$100 in 1997 is worth $167.99 today

The Canadian dollar has lost 40% its value since 1997

Updated: August 10, 2022

$100 in 1997 is equivalent in purchasing power to about $167.99 today, an increase of $67.99 over 25 years. The dollar had an average inflation rate of 2.10% per year between 1997 and today, producing a cumulative price increase of 67.99%.

This means that today's prices are 1.68 times higher than average prices since 1997, according to Statistics Canada consumer price index. A dollar today only buys 59.527% of what it could buy back then.

The inflation rate in 1997 was 1.62%. The current inflation rate compared to last year is now 7.20%. If this number holds, $100 today will be equivalent in buying power to $107.20 next year.


Inflation from 1997 to 2022
Cumulative price change67.99%
Average inflation rate2.10%
Converted amount ($100 base)$167.99
Price difference ($100 base)$67.99
CPI in 199790.367
CPI in 2022151.804
Inflation in 19971.62%
Inflation in 20227.20%
$100 in 1997$167.99 in 2022

CAD inflation since 1997
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 1997

This chart shows a calculation of buying power equivalence for $100 in 1997 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $167.99 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $167.99 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1997 dollars, the chart below shows how $100 is worth less over 25 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1997-2022
YearDollar ValueInflation Rate
1997$100.001.62%
1998$101.001.00%
1999$102.751.73%
2000$105.542.72%
2001$108.212.53%
2002$110.652.26%
2003$113.702.76%
2004$115.821.86%
2005$118.382.21%
2006$120.752.00%
2007$123.332.14%
2008$126.252.37%
2009$126.630.30%
2010$128.881.78%
2011$132.642.91%
2012$134.651.52%
2013$135.910.94%
2014$138.501.91%
2015$140.061.13%
2016$142.061.43%
2017$144.331.60%
2018$147.602.27%
2019$150.481.95%
2020$151.560.72%
2021$156.703.40%
2022$167.997.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 19 more rows

This conversion table shows various other 1997 amounts in today's dollars, based on the 67.99% change in prices:

Conversion: 1997 dollars today
Initial valueEquivalent value
$1 dollar in 1997$1.68 dollars today
$5 dollars in 1997$8.40 dollars today
$10 dollars in 1997$16.80 dollars today
$50 dollars in 1997$83.99 dollars today
$100 dollars in 1997$167.99 dollars today
$500 dollars in 1997$839.93 dollars today
$1,000 dollars in 1997$1,679.87 dollars today
$5,000 dollars in 1997$8,399.34 dollars today
$10,000 dollars in 1997$16,798.69 dollars today
$50,000 dollars in 1997$83,993.43 dollars today
$100,000 dollars in 1997$167,986.87 dollars today
$500,000 dollars in 1997$839,934.34 dollars today
$1,000,000 dollars in 1997$1,679,868.68 dollars today

How to calculate inflation rate for $100 since 1997

Our calculations use the following inflation rate formula to calculate the change in value between 1997 and today:

CPI today CPI in 1997
×
1997 CAD value
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 90.36666667 in the year 1997 and 151.8041332976 in 2022:

151.804133297690.36666667
×
$100
=
$167.99

$100 in 1997 has the same "purchasing power" or "buying power" as $167.99 in 2022.

To get the total inflation rate for the 25 years between 1997 and 2022, we use the following formula:

CPI in 2022 - CPI in 1997CPI in 1997
×
100
=
Cumulative inflation rate (25 years)

Plugging in the values to this equation, we get:

151.8041332976 - 90.3666666790.36666667
×
100
=
68%

Data source & citation

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “Value of 1997 Canadian dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 Aug. 2022, https://www.officialdata.org/canada/inflation/1997.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1997 to 2022
Cumulative price change67.99%
Average inflation rate2.10%
Converted amount ($100 base)$167.99
Price difference ($100 base)$67.99
CPI in 199790.367
CPI in 2022151.804
Inflation in 19971.62%
Inflation in 20227.20%
$100 in 1997$167.99 in 2022