$100 in 2017 is worth $116.04 today

The Canadian dollar has lost 14% its value since 2017

Updated: January 13, 2022

$100 in 2017 is equivalent in purchasing power to about $116.04 today, an increase of $16.04 over 6 years. The dollar had an average inflation rate of 2.51% per year between 2017 and today, producing a cumulative price increase of 16.04%.

This means that today's prices are 1.16 times as high as average prices since 2017, according to Statistics Canada consumer price index. A dollar today only buys 86.177% of what it could buy back then.

The inflation rate in 2017 was 1.60%. The current inflation rate compared to last year is now -0.30%. If this number holds, $100 today will be equivalent in buying power to $99.70 next year.


Inflation from 2017 to 2023
Cumulative price change16.04%
Average inflation rate2.51%
Converted amount ($100 base)$116.04
Price difference ($100 base)$16.04
CPI in 2017130.425
CPI in 2023151.351
Inflation in 20171.60%
Inflation in 2023-0.30%
$100 in 2017$116.04 in 2023

CAD inflation since 2017
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 2017

This chart shows a calculation of buying power equivalence for $100 in 2017 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $116.04 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $116.04 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 2017 dollars, the chart below shows how $100 is worth less over 6 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: 2017-2023
YearDollar ValueInflation Rate
2017$100.001.60%
2018$102.272.27%
2019$104.261.95%
2020$105.010.72%
2021$108.573.40%
2022$116.397.20%
2023$116.04-0.30%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2017 amounts in today's dollars, based on the 16.04% change in prices:

Conversion: 2017 dollars today
Initial valueEquivalent value
$1 dollar in 2017$1.16 dollars today
$5 dollars in 2017$5.80 dollars today
$10 dollars in 2017$11.60 dollars today
$50 dollars in 2017$58.02 dollars today
$100 dollars in 2017$116.04 dollars today
$500 dollars in 2017$580.22 dollars today
$1,000 dollars in 2017$1,160.44 dollars today
$5,000 dollars in 2017$5,802.22 dollars today
$10,000 dollars in 2017$11,604.45 dollars today
$50,000 dollars in 2017$58,022.23 dollars today
$100,000 dollars in 2017$116,044.46 dollars today
$500,000 dollars in 2017$580,222.30 dollars today
$1,000,000 dollars in 2017$1,160,444.60 dollars today

How to calculate inflation rate for $100 since 2017

Our calculations use the following inflation rate formula to calculate the change in value between 2017 and today:

CPI today CPI in 2017
×
2017 CAD value
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 130.425 in the year 2017 and 151.35098631039997 in 2023:

151.35098631039997130.425
×
$100
=
$116.04

$100 in 2017 has the same "purchasing power" or "buying power" as $116.04 in 2023.

To get the total inflation rate for the 6 years between 2017 and 2023, we use the following formula:

CPI in 2023 - CPI in 2017CPI in 2017
×
100
=
Cumulative inflation rate (6 years)

Plugging in the values to this equation, we get:

151.35098631039997 - 130.425130.425
×
100
=
16%

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 2017 Canadian dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Feb. 2023, https://www.officialdata.org/canada/inflation/2017.

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.

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Inflation from 2017 to 2023
Cumulative price change16.04%
Average inflation rate2.51%
Converted amount ($100 base)$116.04
Price difference ($100 base)$16.04
CPI in 2017130.425
CPI in 2023151.351
Inflation in 20171.60%
Inflation in 2023-0.30%
$100 in 2017$116.04 in 2023