$100 in 1996 is worth $101.62 in 1997

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Value of $100 from 1996 to 1997

$100 in 1996 is equivalent in purchasing power to about $101.62 in 1997. The dollar had an average inflation rate of 1.62% per year between 1996 and 1997, producing a cumulative price increase of 1.62%.

This means that prices in 1997 are 1.02 times as high as average prices since 1996, according to Statistics Canada consumer price index.

The inflation rate in 1996 was 1.57%. The inflation rate in 1997 was 1.62%. The 1997 inflation rate is lower compared to the average inflation rate of 2.10% per year between 1997 and 2025.

⌃
Inflation from 1996 to 1997
Average inflation rate1.62%
Converted amount
$100 base		$101.62
Price difference
$100 base		$1.62
CPI in 199688.925
CPI in 199790.367
Inflation in 19961.57%
Inflation in 19971.62%
$100 in 1996$101.62 in 1997
Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

How to calculate inflation rate for $100, 1996 to 1997

Our calculations use the following inflation rate formula to calculate the change in value between 1996 and 1997:

CPI in 1997 CPI in 1996
×
1996 CAD value
=
1997 CAD value

Then plug in historical CPI values. The Canadian CPI was 88.925 in the year 1996 and 90.36666667 in 1997:

90.3666666788.925
×
$100
=
$101.62

$100 in 1996 has the same "purchasing power" or "buying power" as $101.62 in 1997.

To get the total inflation rate for the 1 years between 1996 and 1997, we use the following formula:

CPI in 1997 - CPI in 1996CPI in 1996
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

90.36666667 - 88.92588.925
×
100
=
2%

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: “1996 dollars in 1997 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Dec. 2025, https://www.officialdata.org/1996-CAD-in-1997.

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

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 1996 to 1997
Average inflation rate1.62%
Converted amount
$100 base		$101.62
Price difference
$100 base		$1.62
CPI in 199688.925
CPI in 199790.367
Inflation in 19961.57%
Inflation in 19971.62%
$100 in 1996$101.62 in 1997