$100 in 1997 is worth $101.00 in 1998

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Value of $100 from 1997 to 1998

$100 in 1997 is equivalent in purchasing power to about $101.00 in 1998. The dollar had an average inflation rate of 1.00% per year between 1997 and 1998, producing a cumulative price increase of 1.00%.

This means that prices in 1998 are 1.01 times as high as average prices since 1997, according to Statistics Canada consumer price index.

The inflation rate in 1997 was 1.62%. The inflation rate in 1998 was 1.00%. The 1998 inflation rate is lower compared to the average inflation rate of 2.14% per year between 1998 and 2025.

⌃
Inflation from 1997 to 1998
Average inflation rate1.00%
Converted amount
$100 base		$101.00
Price difference
$100 base		$1.00
CPI in 199790.367
CPI in 199891.267
Inflation in 19971.62%
Inflation in 19981.00%
$100 in 1997$101.00 in 1998
Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

How to calculate inflation rate for $100, 1997 to 1998

Our calculations use the following inflation rate formula to calculate the change in value between 1997 and 1998:

CPI in 1998 CPI in 1997
×
1997 CAD value
=
1998 CAD value

Then plug in historical CPI values. The Canadian CPI was 90.36666667 in the year 1997 and 91.26666667 in 1998:

91.2666666790.36666667
×
$100
=
$101.00

$100 in 1997 has the same "purchasing power" or "buying power" as $101.00 in 1998.

To get the total inflation rate for the 1 years between 1997 and 1998, we use the following formula:

CPI in 1998 - CPI in 1997CPI in 1997
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

91.26666667 - 90.3666666790.36666667
×
100
=
1%

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: “1997 dollars in 1998 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 May. 2025, https://www.officialdata.org/1997-CAD-in-1998.

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 1997 to 1998
Average inflation rate1.00%
Converted amount
$100 base		$101.00
Price difference
$100 base		$1.00
CPI in 199790.367
CPI in 199891.267
Inflation in 19971.62%
Inflation in 19981.00%
$100 in 1997$101.00 in 1998