$100 in 1998 is worth $101.73 in 1999

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Value of $100 from 1998 to 1999

$100 in 1998 is equivalent in purchasing power to about $101.73 in 1999. The dollar had an average inflation rate of 1.73% per year between 1998 and 1999, producing a cumulative price increase of 1.73%.

This means that prices in 1999 are 1.02 times as high as average prices since 1998, according to Statistics Canada consumer price index.

The inflation rate in 1998 was 1.00%. The inflation rate in 1999 was 1.73%. The 1999 inflation rate is lower compared to the average inflation rate of 2.16% per year between 1999 and 2025.

⌃
Inflation from 1998 to 1999
Average inflation rate1.73%
Converted amount
$100 base		$101.73
Price difference
$100 base		$1.73
CPI in 199891.267
CPI in 199992.850
Inflation in 19981.00%
Inflation in 19991.73%
$100 in 1998$101.73 in 1999
Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

How to calculate inflation rate for $100, 1998 to 1999

Our calculations use the following inflation rate formula to calculate the change in value between 1998 and 1999:

CPI in 1999 CPI in 1998
×
1998 CAD value
=
1999 CAD value

Then plug in historical CPI values. The Canadian CPI was 91.26666667 in the year 1998 and 92.85 in 1999:

92.8591.26666667
×
$100
=
$101.73

$100 in 1998 has the same "purchasing power" or "buying power" as $101.73 in 1999.

To get the total inflation rate for the 1 years between 1998 and 1999, we use the following formula:

CPI in 1999 - CPI in 1998CPI in 1998
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

92.85 - 91.2666666791.26666667
×
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: “1998 dollars in 1999 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 May. 2025, https://www.officialdata.org/1998-CAD-in-1999.

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 1998 to 1999
Average inflation rate1.73%
Converted amount
$100 base		$101.73
Price difference
$100 base		$1.73
CPI in 199891.267
CPI in 199992.850
Inflation in 19981.00%
Inflation in 19991.73%
$100 in 1998$101.73 in 1999