$100 in 1920 is equivalent in purchasing power to about $941.82 in 2005, an increase of $841.82 over 85 years. The dollar had an average inflation rate of 2.67% per year between 1920 and 2005, producing a cumulative price increase of 841.82%.
This means that prices in 2005 are 9.42 times as high as average prices since 1920, according to Statistics Canada consumer price index.
The inflation rate in 1920 was 16.30%. The inflation rate in 2005 was 2.21%. The 2005 inflation rate is higher compared to the average inflation rate of 2.10% per year between 2005 and 2024.
Cumulative price change | 841.82% |
Average inflation rate | 2.67% |
Converted amount $100 base | $941.82 |
Price difference $100 base | $841.82 |
CPI in 1920 | 11.358 |
CPI in 2005 | 106.975 |
Inflation in 1920 | 16.30% |
Inflation in 2005 | 2.21% |
$100 in 1920 | $941.82 in 2005 |
This chart shows a calculation of buying power equivalence for $100 in 1920 (price index tracking began in 1914).
For example, if you started with $100, you would need to end with $941.82 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $941.82 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 1920 dollars, the chart below shows how $100 is worth less over 85 years.
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1920 amounts in 2005 dollars, based on the 841.82% change in prices:
Initial value | Equivalent value |
---|---|
$1 dollar in 1920 | $9.42 dollars in 2005 |
$5 dollars in 1920 | $47.09 dollars in 2005 |
$10 dollars in 1920 | $94.18 dollars in 2005 |
$50 dollars in 1920 | $470.91 dollars in 2005 |
$100 dollars in 1920 | $941.82 dollars in 2005 |
$500 dollars in 1920 | $4,709.10 dollars in 2005 |
$1,000 dollars in 1920 | $9,418.20 dollars in 2005 |
$5,000 dollars in 1920 | $47,090.98 dollars in 2005 |
$10,000 dollars in 1920 | $94,181.95 dollars in 2005 |
$50,000 dollars in 1920 | $470,909.76 dollars in 2005 |
$100,000 dollars in 1920 | $941,819.52 dollars in 2005 |
$500,000 dollars in 1920 | $4,709,097.58 dollars in 2005 |
$1,000,000 dollars in 1920 | $9,418,195.16 dollars in 2005 |
Our calculations use the following inflation rate formula to calculate the change in value between 1920 and 2005:
Then plug in historical CPI values. The Canadian CPI was 11.35833333 in the year 1920 and 106.975 in 2005:
$100 in 1920 has the same "purchasing power" or "buying power" as $941.82 in 2005.
To get the total inflation rate for the 85 years between 1920 and 2005, we use the following formula:
Plugging in the values to this equation, we get:
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: “1920 dollars in 2005 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 18 Apr. 2024, https://www.officialdata.org/1920-CAD-in-2005.
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.
Cumulative price change | 841.82% |
Average inflation rate | 2.67% |
Converted amount $100 base | $941.82 |
Price difference $100 base | $841.82 |
CPI in 1920 | 11.358 |
CPI in 2005 | 106.975 |
Inflation in 1920 | 16.30% |
Inflation in 2005 | 2.21% |
$100 in 1920 | $941.82 in 2005 |