$100 in 1924 is worth $1,001.29 in 1997

Value of $100 from 1924 to 1997

$100 in 1924 is equivalent in purchasing power to about $1,001.29 in 1997, an increase of $901.29 over 73 years. The dollar had an average inflation rate of 3.21% per year between 1924 and 1997, producing a cumulative price increase of 901.29%.

This means that prices in 1997 are 10.01 times as high as average prices since 1924, according to Statistics Canada consumer price index.

The inflation rate in 1924 was -1.90%. The inflation rate in 1997 was 1.62%. The 1997 inflation rate is lower compared to the average inflation rate of 2.11% per year between 1997 and 2024.


Inflation from 1924 to 1997
Cumulative price change901.29%
Average inflation rate3.21%
Converted amount
$100 base
$1,001.29
Price difference
$100 base
$901.29
CPI in 19249.025
CPI in 199790.367
Inflation in 1924-1.90%
Inflation in 19971.62%
$100 in 1924$1,001.29 in 1997

CAD inflation since 1924
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 1924

This chart shows a calculation of buying power equivalence for $100 in 1924 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $1,001.29 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,001.29 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 1924 dollars, the chart below shows how $100 is worth less over 73 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: 1924-1997
YearDollar ValueInflation Rate
1924$100.00-1.90%
1925$101.201.20%
1926$101.940.73%
1927$100.46-1.45%
1928$101.200.74%
1929$102.221.00%
1930$101.20-0.99%
1931$91.23-9.85%
1932$82.64-9.41%
1933$79.04-4.36%
1934$79.961.17%
1935$80.330.46%
1936$81.992.07%
1937$84.953.60%
1938$85.410.54%
1939$84.76-0.76%
1940$88.374.25%
1941$93.635.96%
1942$97.974.64%
1943$100.092.17%
1944$100.740.65%
1945$101.390.64%
1946$104.523.10%
1947$113.949.01%
1948$130.1914.26%
1949$134.723.48%
1950$138.322.67%
1951$152.9110.55%
1952$156.882.60%
1953$155.31-1.00%
1954$156.330.65%
1955$156.600.18%
1956$158.731.36%
1957$163.993.32%
1958$167.872.36%
1959$169.901.21%
1960$172.211.36%
1961$173.961.02%
1962$175.811.06%
1963$178.671.63%
1964$182.091.91%
1965$186.332.33%
1966$193.443.82%
1967$200.373.58%
1968$208.494.06%
1969$218.014.56%
1970$225.303.35%
1971$231.392.70%
1972$242.944.99%
1973$261.137.49%
1974$289.8411.00%
1975$320.7810.67%
1976$344.977.54%
1977$372.487.98%
1978$405.918.97%
1979$443.039.14%
1980$487.9010.13%
1981$548.7512.47%
1982$607.8510.77%
1983$643.495.86%
1984$671.194.30%
1985$697.783.96%
1986$727.054.19%
1987$758.734.36%
1988$789.294.03%
1989$828.624.98%
1990$868.244.78%
1991$917.085.63%
1992$930.751.49%
1993$948.111.87%
1994$949.680.17%
1995$970.082.15%
1996$985.321.57%
1997$1,001.291.62%
1998$1,011.271.00%
1999$1,028.811.73%
2000$1,056.792.72%
2001$1,083.472.53%
2002$1,107.942.26%
2003$1,138.502.76%
2004$1,159.651.86%
2005$1,185.322.21%
2006$1,209.052.00%
2007$1,234.902.14%
2008$1,264.172.37%
2009$1,267.960.30%
2010$1,290.491.78%
2011$1,328.072.91%
2012$1,348.201.52%
2013$1,360.850.94%
2014$1,386.801.91%
2015$1,402.401.13%
2016$1,422.441.43%
2017$1,445.151.60%
2018$1,477.932.27%
2019$1,506.741.95%
2020$1,517.540.72%
2021$1,569.073.40%
2022$1,675.816.80%
2023$1,739.613.81%
2024$1,759.561.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 67 more rows

This conversion table shows various other 1924 amounts in 1997 dollars, based on the 901.29% change in prices:

Conversion: 1924 dollars in 1997
Initial valueEquivalent value
$1 dollar in 1924$10.01 dollars in 1997
$5 dollars in 1924$50.06 dollars in 1997
$10 dollars in 1924$100.13 dollars in 1997
$50 dollars in 1924$500.65 dollars in 1997
$100 dollars in 1924$1,001.29 dollars in 1997
$500 dollars in 1924$5,006.46 dollars in 1997
$1,000 dollars in 1924$10,012.93 dollars in 1997
$5,000 dollars in 1924$50,064.64 dollars in 1997
$10,000 dollars in 1924$100,129.27 dollars in 1997
$50,000 dollars in 1924$500,646.35 dollars in 1997
$100,000 dollars in 1924$1,001,292.71 dollars in 1997
$500,000 dollars in 1924$5,006,463.53 dollars in 1997
$1,000,000 dollars in 1924$10,012,927.05 dollars in 1997

How to calculate inflation rate for $100, 1924 to 1997

Our calculations use the following inflation rate formula to calculate the change in value between 1924 and 1997:

CPI in 1997 CPI in 1924
×
1924 CAD value
=
1997 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.025 in the year 1924 and 90.36666667 in 1997:

90.366666679.025
×
$100
=
$1,001.29

$100 in 1924 has the same "purchasing power" or "buying power" as $1,001.29 in 1997.

To get the total inflation rate for the 73 years between 1924 and 1997, we use the following formula:

CPI in 1997 - CPI in 1924CPI in 1924
×
100
=
Cumulative inflation rate (73 years)

Plugging in the values to this equation, we get:

90.36666667 - 9.0259.025
×
100
=
901%

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: “1924 dollars in 1997 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1924-CAD-in-1997.

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1924 to 1997
Cumulative price change901.29%
Average inflation rate3.21%
Converted amount
$100 base
$1,001.29
Price difference
$100 base
$901.29
CPI in 19249.025
CPI in 199790.367
Inflation in 1924-1.90%
Inflation in 19971.62%
$100 in 1924$1,001.29 in 1997