$100 in 1955 is worth $99.17 in 1953

Value of $100 from 1955 to 1953

$100 in 1955 is equivalent in purchasing power to about $99.17 in 1953, an increase of $-0.83 over 2 years. The dollar had an average inflation rate of 0.42% per year between 1953 and 1955, producing a cumulative price increase of -0.83%.

This means that prices in 1953 are 0.83% lower than average prices since 1955, according to Statistics Canada consumer price index.

The inflation rate in 1953 was -1.00%. The inflation rate in 1955 was 0.18%. The 1955 inflation rate is lower compared to the average inflation rate of 3.57% per year between 1955 and 2024.


Inflation from 1955 to 1953
Cumulative price change-0.83%
Average inflation rate0.42%
Converted amount
$100 base
$99.17
Price difference
$100 base
$-0.83
CPI in 195514.133
CPI in 195314.017
Inflation in 1953-1.00%
Inflation in 19550.18%
$100 in 1955$99.17 in 1953

Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 1953

This chart shows a calculation of buying power equivalence for $100 in 1953 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $99.17 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $99.17 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 1953 dollars, the chart below shows how $100 is worth less over 2 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: 1953-1955
YearDollar ValueInflation Rate
1953$100.00-1.00%
1954$100.650.65%
1955$100.830.18%
1956$102.201.36%
1957$105.593.32%
1958$108.092.36%
1959$109.391.21%
1960$110.881.36%
1961$112.011.02%
1962$113.201.06%
1963$115.041.63%
1964$117.241.91%
1965$119.982.33%
1966$124.553.82%
1967$129.013.58%
1968$134.244.06%
1969$140.374.56%
1970$145.073.35%
1971$148.992.70%
1972$156.424.99%
1973$168.137.49%
1974$186.6211.00%
1975$206.5410.67%
1976$222.127.54%
1977$239.837.98%
1978$261.368.97%
1979$285.269.14%
1980$314.1510.13%
1981$353.3312.47%
1982$391.3810.77%
1983$414.335.86%
1984$432.164.30%
1985$449.293.96%
1986$468.134.19%
1987$488.534.36%
1988$508.204.03%
1989$533.534.98%
1990$559.044.78%
1991$590.495.63%
1992$599.291.49%
1993$610.461.87%
1994$611.470.17%
1995$624.612.15%
1996$634.421.57%
1997$644.711.62%
1998$651.131.00%
1999$662.431.73%
2000$680.442.72%
2001$697.622.53%
2002$713.382.26%
2003$733.062.76%
2004$746.671.86%
2005$763.202.21%
2006$778.482.00%
2007$795.122.14%
2008$813.972.37%
2009$816.410.30%
2010$830.921.78%
2011$855.112.91%
2012$868.071.52%
2013$876.220.94%
2014$892.931.91%
2015$902.971.13%
2016$915.871.43%
2017$930.501.60%
2018$951.612.27%
2019$970.151.95%
2020$977.110.72%
2021$1,010.293.40%
2022$1,079.016.80%
2023$1,120.103.81%
2024$1,132.941.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1953 amounts in 1955 dollars, based on the -0.83% change in prices:

Conversion: 1953 dollars in 1955
Initial valueEquivalent value
$1 dollar in 1953$1.01 dollars in 1955
$5 dollars in 1953$5.04 dollars in 1955
$10 dollars in 1953$10.08 dollars in 1955
$50 dollars in 1953$50.42 dollars in 1955
$100 dollars in 1953$100.83 dollars in 1955
$500 dollars in 1953$504.16 dollars in 1955
$1,000 dollars in 1953$1,008.32 dollars in 1955
$5,000 dollars in 1953$5,041.62 dollars in 1955
$10,000 dollars in 1953$10,083.23 dollars in 1955
$50,000 dollars in 1953$50,416.17 dollars in 1955
$100,000 dollars in 1953$100,832.34 dollars in 1955
$500,000 dollars in 1953$504,161.71 dollars in 1955
$1,000,000 dollars in 1953$1,008,323.42 dollars in 1955

How to calculate inflation rate for $100, 1953 to 1955

Our calculations use the following inflation rate formula to calculate the change in value between 1953 and 1955:

CPI in 1953 CPI in 1955
×
1955 CAD value
=
1953 CAD value

Then plug in historical CPI values. The Canadian CPI was 14.13333333 in the year 1955 and 14.01666667 in 1953:

14.0166666714.13333333
×
$100
=
$99.17

$100 in 1955 has the same "purchasing power" or "buying power" as $99.17 in 1953.

To get the total inflation rate for the 2 years between 1953 and 1955, we use the following formula:

CPI in 1953 - CPI in 1955CPI in 1955
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

14.01666667 - 14.1333333314.13333333
×
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: “$100 in 1955 → 1953 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/1955-CAD-in-1953?amount=100.

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.

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Inflation from 1955 to 1953
Cumulative price change-0.83%
Average inflation rate0.42%
Converted amount
$100 base
$99.17
Price difference
$100 base
$-0.83
CPI in 195514.133
CPI in 195314.017
Inflation in 1953-1.00%
Inflation in 19550.18%
$100 in 1955$99.17 in 1953