$100 in 1960 is worth $790.24 in 2013

Value of $100 from 1960 to 2013

$100 in 1960 is equivalent in purchasing power to about $790.24 in 2013, an increase of $690.24 over 53 years. The dollar had an average inflation rate of 3.98% per year between 1960 and 2013, producing a cumulative price increase of 690.24%.

This means that prices in 2013 are 7.90 times as high as average prices since 1960, according to Statistics Canada consumer price index.

The inflation rate in 1960 was 1.36%. The inflation rate in 2013 was 0.94%. The 2013 inflation rate is lower compared to the average inflation rate of 2.36% per year between 2013 and 2024.


Inflation from 1960 to 2013
Cumulative price change690.24%
Average inflation rate3.98%
Converted amount
$100 base
$790.24
Price difference
$100 base
$690.24
CPI in 196015.542
CPI in 2013122.817
Inflation in 19601.36%
Inflation in 20130.94%
$100 in 1960$790.24 in 2013

CAD inflation since 1960
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 1960

This chart shows a calculation of buying power equivalence for $100 in 1960 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $790.24 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $790.24 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 1960 dollars, the chart below shows how $100 is worth less over 53 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: 1960-2013
YearDollar ValueInflation Rate
1960$100.001.36%
1961$101.021.02%
1962$102.091.06%
1963$103.751.63%
1964$105.741.91%
1965$108.202.33%
1966$112.333.82%
1967$116.353.58%
1968$121.074.06%
1969$126.604.56%
1970$130.833.35%
1971$134.372.70%
1972$141.074.99%
1973$151.647.49%
1974$168.3111.00%
1975$186.2710.67%
1976$200.327.54%
1977$216.307.98%
1978$235.718.97%
1979$257.279.14%
1980$283.3210.13%
1981$318.6612.47%
1982$352.9810.77%
1983$373.675.86%
1984$389.764.30%
1985$405.203.96%
1986$422.204.19%
1987$440.594.36%
1988$458.344.03%
1989$481.184.98%
1990$504.184.78%
1991$532.555.63%
1992$540.481.49%
1993$550.561.87%
1994$551.470.17%
1995$563.322.15%
1996$572.171.57%
1997$581.451.62%
1998$587.241.00%
1999$597.431.73%
2000$613.672.72%
2001$629.172.53%
2002$643.382.26%
2003$661.132.76%
2004$673.401.86%
2005$688.312.21%
2006$702.092.00%
2007$717.102.14%
2008$734.102.37%
2009$736.300.30%
2010$749.381.78%
2011$771.212.91%
2012$782.901.52%
2013$790.240.94%
2014$805.311.91%
2015$814.371.13%
2016$826.011.43%
2017$839.201.60%
2018$858.232.27%
2019$874.961.95%
2020$881.230.72%
2021$911.153.40%
2022$973.146.80%
2023$1,010.193.81%
2024$1,021.771.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 47 more rows

This conversion table shows various other 1960 amounts in 2013 dollars, based on the 690.24% change in prices:

Conversion: 1960 dollars in 2013
Initial valueEquivalent value
$1 dollar in 1960$7.90 dollars in 2013
$5 dollars in 1960$39.51 dollars in 2013
$10 dollars in 1960$79.02 dollars in 2013
$50 dollars in 1960$395.12 dollars in 2013
$100 dollars in 1960$790.24 dollars in 2013
$500 dollars in 1960$3,951.21 dollars in 2013
$1,000 dollars in 1960$7,902.41 dollars in 2013
$5,000 dollars in 1960$39,512.06 dollars in 2013
$10,000 dollars in 1960$79,024.13 dollars in 2013
$50,000 dollars in 1960$395,120.64 dollars in 2013
$100,000 dollars in 1960$790,241.29 dollars in 2013
$500,000 dollars in 1960$3,951,206.43 dollars in 2013
$1,000,000 dollars in 1960$7,902,412.87 dollars in 2013

How to calculate inflation rate for $100, 1960 to 2013

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and 2013:

CPI in 2013 CPI in 1960
×
1960 CAD value
=
2013 CAD value

Then plug in historical CPI values. The Canadian CPI was 15.54166667 in the year 1960 and 122.8166667 in 2013:

122.816666715.54166667
×
$100
=
$790.24

$100 in 1960 has the same "purchasing power" or "buying power" as $790.24 in 2013.

To get the total inflation rate for the 53 years between 1960 and 2013, we use the following formula:

CPI in 2013 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (53 years)

Plugging in the values to this equation, we get:

122.8166667 - 15.5416666715.54166667
×
100
=
690%

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 1960 → 2013 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 31 Oct. 2024, https://www.officialdata.org/canada/inflation/1960?amount=100&endYear=2013.

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 1960 to 2013
Cumulative price change690.24%
Average inflation rate3.98%
Converted amount
$100 base
$790.24
Price difference
$100 base
$690.24
CPI in 196015.542
CPI in 2013122.817
Inflation in 19601.36%
Inflation in 20130.94%
$100 in 1960$790.24 in 2013