# \$100 in 1915 is worth \$1,449.21 in 1998

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## Value of \$100 from 1915 to 1998

\$100 in 1915 is equivalent in purchasing power to about \$1,449.21 in 1998, an increase of \$1,349.21 over 83 years. The dollar had an average inflation rate of 3.27% per year between 1915 and 1998, producing a cumulative price increase of 1,349.21%.

This means that prices in 1998 are 14.49 times higher than average prices since 1915, according to Statistics Canada consumer price index.

The 1915 inflation rate was 3.28%. The inflation rate in 1998 was 1.00%. The 1998 inflation rate is lower compared to the average inflation rate of 1.79% per year between 1998 and 2021.

 Cumulative price change 1,349.21% Average inflation rate 3.27% Converted amount (\$100 base) \$1,449.21 Price difference (\$100 base) \$1,349.21 CPI in 1915 6.300 CPI in 1998 91.300 Inflation in 1915 3.28% Inflation in 1998 1.00% \$100 in 1915 \$1,449.21 in 1998

## Buying power of \$100 in 1915

This chart shows a calculation of buying power equivalence for \$100 in 1915 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$1,449.21 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,449.21 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 1915 dollars, the chart below shows how \$100 is worth less over 83 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: 1915-1998
Year Dollar Value Inflation Rate
1915 \$100.00 3.28%
1916 \$114.29 14.29%
1917 \$131.75 15.28%
1918 \$149.21 13.25%
1919 \$161.90 8.51%
1920 \$177.78 9.80%
1921 \$149.21 -16.07%
1922 \$146.03 -2.13%
1923 \$146.03 0.00%
1924 \$144.44 -1.09%
1925 \$147.62 2.20%
1926 \$146.03 -1.08%
1927 \$144.44 -1.09%
1928 \$146.03 1.10%
1929 \$149.21 2.17%
1930 \$139.68 -6.38%
1931 \$125.40 -10.23%
1932 \$115.87 -7.59%
1933 \$112.70 -2.74%
1934 \$114.29 1.41%
1935 \$117.46 2.78%
1936 \$119.05 1.35%
1937 \$123.81 4.00%
1938 \$120.63 -2.56%
1939 \$123.81 2.63%
1940 \$130.16 5.13%
1941 \$138.10 6.10%
1942 \$142.86 3.45%
1943 \$146.03 2.22%
1944 \$142.86 -2.17%
1945 \$146.03 2.22%
1946 \$153.97 5.43%
1947 \$176.19 14.43%
1948 \$192.06 9.01%
1949 \$193.65 0.83%
1950 \$204.76 5.74%
1951 \$226.98 10.85%
1952 \$223.81 -1.40%
1953 \$223.81 0.00%
1954 \$223.81 0.00%
1955 \$225.40 0.71%
1956 \$231.75 2.82%
1957 \$236.51 2.05%
1958 \$242.86 2.68%
1959 \$246.03 1.31%
1960 \$249.21 1.29%
1961 \$249.21 0.00%
1962 \$253.97 1.91%
1963 \$258.73 1.88%
1964 \$263.49 1.84%
1965 \$271.43 3.01%
1966 \$280.95 3.51%
1967 \$292.06 3.95%
1968 \$304.76 4.35%
1969 \$319.05 4.69%
1970 \$322.22 1.00%
1971 \$338.10 4.93%
1972 \$355.56 5.16%
1973 \$388.89 9.38%
1974 \$438.10 12.65%
1975 \$479.37 9.42%
1976 \$506.35 5.63%
1977 \$553.97 9.40%
1978 \$601.59 8.60%
1979 \$660.32 9.76%
1980 \$733.33 11.06%
1981 \$822.22 12.12%
1982 \$898.41 9.27%
1983 \$939.68 4.59%
1984 \$974.60 3.72%
1985 \$1,017.46 4.40%
1986 \$1,060.32 4.21%
1987 \$1,104.76 4.19%
1988 \$1,147.62 3.88%
1989 \$1,207.94 5.26%
1990 \$1,268.25 4.99%
1991 \$1,315.87 3.75%
1992 \$1,344.44 2.17%
1993 \$1,366.67 1.65%
1994 \$1,369.84 0.23%
1995 \$1,393.65 1.74%
1996 \$1,423.81 2.16%
1997 \$1,434.92 0.78%
1998 \$1,449.21 1.00%
1999 \$1,487.30 2.63%
2000 \$1,534.92 3.20%
2001 \$1,546.03 0.72%
2002 \$1,604.76 3.80%
2003 \$1,638.10 2.08%
2004 \$1,673.02 2.13%
2005 \$1,707.94 2.09%
2006 \$1,736.51 1.67%
2007 \$1,777.78 2.38%
2008 \$1,798.41 1.16%
2009 \$1,822.22 1.32%
2010 \$1,865.08 2.35%
2011 \$1,907.94 2.30%
2012 \$1,923.81 0.83%
2013 \$1,947.62 1.24%
2014 \$1,976.19 1.47%
2015 \$2,007.94 1.61%
2016 \$2,038.10 1.50%
2017 \$2,069.84 1.56%
2018 \$2,076.19 0.31%
2019 \$2,117.46 1.99%
2020 \$2,165.08 2.25%
2021 \$2,180.95 0.73%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 77 more rows

This conversion table shows various other 1915 amounts in 1998 dollars, based on the 1,349.21% change in prices:

Conversion: 1915 dollars in 1998
Initial value Equivalent value
\$1 dollar in 1915 \$14.49 dollars in 1998
\$5 dollars in 1915 \$72.46 dollars in 1998
\$10 dollars in 1915 \$144.92 dollars in 1998
\$50 dollars in 1915 \$724.60 dollars in 1998
\$100 dollars in 1915 \$1,449.21 dollars in 1998
\$500 dollars in 1915 \$7,246.03 dollars in 1998
\$1,000 dollars in 1915 \$14,492.06 dollars in 1998
\$5,000 dollars in 1915 \$72,460.32 dollars in 1998
\$10,000 dollars in 1915 \$144,920.63 dollars in 1998
\$50,000 dollars in 1915 \$724,603.17 dollars in 1998
\$100,000 dollars in 1915 \$1,449,206.35 dollars in 1998
\$500,000 dollars in 1915 \$7,246,031.75 dollars in 1998
\$1,000,000 dollars in 1915 \$14,492,063.49 dollars in 1998

## How to Calculate Inflation Rate for \$100, 1915 to 1998

Our calculations use the following inflation rate formula to calculate the change in value between 1915 and 1998:

CPI in 1998 CPI in 1915
×
=

Then plug in historical CPI values. The Canadian CPI was 6.3 in the year 1915 and 91.3 in 1998:

91.36.3
×
\$100
=
\$1,449.21

\$100 in 1915 has the same "purchasing power" or "buying power" as \$1,449.21 in 1998.

To get the total inflation rate for the 83 years between 1915 and 1998, we use the following formula:

CPI in 1998 - CPI in 1915CPI in 1915
×
100
=
Cumulative inflation rate (83 years)

Plugging in the values to this equation, we get:

91.3 - 6.36.3
×
100
=
1,349%

Politics and news often influence economic performance. Here's what was happening at the time:

• French troops force Germans back into the Champagne region, suffering losses of 50,000 men and gaining several hundred yards.
• Germany uses poison gas for the first time in World War I.
• Almost 430,000 French, British, and Germans are killed in the Battle of Loos.
• The one-millionth Model T is produced by Ford Motor Company.

## 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: “1915 dollars in 1998 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Jul. 2021, https://www.officialdata.org/1915-CAD-in-1998.

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.