$100 in 1915 is worth $1,798.41 in 2008

Value of $100 from 1915 to 2008

According to Statistics Canada consumer price index, prices in 2008 are 1,698.41% higher than average prices since 1915. The Canadian dollar experienced an average inflation rate of 3.16% per year during this period, causing the real value of a dollar to decrease.

In other words, $100 in 1915 is equivalent in purchasing power to about $1,798.41 in 2008, a difference of $1,698.41 over 93 years.

The 1915 inflation rate was 3.28%. The inflation rate in 2008 was 1.16%. The 2008 inflation rate is lower compared to the average inflation rate of 1.56% per year between 2008 and 2020.


Inflation from 1915 to 2008
Cumulative price change 1,698.41%
Average inflation rate 3.16%
Converted amount ($100 base) $1,798.41
Price difference ($100 base) $1,698.41
CPI in 1915 6.300
CPI in 2008 113.300
Inflation in 1915 3.28%
Inflation in 2008 1.16%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI
Download

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 $1,798.41 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,798.41 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 93 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: 1915-2008
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%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 87 more rows

This conversion table shows various other 1915 amounts in 2008 dollars, based on the 1,698.41% change in prices:

Conversion Table: Value of a dollar in 2008
Initial value Equivalent value
$1 dollar in 1915 $17.98 dollars in 2008
$5 dollars in 1915 $89.92 dollars in 2008
$10 dollars in 1915 $179.84 dollars in 2008
$50 dollars in 1915 $899.21 dollars in 2008
$100 dollars in 1915 $1,798.41 dollars in 2008
$500 dollars in 1915 $8,992.06 dollars in 2008
$1,000 dollars in 1915 $17,984.13 dollars in 2008
$5,000 dollars in 1915 $89,920.63 dollars in 2008
$10,000 dollars in 1915 $179,841.27 dollars in 2008
$50,000 dollars in 1915 $899,206.35 dollars in 2008
$100,000 dollars in 1915 $1,798,412.70 dollars in 2008
$500,000 dollars in 1915 $8,992,063.49 dollars in 2008
$1,000,000 dollars in 1915 $17,984,126.98 dollars in 2008

How to Calculate Inflation Rate for $100, 1915 to 2008

Our calculations use the following inflation rate formula to calculate the change in value between 1915 and 2008:

CPI in 2008 CPI in 1915
×
1915 CAD value
=
2008 CAD value

Then plug in historical CPI values. The Canadian CPI was 6.3 in the year 1915 and 113.3 in 2008:

113.36.3
×
$100
=
$1,798.41

$100 in 1915 has the same "purchasing power" or "buying power" as $1,798.41 in 2008.

To get the total inflation rate for the 93 years between 1915 and 2008, we use the following formula:

CPI in 2008 - CPI in 1915CPI in 1915
×
100
=
Cumulative inflation rate (93 years)

Plugging in the values to this equation, we get:

113.3 - 6.36.3
×
100
=
1,698%

News headlines from 1915

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: “$100 in 1915 → 2008 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Jun. 2020, https://www.officialdata.org/1915-CAD-in-2008?amount=100.

Special thanks to QuickChart for providing downloadable chart images.

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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» Read more about inflation and investment.

Inflation from 1915 to 2008
Cumulative price change 1,698.41%
Average inflation rate 3.16%
Converted amount ($100 base) $1,798.41
Price difference ($100 base) $1,698.41
CPI in 1915 6.300
CPI in 2008 113.300
Inflation in 1915 3.28%
Inflation in 2008 1.16%