# \$100 in 1916 is worth \$822.22 in 1983

\$

## Value of \$100 from 1916 to 1983

According to Statistics Canada consumer price index, prices in 1983 are 722.22% higher than average prices since 1916. The Canadian dollar experienced an average inflation rate of 3.19% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1916 is equivalent in purchasing power to about \$822.22 in 1983, a difference of \$722.22 over 67 years.

The 1916 inflation rate was 14.29%. The inflation rate in 1983 was 4.59%. The 1983 inflation rate is higher compared to the average inflation rate of 2.28% per year between 1983 and 2020.

 Cumulative price change 722.22% Average inflation rate 3.19% Converted amount (\$100 base) \$822.22 Price difference (\$100 base) \$722.22 CPI in 1916 7.200 CPI in 1983 59.200 Inflation in 1916 14.29% Inflation in 1983 4.59%

## Buying power of \$100 in 1916

This chart shows a calculation of buying power equivalence for \$100 in 1916 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$822.22 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$822.22 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 1916 dollars, the chart below shows how \$100 is worth less over 67 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: 1916-1983
Year Dollar Value Inflation Rate
1916 \$100.00 14.29%
1917 \$115.28 15.28%
1918 \$130.56 13.25%
1919 \$141.67 8.51%
1920 \$155.56 9.80%
1921 \$130.56 -16.07%
1922 \$127.78 -2.13%
1923 \$127.78 0.00%
1924 \$126.39 -1.09%
1925 \$129.17 2.20%
1926 \$127.78 -1.08%
1927 \$126.39 -1.09%
1928 \$127.78 1.10%
1929 \$130.56 2.17%
1930 \$122.22 -6.38%
1931 \$109.72 -10.23%
1932 \$101.39 -7.59%
1933 \$98.61 -2.74%
1934 \$100.00 1.41%
1935 \$102.78 2.78%
1936 \$104.17 1.35%
1937 \$108.33 4.00%
1938 \$105.56 -2.56%
1939 \$108.33 2.63%
1940 \$113.89 5.13%
1941 \$120.83 6.10%
1942 \$125.00 3.45%
1943 \$127.78 2.22%
1944 \$125.00 -2.17%
1945 \$127.78 2.22%
1946 \$134.72 5.43%
1947 \$154.17 14.43%
1948 \$168.06 9.01%
1949 \$169.44 0.83%
1950 \$179.17 5.74%
1951 \$198.61 10.85%
1952 \$195.83 -1.40%
1953 \$195.83 0.00%
1954 \$195.83 0.00%
1955 \$197.22 0.71%
1956 \$202.78 2.82%
1957 \$206.94 2.05%
1958 \$212.50 2.68%
1959 \$215.28 1.31%
1960 \$218.06 1.29%
1961 \$218.06 0.00%
1962 \$222.22 1.91%
1963 \$226.39 1.88%
1964 \$230.56 1.84%
1965 \$237.50 3.01%
1966 \$245.83 3.51%
1967 \$255.56 3.95%
1968 \$266.67 4.35%
1969 \$279.17 4.69%
1970 \$281.94 1.00%
1971 \$295.83 4.93%
1972 \$311.11 5.16%
1973 \$340.28 9.38%
1974 \$383.33 12.65%
1975 \$419.44 9.42%
1976 \$443.06 5.63%
1977 \$484.72 9.40%
1978 \$526.39 8.60%
1979 \$577.78 9.76%
1980 \$641.67 11.06%
1981 \$719.44 12.12%
1982 \$786.11 9.27%
1983 \$822.22 4.59%
1984 \$852.78 3.72%
1985 \$890.28 4.40%
1986 \$927.78 4.21%
1987 \$966.67 4.19%
1988 \$1,004.17 3.88%
1989 \$1,056.94 5.26%
1990 \$1,109.72 4.99%
1991 \$1,151.39 3.75%
1992 \$1,176.39 2.17%
1993 \$1,195.83 1.65%
1994 \$1,198.61 0.23%
1995 \$1,219.44 1.74%
1996 \$1,245.83 2.16%
1997 \$1,255.56 0.78%
1998 \$1,268.06 1.00%
1999 \$1,301.39 2.63%
2000 \$1,343.06 3.20%
2001 \$1,352.78 0.72%
2002 \$1,404.17 3.80%
2003 \$1,433.33 2.08%
2004 \$1,463.89 2.13%
2005 \$1,494.44 2.09%
2006 \$1,519.44 1.67%
2007 \$1,555.56 2.38%
2008 \$1,573.61 1.16%
2009 \$1,594.44 1.32%
2010 \$1,631.94 2.35%
2011 \$1,669.44 2.30%
2012 \$1,683.33 0.83%
2013 \$1,704.17 1.24%
2014 \$1,729.17 1.47%
2015 \$1,756.94 1.61%
2016 \$1,783.33 1.50%
2017 \$1,811.11 1.56%
2018 \$1,816.67 0.31%
2019 \$1,852.78 1.99%
2020 \$1,894.44 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 61 more rows

This conversion table shows various other 1916 amounts in 1983 dollars, based on the 722.22% change in prices:

Conversion Table: Value of a dollar in 1983
Initial value Equivalent value
\$1 dollar in 1916 \$8.22 dollars in 1983
\$5 dollars in 1916 \$41.11 dollars in 1983
\$10 dollars in 1916 \$82.22 dollars in 1983
\$50 dollars in 1916 \$411.11 dollars in 1983
\$100 dollars in 1916 \$822.22 dollars in 1983
\$500 dollars in 1916 \$4,111.11 dollars in 1983
\$1,000 dollars in 1916 \$8,222.22 dollars in 1983
\$5,000 dollars in 1916 \$41,111.11 dollars in 1983
\$10,000 dollars in 1916 \$82,222.22 dollars in 1983
\$50,000 dollars in 1916 \$411,111.11 dollars in 1983
\$100,000 dollars in 1916 \$822,222.22 dollars in 1983
\$500,000 dollars in 1916 \$4,111,111.11 dollars in 1983
\$1,000,000 dollars in 1916 \$8,222,222.22 dollars in 1983

## How to Calculate Inflation Rate for \$100, 1916 to 1983

Our calculations use the following inflation rate formula to calculate the change in value between 1916 and 1983:

CPI in 1983 CPI in 1916
×
=

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1916 and 59.2 in 1983:

59.27.2
×
\$100
=
\$822.22

\$100 in 1916 has the same "purchasing power" or "buying power" as \$822.22 in 1983.

To get the total inflation rate for the 67 years between 1916 and 1983, we use the following formula:

CPI in 1983 - CPI in 1916CPI in 1916
×
100
=
Cumulative inflation rate (67 years)

Plugging in the values to this equation, we get:

59.2 - 7.27.2
×
100
=
722%

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

• Ottoman forces successfully defend access to Constantinople, leading to ANZAC forces withdrawal from the Gallipoli Peninsula.
• An estimated 1 million men are killed during the Battle of Verdun.
• The Easter Rising ends after Irish republicans abandon the post office in Dublin and surrenders.
• Tanks known as 'Little Willies' are used for the first time at the Battle of the Somme.
• The first aerial combat in France is won by Manfred von Richthofen, known as The Red Baron, German Luftstreitkrafte flying ace.

## 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: “1916 dollars in 1983 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Aug. 2020, https://www.officialdata.org/1916-CAD-in-1983.

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.