# \$100 in 1916 is worth \$1,704.17 in 2013

\$

## Value of \$100 from 1916 to 2013

\$100 in 1916 is equivalent in purchasing power to about \$1,704.17 in 2013, an increase of \$1,604.17 over 97 years. The dollar had an average inflation rate of 2.97% per year between 1916 and 2013, producing a cumulative price increase of 1,604.17%.

This means that prices in 2013 are 17.04 times higher than average prices since 1916, according to Statistics Canada consumer price index.

The 1916 inflation rate was 14.29%. The inflation rate in 2013 was 1.24%. The 2013 inflation rate is lower compared to the average inflation rate of 1.42% per year between 2013 and 2021.

 Cumulative price change 1,604.17% Average inflation rate 2.97% Converted amount (\$100 base) \$1,704.17 Price difference (\$100 base) \$1,604.17 CPI in 1916 7.200 CPI in 2013 122.700 Inflation in 1916 14.29% Inflation in 2013 1.24% \$100 in 1916 \$1,704.17 in 2013

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

## 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 \$1,704.17 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,704.17 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 1916 dollars, the chart below shows how \$100 is worth less over 97 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: 1916-2013
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%
2021 \$1,908.33 0.73%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 91 more rows

This conversion table shows various other 1916 amounts in 2013 dollars, based on the 1,604.17% change in prices:

Conversion: 1916 dollars in 2013
Initial value Equivalent value
\$1 dollar in 1916 \$17.04 dollars in 2013
\$5 dollars in 1916 \$85.21 dollars in 2013
\$10 dollars in 1916 \$170.42 dollars in 2013
\$50 dollars in 1916 \$852.08 dollars in 2013
\$100 dollars in 1916 \$1,704.17 dollars in 2013
\$500 dollars in 1916 \$8,520.83 dollars in 2013
\$1,000 dollars in 1916 \$17,041.67 dollars in 2013
\$5,000 dollars in 1916 \$85,208.33 dollars in 2013
\$10,000 dollars in 1916 \$170,416.67 dollars in 2013
\$50,000 dollars in 1916 \$852,083.33 dollars in 2013
\$100,000 dollars in 1916 \$1,704,166.67 dollars in 2013
\$500,000 dollars in 1916 \$8,520,833.33 dollars in 2013
\$1,000,000 dollars in 1916 \$17,041,666.67 dollars in 2013

## How to Calculate Inflation Rate for \$100, 1916 to 2013

Our calculations use the following inflation rate formula to calculate the change in value between 1916 and 2013:

CPI in 2013 CPI in 1916
×
1916 CAD value
=
2013 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1916 and 122.7 in 2013:

122.77.2
×
\$100
=
\$1,704.17

\$100 in 1916 has the same "purchasing power" or "buying power" as \$1,704.17 in 2013.

To get the total inflation rate for the 97 years between 1916 and 2013, we use the following formula:

CPI in 2013 - CPI in 1916CPI in 1916
×
100
=
Cumulative inflation rate (97 years)

Plugging in the values to this equation, we get:

122.7 - 7.27.2
×
100
=
1,604%

## News headlines from 1916

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 2013 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Jul. 2021, https://www.officialdata.org/1916-CAD-in-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.

#### 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.

 Cumulative price change 1,604.17% Average inflation rate 2.97% Converted amount (\$100 base) \$1,704.17 Price difference (\$100 base) \$1,604.17 CPI in 1916 7.200 CPI in 2013 122.700 Inflation in 1916 14.29% Inflation in 2013 1.24% \$100 in 1916 \$1,704.17 in 2013