\$

\$100 in 1918 → \$1,121.28 in 2004

Canadian Inflation Rate, \$100 in 1918 to 2004

According to Statistics Canada consumer price index, prices in 2004 are 1,021.28% higher than average prices since 1918. The Canadian dollar experienced an average inflation rate of 2.85% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1918 is equivalent in purchasing power to about \$1,121.28 in 2004, a difference of \$1,021.28 over 86 years.

The 1918 inflation rate was 13.25%. The inflation rate in 2004 was 2.13%. The 2004 inflation rate is higher compared to the average inflation rate of 1.62% per year between 2004 and 2020.

 Cumulative price change 1,021.28% Average inflation rate 2.85% Converted amount (\$100 base) \$1,121.28 Price difference (\$100 base) \$1,021.28 CPI in 1918 9.400 CPI in 2004 105.400 Inflation in 1918 13.25% Inflation in 2004 2.13%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

Buying power of \$100 in 1918

This chart shows a calculation of buying power equivalence for \$100 in 1918 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$1,121.28 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,121.28 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 1918 dollars, the chart below shows how \$100 buys less over the past 86 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1918 \$100.00 13.25%
1919 \$108.51 8.51%
1920 \$119.15 9.80%
1921 \$100.00 -16.07%
1922 \$97.87 -2.13%
1923 \$97.87 0.00%
1924 \$96.81 -1.09%
1925 \$98.94 2.20%
1926 \$97.87 -1.08%
1927 \$96.81 -1.09%
1928 \$97.87 1.10%
1929 \$100.00 2.17%
1930 \$93.62 -6.38%
1931 \$84.04 -10.23%
1932 \$77.66 -7.59%
1933 \$75.53 -2.74%
1934 \$76.60 1.41%
1935 \$78.72 2.78%
1936 \$79.79 1.35%
1937 \$82.98 4.00%
1938 \$80.85 -2.56%
1939 \$82.98 2.63%
1940 \$87.23 5.13%
1941 \$92.55 6.10%
1942 \$95.74 3.45%
1943 \$97.87 2.22%
1944 \$95.74 -2.17%
1945 \$97.87 2.22%
1946 \$103.19 5.43%
1947 \$118.09 14.43%
1948 \$128.72 9.01%
1949 \$129.79 0.83%
1950 \$137.23 5.74%
1951 \$152.13 10.85%
1952 \$150.00 -1.40%
1953 \$150.00 0.00%
1954 \$150.00 0.00%
1955 \$151.06 0.71%
1956 \$155.32 2.82%
1957 \$158.51 2.05%
1958 \$162.77 2.68%
1959 \$164.89 1.31%
1960 \$167.02 1.29%
1961 \$167.02 0.00%
1962 \$170.21 1.91%
1963 \$173.40 1.88%
1964 \$176.60 1.84%
1965 \$181.91 3.01%
1966 \$188.30 3.51%
1967 \$195.74 3.95%
1968 \$204.26 4.35%
1969 \$213.83 4.69%
1970 \$215.96 1.00%
1971 \$226.60 4.93%
1972 \$238.30 5.16%
1973 \$260.64 9.38%
1974 \$293.62 12.65%
1975 \$321.28 9.42%
1976 \$339.36 5.63%
1977 \$371.28 9.40%
1978 \$403.19 8.60%
1979 \$442.55 9.76%
1980 \$491.49 11.06%
1981 \$551.06 12.12%
1982 \$602.13 9.27%
1983 \$629.79 4.59%
1984 \$653.19 3.72%
1985 \$681.91 4.40%
1986 \$710.64 4.21%
1987 \$740.43 4.19%
1988 \$769.15 3.88%
1989 \$809.57 5.26%
1990 \$850.00 4.99%
1991 \$881.91 3.75%
1992 \$901.06 2.17%
1993 \$915.96 1.65%
1994 \$918.09 0.23%
1995 \$934.04 1.74%
1996 \$954.26 2.16%
1997 \$961.70 0.78%
1998 \$971.28 1.00%
1999 \$996.81 2.63%
2000 \$1,028.72 3.20%
2001 \$1,036.17 0.72%
2002 \$1,075.53 3.80%
2003 \$1,097.87 2.08%
2004 \$1,121.28 2.13%
2005 \$1,144.68 2.09%
2006 \$1,163.83 1.67%
2007 \$1,191.49 2.38%
2008 \$1,205.32 1.16%
2009 \$1,221.28 1.32%
2010 \$1,250.00 2.35%
2011 \$1,278.72 2.30%
2012 \$1,289.36 0.83%
2013 \$1,305.32 1.24%
2014 \$1,324.47 1.47%
2015 \$1,345.74 1.61%
2016 \$1,365.96 1.50%
2017 \$1,387.23 1.56%
2018 \$1,391.49 0.31%
2019 \$1,419.15 1.99%
2020 \$1,451.06 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 80 more rows

How to Calculate Inflation Rate for \$100, 1918 to 2004

This inflation calculator uses the following inflation rate formula:

CPI in 2004CPI in 1918
×
=

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1918 and 105.4 in 2004:

105.49.4
×
\$100
=
\$1,121.28

\$100 in 1918 has the same "purchasing power" or "buying power" as \$1,121.28 in 2004.

To get the total inflation rate for the 86 years between 1918 and 2004, we use the following formula:

CPI in 2004 - CPI in 1918CPI in 1918
×
100
=
Cumulative inflation rate (86 years)

Plugging in the values to this equation, we get:

105.4 - 9.49.4
×
100
=
1,021%

News headlines from 1918

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

• First recorded case of Spanish flu in Kansas, marking the beginning of a worldwide pandemic killing millions.
• The Bolshevik Party changes its name to the Communist Party.
• Moscow is declared the capital of Russia.
• Tsar Nicholas II of Russia is executed along with his family by a Bolshevik squad in Ekaterinburg.

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: “1918 dollars in 2004 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Jan. 2020, https://www.officialdata.org/1918-CAD-in-2004.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.