Canada Inflation Calculator
Canadian Inflation Rate, $100 in 1919 to 1993
According to Statistics Canada consumer price index, prices in 1993 are 744.12% higher than average prices since 1919. The Canadian dollar experienced an average inflation rate of 2.92% per year during this period, meaning the real value of a dollar decreased.
In other words, $100 in 1919 is equivalent in purchasing power to about $844.12 in 1993, a difference of $744.12 over 74 years.
The 1919 inflation rate was 8.51%. The inflation rate in 1993 was 1.65%. The 1993 inflation rate is lower compared to the average inflation rate of 1.72% per year between 1993 and 2020.
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| Cumulative price change | 744.12% |
| Average inflation rate | 2.92% |
| Converted amount ($100 base) | $844.12 |
| Price difference ($100 base) | $744.12 |
| CPI in 1919 | 10.200 |
| CPI in 1993 | 86.100 |
| Inflation in 1919 | 8.51% |
| Inflation in 1993 | 1.65% |
Buying power of $100 in 1919
This chart shows a calculation of buying power equivalence for $100 in 1919 (price index tracking began in 1914).
For example, if you started with $100, you would need to end with $844.12 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $844.12 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 1919 dollars, the chart below shows how $100 buys less over the past 74 years.
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for $100, 1919 to 1993
This inflation calculator uses the following inflation rate formula:
CPI in 1993CPI in 1919
×
1919 CAD value
=
1993 CAD value
Then plug in historical CPI values. The Canadian CPI was 10.2 in the year 1919 and 86.1 in 1993:
86.110.2
×
$100
=
$844.12
$100 in 1919 has the same "purchasing power" or "buying power" as $844.12 in 1993.
To get the total inflation rate for the 74 years between 1919 and 1993, we use the following formula:
CPI in 1993 - CPI in 1919CPI in 1919
×
100
=
Cumulative inflation rate (74 years)
Plugging in the values to this equation, we get:
86.1 - 10.210.2
×
100
=
744%
News headlines from 1919
Politics and news often influence economic performance. Here's what was happening at the time:
- The German Farmer's Party, which would later develop into National Socialist Party, is formed.
- The Bolshevik party re-establishes the idea of a five-member Politburo at the 8th Congress of the Russian Communist Party, making it the central body of political power in the Soviet Union. Its first members were Vladimir Lenin, Leon Trotsky, Joseph Stalin, Lev Kamenev and Nikolai Krestinsky.
- The Turkish War of Independence begins after Mustafa Kemal Ataturk's lands at Samsun, on the Black Sea.
- The Treaty of Versailles is signed ending World War I and establishing the League of Nations.
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: “1919 dollars in 1993 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Jan. 2020, https://www.officialdata.org/1919-CAD-in-1993.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 744.12% |
| Average inflation rate | 2.92% |
| Converted amount ($100 base) | $844.12 |
| Price difference ($100 base) | $744.12 |
| CPI in 1919 | 10.200 |
| CPI in 1993 | 86.100 |
| Inflation in 1919 | 8.51% |
| Inflation in 1993 | 1.65% |