\$100 in 1919 is worth \$895.10 in 1998

\$

Value of \$100 from 1919 to 1998

According to Statistics Canada consumer price index, prices in 1998 are 795.10% higher than average prices since 1919. The Canadian dollar experienced an average inflation rate of 2.81% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1919 is equivalent in purchasing power to about \$895.10 in 1998, a difference of \$795.10 over 79 years.

The 1919 inflation rate was 8.51%. The inflation rate in 1998 was 1.00%. The 1998 inflation rate is lower compared to the average inflation rate of 1.84% per year between 1998 and 2020.

 Cumulative price change 795.10% Average inflation rate 2.81% Converted amount (\$100 base) \$895.10 Price difference (\$100 base) \$795.10 CPI in 1919 10.200 CPI in 1998 91.300 Inflation in 1919 8.51% Inflation in 1998 1.00%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

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 \$895.10 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$895.10 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 is worth less over 79 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: 1919-1998
Year Dollar Value Inflation Rate
1919 \$100.00 8.51%
1920 \$109.80 9.80%
1921 \$92.16 -16.07%
1922 \$90.20 -2.13%
1923 \$90.20 0.00%
1924 \$89.22 -1.09%
1925 \$91.18 2.20%
1926 \$90.20 -1.08%
1927 \$89.22 -1.09%
1928 \$90.20 1.10%
1929 \$92.16 2.17%
1930 \$86.27 -6.38%
1931 \$77.45 -10.23%
1932 \$71.57 -7.59%
1933 \$69.61 -2.74%
1934 \$70.59 1.41%
1935 \$72.55 2.78%
1936 \$73.53 1.35%
1937 \$76.47 4.00%
1938 \$74.51 -2.56%
1939 \$76.47 2.63%
1940 \$80.39 5.13%
1941 \$85.29 6.10%
1942 \$88.24 3.45%
1943 \$90.20 2.22%
1944 \$88.24 -2.17%
1945 \$90.20 2.22%
1946 \$95.10 5.43%
1947 \$108.82 14.43%
1948 \$118.63 9.01%
1949 \$119.61 0.83%
1950 \$126.47 5.74%
1951 \$140.20 10.85%
1952 \$138.24 -1.40%
1953 \$138.24 0.00%
1954 \$138.24 0.00%
1955 \$139.22 0.71%
1956 \$143.14 2.82%
1957 \$146.08 2.05%
1958 \$150.00 2.68%
1959 \$151.96 1.31%
1960 \$153.92 1.29%
1961 \$153.92 0.00%
1962 \$156.86 1.91%
1963 \$159.80 1.88%
1964 \$162.75 1.84%
1965 \$167.65 3.01%
1966 \$173.53 3.51%
1967 \$180.39 3.95%
1968 \$188.24 4.35%
1969 \$197.06 4.69%
1970 \$199.02 1.00%
1971 \$208.82 4.93%
1972 \$219.61 5.16%
1973 \$240.20 9.38%
1974 \$270.59 12.65%
1975 \$296.08 9.42%
1976 \$312.75 5.63%
1977 \$342.16 9.40%
1978 \$371.57 8.60%
1979 \$407.84 9.76%
1980 \$452.94 11.06%
1981 \$507.84 12.12%
1982 \$554.90 9.27%
1983 \$580.39 4.59%
1984 \$601.96 3.72%
1985 \$628.43 4.40%
1986 \$654.90 4.21%
1987 \$682.35 4.19%
1988 \$708.82 3.88%
1989 \$746.08 5.26%
1990 \$783.33 4.99%
1991 \$812.75 3.75%
1992 \$830.39 2.17%
1993 \$844.12 1.65%
1994 \$846.08 0.23%
1995 \$860.78 1.74%
1996 \$879.41 2.16%
1997 \$886.27 0.78%
1998 \$895.10 1.00%
1999 \$918.63 2.63%
2000 \$948.04 3.20%
2001 \$954.90 0.72%
2002 \$991.18 3.80%
2003 \$1,011.76 2.08%
2004 \$1,033.33 2.13%
2005 \$1,054.90 2.09%
2006 \$1,072.55 1.67%
2007 \$1,098.04 2.38%
2008 \$1,110.78 1.16%
2009 \$1,125.49 1.32%
2010 \$1,151.96 2.35%
2011 \$1,178.43 2.30%
2012 \$1,188.24 0.83%
2013 \$1,202.94 1.24%
2014 \$1,220.59 1.47%
2015 \$1,240.20 1.61%
2016 \$1,258.82 1.50%
2017 \$1,278.43 1.56%
2018 \$1,282.35 0.31%
2019 \$1,307.84 1.99%
2020 \$1,337.25 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 73 more rows

This conversion table shows various other 1919 amounts in 1998 dollars, based on the 795.10% change in prices:

Conversion Table: Value of a dollar in 1998
Initial value Equivalent value
\$1 dollar in 1919 \$8.95 dollars in 1998
\$5 dollars in 1919 \$44.75 dollars in 1998
\$10 dollars in 1919 \$89.51 dollars in 1998
\$50 dollars in 1919 \$447.55 dollars in 1998
\$100 dollars in 1919 \$895.10 dollars in 1998
\$500 dollars in 1919 \$4,475.49 dollars in 1998
\$1,000 dollars in 1919 \$8,950.98 dollars in 1998
\$5,000 dollars in 1919 \$44,754.90 dollars in 1998
\$10,000 dollars in 1919 \$89,509.80 dollars in 1998
\$50,000 dollars in 1919 \$447,549.02 dollars in 1998
\$100,000 dollars in 1919 \$895,098.04 dollars in 1998
\$500,000 dollars in 1919 \$4,475,490.20 dollars in 1998
\$1,000,000 dollars in 1919 \$8,950,980.39 dollars in 1998

How to Calculate Inflation Rate for \$100, 1919 to 1998

Our calculations use the following inflation rate formula to calculate the change in value between 1919 and 1998:

CPI in 1998 CPI in 1919
×
=

Then plug in historical CPI values. The Canadian CPI was 10.2 in the year 1919 and 91.3 in 1998:

91.310.2
×
\$100
=
\$895.10

\$100 in 1919 has the same "purchasing power" or "buying power" as \$895.10 in 1998.

To get the total inflation rate for the 79 years between 1919 and 1998, we use the following formula:

CPI in 1998 - CPI in 1919CPI in 1919
×
100
=
Cumulative inflation rate (79 years)

Plugging in the values to this equation, we get:

91.3 - 10.210.2
×
100
=
795%

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 1998 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Aug. 2020, https://www.officialdata.org/1919-CAD-in-1998.

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.