According to Statistics Canada consumer price index, prices in 1993 are 668.75% higher than average prices throughout 1920. The dollar experienced an average inflation rate of 2.83% per year during this period, meaning the real value of a dollar decreased.
In other words, $100 in 1920 is equivalent in purchasing power to about $768.75 in 1993, a difference of $668.75 over 73 years.
The 1920 inflation rate was 9.80%. The inflation rate in 1993 was 1.65%. The 1993 inflation rate is lower compared to the average inflation rate of 1.70% per year between 1993 and 2019.
Cumulative price change | 668.75% |
Average inflation rate | 2.83% |
Converted amount ($100 base) | $768.75 |
Price difference ($100 base) | $668.75 |
CPI in 1920 | 11.200 |
CPI in 1993 | 86.100 |
Inflation in 1920 | 9.80% |
Inflation in 1993 | 1.65% |
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1920 (price index tracking began in 1914).
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 11.2 in the year 1920 and 86.1 in 1993:
$100 in 1920 has the same "purchasing power" or "buying power" as $768.75 in 1993.
To get the total inflation rate for the 73 years between 1920 and 1993, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
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: “1920 dollars in 1993 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Dec. 2019, https://www.officialdata.org/1920-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 | 668.75% |
Average inflation rate | 2.83% |
Converted amount ($100 base) | $768.75 |
Price difference ($100 base) | $668.75 |
CPI in 1920 | 11.200 |
CPI in 1993 | 86.100 |
Inflation in 1920 | 9.80% |
Inflation in 1993 | 1.65% |