Value of $100 from 1920 to 1993
According to Statistics Canada consumer price index, prices in 1993 are 668.75% higher than average prices since 1920. The Canadian dollar experienced an average inflation rate of 2.83% per year during this period, causing the real value of a dollar to decrease.
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 1.72% per year between 1993 and 2020.
⌃
| 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% |
Buying power of $100 in 1920
This chart shows a calculation of buying power equivalence for $100 in 1920 (price index tracking began in 1914).
For example, if you started with $100, you would need to end with $768.75 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $768.75 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 1920 dollars, the chart below shows how $100 is worth less over 73 years.
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1920 amounts in 1993 dollars, based on the 668.75% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1920 | $7.69 dollars in 1993 |
| $5 dollars in 1920 | $38.44 dollars in 1993 |
| $10 dollars in 1920 | $76.88 dollars in 1993 |
| $50 dollars in 1920 | $384.38 dollars in 1993 |
| $100 dollars in 1920 | $768.75 dollars in 1993 |
| $500 dollars in 1920 | $3,843.75 dollars in 1993 |
| $1,000 dollars in 1920 | $7,687.50 dollars in 1993 |
| $5,000 dollars in 1920 | $38,437.50 dollars in 1993 |
| $10,000 dollars in 1920 | $76,875.00 dollars in 1993 |
| $50,000 dollars in 1920 | $384,375.00 dollars in 1993 |
| $100,000 dollars in 1920 | $768,750.00 dollars in 1993 |
| $500,000 dollars in 1920 | $3,843,750.00 dollars in 1993 |
| $1,000,000 dollars in 1920 | $7,687,500.00 dollars in 1993 |
How to Calculate Inflation Rate for $100, 1920 to 1993
Our calculations use the following inflation rate formula to calculate the change in value between 1920 and 1993:
CPI in 1993
CPI in 1920
×
1920 CAD value
=
1993 CAD value
Then plug in historical CPI values. The Canadian CPI was 11.2 in the year 1920 and 86.1 in 1993:
86.111.2
×
$100
=
$768.75
$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:
CPI in 1993 - CPI in 1920CPI in 1920
×
100
=
Cumulative inflation rate (73 years)
Plugging in the values to this equation, we get:
86.1 - 11.211.2
×
100
=
669%
News headlines from 1920
Politics and news often influence economic performance. Here's what was happening at the time:
- The League of Nations' first assembly takes place in Paris.
- The British Parliament passes the Fourth Home Rule Act, dividing Ireland into two parts and leading to a yearlong Anglo-Irish war in the southern counties.
- The Catholic Church canonizes Joan of Arc, formally making her a saint.
- The 19th Amendment to the constitution is ratified, granting U.S. woman suffrage for the first time.
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: “1920 dollars in 1993 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Aug. 2020, https://www.officialdata.org/1920-CAD-in-1993.
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.
| 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% |