$100 in 1920 is worth $921.43 in 2003

Value of $100 from 1920 to 2003

According to Statistics Canada consumer price index, prices in 2003 are 821.43% higher than average prices since 1920. The Canadian dollar experienced an average inflation rate of 2.71% 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 $921.43 in 2003, a difference of $821.43 over 83 years.

The 1920 inflation rate was 9.80%. The inflation rate in 2003 was 2.08%. The 2003 inflation rate is higher compared to the average inflation rate of 1.65% per year between 2003 and 2020.


Inflation from 1920 to 2003
Cumulative price change 821.43%
Average inflation rate 2.71%
Converted amount ($100 base) $921.43
Price difference ($100 base) $821.43
CPI in 1920 11.200
CPI in 2003 103.200
Inflation in 1920 9.80%
Inflation in 2003 2.08%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI
Download

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 $921.43 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $921.43 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 83 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: 1920-2003
Year Dollar Value Inflation Rate
1920 $100.00 9.80%
1921 $83.93 -16.07%
1922 $82.14 -2.13%
1923 $82.14 0.00%
1924 $81.25 -1.09%
1925 $83.04 2.20%
1926 $82.14 -1.08%
1927 $81.25 -1.09%
1928 $82.14 1.10%
1929 $83.93 2.17%
1930 $78.57 -6.38%
1931 $70.54 -10.23%
1932 $65.18 -7.59%
1933 $63.39 -2.74%
1934 $64.29 1.41%
1935 $66.07 2.78%
1936 $66.96 1.35%
1937 $69.64 4.00%
1938 $67.86 -2.56%
1939 $69.64 2.63%
1940 $73.21 5.13%
1941 $77.68 6.10%
1942 $80.36 3.45%
1943 $82.14 2.22%
1944 $80.36 -2.17%
1945 $82.14 2.22%
1946 $86.61 5.43%
1947 $99.11 14.43%
1948 $108.04 9.01%
1949 $108.93 0.83%
1950 $115.18 5.74%
1951 $127.68 10.85%
1952 $125.89 -1.40%
1953 $125.89 0.00%
1954 $125.89 0.00%
1955 $126.79 0.71%
1956 $130.36 2.82%
1957 $133.04 2.05%
1958 $136.61 2.68%
1959 $138.39 1.31%
1960 $140.18 1.29%
1961 $140.18 0.00%
1962 $142.86 1.91%
1963 $145.54 1.88%
1964 $148.21 1.84%
1965 $152.68 3.01%
1966 $158.04 3.51%
1967 $164.29 3.95%
1968 $171.43 4.35%
1969 $179.46 4.69%
1970 $181.25 1.00%
1971 $190.18 4.93%
1972 $200.00 5.16%
1973 $218.75 9.38%
1974 $246.43 12.65%
1975 $269.64 9.42%
1976 $284.82 5.63%
1977 $311.61 9.40%
1978 $338.39 8.60%
1979 $371.43 9.76%
1980 $412.50 11.06%
1981 $462.50 12.12%
1982 $505.36 9.27%
1983 $528.57 4.59%
1984 $548.21 3.72%
1985 $572.32 4.40%
1986 $596.43 4.21%
1987 $621.43 4.19%
1988 $645.54 3.88%
1989 $679.46 5.26%
1990 $713.39 4.99%
1991 $740.18 3.75%
1992 $756.25 2.17%
1993 $768.75 1.65%
1994 $770.54 0.23%
1995 $783.93 1.74%
1996 $800.89 2.16%
1997 $807.14 0.78%
1998 $815.18 1.00%
1999 $836.61 2.63%
2000 $863.39 3.20%
2001 $869.64 0.72%
2002 $902.68 3.80%
2003 $921.43 2.08%
2004 $941.07 2.13%
2005 $960.71 2.09%
2006 $976.79 1.67%
2007 $1,000.00 2.38%
2008 $1,011.61 1.16%
2009 $1,025.00 1.32%
2010 $1,049.11 2.35%
2011 $1,073.21 2.30%
2012 $1,082.14 0.83%
2013 $1,095.54 1.24%
2014 $1,111.61 1.47%
2015 $1,129.46 1.61%
2016 $1,146.43 1.50%
2017 $1,164.29 1.56%
2018 $1,167.86 0.31%
2019 $1,191.07 1.99%
2020 $1,217.86 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 77 more rows

This conversion table shows various other 1920 amounts in 2003 dollars, based on the 821.43% change in prices:

Conversion Table: Value of a dollar in 2003
Initial value Equivalent value
$1 dollar in 1920 $9.21 dollars in 2003
$5 dollars in 1920 $46.07 dollars in 2003
$10 dollars in 1920 $92.14 dollars in 2003
$50 dollars in 1920 $460.71 dollars in 2003
$100 dollars in 1920 $921.43 dollars in 2003
$500 dollars in 1920 $4,607.14 dollars in 2003
$1,000 dollars in 1920 $9,214.29 dollars in 2003
$5,000 dollars in 1920 $46,071.43 dollars in 2003
$10,000 dollars in 1920 $92,142.86 dollars in 2003
$50,000 dollars in 1920 $460,714.29 dollars in 2003
$100,000 dollars in 1920 $921,428.57 dollars in 2003
$500,000 dollars in 1920 $4,607,142.86 dollars in 2003
$1,000,000 dollars in 1920 $9,214,285.71 dollars in 2003

How to Calculate Inflation Rate for $100, 1920 to 2003

Our calculations use the following inflation rate formula to calculate the change in value between 1920 and 2003:

CPI in 2003 CPI in 1920
×
1920 CAD value
=
2003 CAD value

Then plug in historical CPI values. The Canadian CPI was 11.2 in the year 1920 and 103.2 in 2003:

103.211.2
×
$100
=
$921.43

$100 in 1920 has the same "purchasing power" or "buying power" as $921.43 in 2003.

To get the total inflation rate for the 83 years between 1920 and 2003, we use the following formula:

CPI in 2003 - CPI in 1920CPI in 1920
×
100
=
Cumulative inflation rate (83 years)

Plugging in the values to this equation, we get:

103.2 - 11.211.2
×
100
=
821%

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: “$100 in 1920 → 2003 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 May. 2020, https://www.officialdata.org/1920-CAD-in-2003?amount=100.

Special thanks to QuickChart for providing downloadable chart images.

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


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1920 to 2003
Cumulative price change 821.43%
Average inflation rate 2.71%
Converted amount ($100 base) $921.43
Price difference ($100 base) $821.43
CPI in 1920 11.200
CPI in 2003 103.200
Inflation in 1920 9.80%
Inflation in 2003 2.08%