$100 in 1921 is equivalent in purchasing power to about $857.10 in 1993, an increase of $757.10 over 72 years. The dollar had an average inflation rate of 3.03% per year between 1921 and 1993, producing a cumulative price increase of 757.10%.
This means that prices in 1993 are 8.57 times as high as average prices since 1921, according to Statistics Canada consumer price index.
The inflation rate in 1921 was -12.11%. The inflation rate in 1993 was 1.87%. The 1993 inflation rate is lower compared to the average inflation rate of 2.01% per year between 1993 and 2024.
Cumulative price change | 757.10% |
Average inflation rate | 3.03% |
Converted amount $100 base | $857.10 |
Price difference $100 base | $757.10 |
CPI in 1921 | 9.983 |
CPI in 1993 | 85.567 |
Inflation in 1921 | -12.11% |
Inflation in 1993 | 1.87% |
$100 in 1921 | $857.10 in 1993 |
This chart shows a calculation of buying power equivalence for $100 in 1921 (price index tracking began in 1914).
For example, if you started with $100, you would need to end with $857.10 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $857.10 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 1921 dollars, the chart below shows how $100 is worth less over 72 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 1921 amounts in 1993 dollars, based on the 757.10% change in prices:
Initial value | Equivalent value |
---|---|
$1 dollar in 1921 | $8.57 dollars in 1993 |
$5 dollars in 1921 | $42.85 dollars in 1993 |
$10 dollars in 1921 | $85.71 dollars in 1993 |
$50 dollars in 1921 | $428.55 dollars in 1993 |
$100 dollars in 1921 | $857.10 dollars in 1993 |
$500 dollars in 1921 | $4,285.48 dollars in 1993 |
$1,000 dollars in 1921 | $8,570.95 dollars in 1993 |
$5,000 dollars in 1921 | $42,854.76 dollars in 1993 |
$10,000 dollars in 1921 | $85,709.52 dollars in 1993 |
$50,000 dollars in 1921 | $428,547.58 dollars in 1993 |
$100,000 dollars in 1921 | $857,095.16 dollars in 1993 |
$500,000 dollars in 1921 | $4,285,475.79 dollars in 1993 |
$1,000,000 dollars in 1921 | $8,570,951.59 dollars in 1993 |
Our calculations use the following inflation rate formula to calculate the change in value between 1921 and 1993:
Then plug in historical CPI values. The Canadian CPI was 9.983333333 in the year 1921 and 85.56666667 in 1993:
$100 in 1921 has the same "purchasing power" or "buying power" as $857.10 in 1993.
To get the total inflation rate for the 72 years between 1921 and 1993, we use the following formula:
Plugging in the values to this equation, we get:
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: “1921 dollars in 1993 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Apr. 2024, https://www.officialdata.org/1921-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 | 757.10% |
Average inflation rate | 3.03% |
Converted amount $100 base | $857.10 |
Price difference $100 base | $757.10 |
CPI in 1921 | 9.983 |
CPI in 1993 | 85.567 |
Inflation in 1921 | -12.11% |
Inflation in 1993 | 1.87% |
$100 in 1921 | $857.10 in 1993 |