Value of $100 from 1921 to 2002
According to Statistics Canada consumer price index, prices in 2002 are 975.53% higher than average prices since 1921. The Canadian dollar experienced an average inflation rate of 2.98% per year during this period, causing the real value of a dollar to decrease.
In other words, $100 in 1921 is equivalent in purchasing power to about $1,075.53 in 2002, a difference of $975.53 over 81 years.
The 1921 inflation rate was -16.07%. The inflation rate in 2002 was 3.80%. The 2002 inflation rate is higher compared to the average inflation rate of 1.68% per year between 2002 and 2020.
⌃
| Cumulative price change | 975.53% |
| Average inflation rate | 2.98% |
| Converted amount ($100 base) | $1,075.53 |
| Price difference ($100 base) | $975.53 |
| CPI in 1921 | 9.400 |
| CPI in 2002 | 101.100 |
| Inflation in 1921 | -16.07% |
| Inflation in 2002 | 3.80% |
Buying power of $100 in 1921
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 $1,075.53 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $1,075.53 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 81 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 2002 dollars, based on the 975.53% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1921 | $10.76 dollars in 2002 |
| $5 dollars in 1921 | $53.78 dollars in 2002 |
| $10 dollars in 1921 | $107.55 dollars in 2002 |
| $50 dollars in 1921 | $537.77 dollars in 2002 |
| $100 dollars in 1921 | $1,075.53 dollars in 2002 |
| $500 dollars in 1921 | $5,377.66 dollars in 2002 |
| $1,000 dollars in 1921 | $10,755.32 dollars in 2002 |
| $5,000 dollars in 1921 | $53,776.60 dollars in 2002 |
| $10,000 dollars in 1921 | $107,553.19 dollars in 2002 |
| $50,000 dollars in 1921 | $537,765.96 dollars in 2002 |
| $100,000 dollars in 1921 | $1,075,531.91 dollars in 2002 |
| $500,000 dollars in 1921 | $5,377,659.57 dollars in 2002 |
| $1,000,000 dollars in 1921 | $10,755,319.15 dollars in 2002 |
How to Calculate Inflation Rate for $100, 1921 to 2002
Our calculations use the following inflation rate formula to calculate the change in value between 1921 and 2002:
CPI in 2002
CPI in 1921
×
1921 CAD value
=
2002 CAD value
Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1921 and 101.1 in 2002:
101.19.4
×
$100
=
$1,075.53
$100 in 1921 has the same "purchasing power" or "buying power" as $1,075.53 in 2002.
To get the total inflation rate for the 81 years between 1921 and 2002, we use the following formula:
CPI in 2002 - CPI in 1921CPI in 1921
×
100
=
Cumulative inflation rate (81 years)
Plugging in the values to this equation, we get:
101.1 - 9.49.4
×
100
=
976%
News headlines from 1921
Politics and news often influence economic performance. Here's what was happening at the time:
- The Chinese Communist Party is founded by Chen Duxiu.
- Alice Mary Robertson becomes the first woman to preside over the United States House of Representatives.
- Adolf Hitler is declared leader of the National Socialist German Workers Party.
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: “1921 dollars in 2002 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Jul. 2020, https://www.officialdata.org/1921-CAD-in-2002.
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 | 975.53% |
| Average inflation rate | 2.98% |
| Converted amount ($100 base) | $1,075.53 |
| Price difference ($100 base) | $975.53 |
| CPI in 1921 | 9.400 |
| CPI in 2002 | 101.100 |
| Inflation in 1921 | -16.07% |
| Inflation in 2002 | 3.80% |