\$100 in 1921 is worth \$1,221.28 in 2009

\$

Value of \$100 from 1921 to 2009

According to Statistics Canada consumer price index, prices in 2009 are 1,121.28% higher than average prices since 1921. The Canadian dollar experienced an average inflation rate of 2.88% 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 \$1,221.28 in 2009, a difference of \$1,121.28 over 88 years.

The 1921 inflation rate was -16.07%. The inflation rate in 2009 was 1.32%. The 2009 inflation rate is lower compared to the average inflation rate of 1.58% per year between 2009 and 2020.

 Cumulative price change 1,121.28% Average inflation rate 2.88% Converted amount (\$100 base) \$1,221.28 Price difference (\$100 base) \$1,121.28 CPI in 1921 9.400 CPI in 2009 114.800 Inflation in 1921 -16.07% Inflation in 2009 1.32%

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 \$1,221.28 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,221.28 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 88 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: 1921-2009
Year Dollar Value Inflation Rate
1921 \$100.00 -16.07%
1922 \$97.87 -2.13%
1923 \$97.87 0.00%
1924 \$96.81 -1.09%
1925 \$98.94 2.20%
1926 \$97.87 -1.08%
1927 \$96.81 -1.09%
1928 \$97.87 1.10%
1929 \$100.00 2.17%
1930 \$93.62 -6.38%
1931 \$84.04 -10.23%
1932 \$77.66 -7.59%
1933 \$75.53 -2.74%
1934 \$76.60 1.41%
1935 \$78.72 2.78%
1936 \$79.79 1.35%
1937 \$82.98 4.00%
1938 \$80.85 -2.56%
1939 \$82.98 2.63%
1940 \$87.23 5.13%
1941 \$92.55 6.10%
1942 \$95.74 3.45%
1943 \$97.87 2.22%
1944 \$95.74 -2.17%
1945 \$97.87 2.22%
1946 \$103.19 5.43%
1947 \$118.09 14.43%
1948 \$128.72 9.01%
1949 \$129.79 0.83%
1950 \$137.23 5.74%
1951 \$152.13 10.85%
1952 \$150.00 -1.40%
1953 \$150.00 0.00%
1954 \$150.00 0.00%
1955 \$151.06 0.71%
1956 \$155.32 2.82%
1957 \$158.51 2.05%
1958 \$162.77 2.68%
1959 \$164.89 1.31%
1960 \$167.02 1.29%
1961 \$167.02 0.00%
1962 \$170.21 1.91%
1963 \$173.40 1.88%
1964 \$176.60 1.84%
1965 \$181.91 3.01%
1966 \$188.30 3.51%
1967 \$195.74 3.95%
1968 \$204.26 4.35%
1969 \$213.83 4.69%
1970 \$215.96 1.00%
1971 \$226.60 4.93%
1972 \$238.30 5.16%
1973 \$260.64 9.38%
1974 \$293.62 12.65%
1975 \$321.28 9.42%
1976 \$339.36 5.63%
1977 \$371.28 9.40%
1978 \$403.19 8.60%
1979 \$442.55 9.76%
1980 \$491.49 11.06%
1981 \$551.06 12.12%
1982 \$602.13 9.27%
1983 \$629.79 4.59%
1984 \$653.19 3.72%
1985 \$681.91 4.40%
1986 \$710.64 4.21%
1987 \$740.43 4.19%
1988 \$769.15 3.88%
1989 \$809.57 5.26%
1990 \$850.00 4.99%
1991 \$881.91 3.75%
1992 \$901.06 2.17%
1993 \$915.96 1.65%
1994 \$918.09 0.23%
1995 \$934.04 1.74%
1996 \$954.26 2.16%
1997 \$961.70 0.78%
1998 \$971.28 1.00%
1999 \$996.81 2.63%
2000 \$1,028.72 3.20%
2001 \$1,036.17 0.72%
2002 \$1,075.53 3.80%
2003 \$1,097.87 2.08%
2004 \$1,121.28 2.13%
2005 \$1,144.68 2.09%
2006 \$1,163.83 1.67%
2007 \$1,191.49 2.38%
2008 \$1,205.32 1.16%
2009 \$1,221.28 1.32%
2010 \$1,250.00 2.35%
2011 \$1,278.72 2.30%
2012 \$1,289.36 0.83%
2013 \$1,305.32 1.24%
2014 \$1,324.47 1.47%
2015 \$1,345.74 1.61%
2016 \$1,365.96 1.50%
2017 \$1,387.23 1.56%
2018 \$1,391.49 0.31%
2019 \$1,419.15 1.99%
2020 \$1,451.06 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 82 more rows

This conversion table shows various other 1921 amounts in 2009 dollars, based on the 1,121.28% change in prices:

Conversion Table: Value of a dollar in 2009
Initial value Equivalent value
\$1 dollar in 1921 \$12.21 dollars in 2009
\$5 dollars in 1921 \$61.06 dollars in 2009
\$10 dollars in 1921 \$122.13 dollars in 2009
\$50 dollars in 1921 \$610.64 dollars in 2009
\$100 dollars in 1921 \$1,221.28 dollars in 2009
\$500 dollars in 1921 \$6,106.38 dollars in 2009
\$1,000 dollars in 1921 \$12,212.77 dollars in 2009
\$5,000 dollars in 1921 \$61,063.83 dollars in 2009
\$10,000 dollars in 1921 \$122,127.66 dollars in 2009
\$50,000 dollars in 1921 \$610,638.30 dollars in 2009
\$100,000 dollars in 1921 \$1,221,276.60 dollars in 2009
\$500,000 dollars in 1921 \$6,106,382.98 dollars in 2009
\$1,000,000 dollars in 1921 \$12,212,765.96 dollars in 2009

How to Calculate Inflation Rate for \$100, 1921 to 2009

Our calculations use the following inflation rate formula to calculate the change in value between 1921 and 2009:

CPI in 2009 CPI in 1921
×
=

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1921 and 114.8 in 2009:

114.89.4
×
\$100
=
\$1,221.28

\$100 in 1921 has the same "purchasing power" or "buying power" as \$1,221.28 in 2009.

To get the total inflation rate for the 88 years between 1921 and 2009, we use the following formula:

CPI in 2009 - CPI in 1921CPI in 1921
×
100
=
Cumulative inflation rate (88 years)

Plugging in the values to this equation, we get:

114.8 - 9.49.4
×
100
=
1,121%

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 2009 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 May. 2020, https://www.officialdata.org/1921-CAD-in-2009.