# \$100 in 1922 is worth \$975.00 in 1996

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## Value of \$100 from 1922 to 1996

\$100 in 1922 is equivalent in purchasing power to about \$975.00 in 1996, an increase of \$875.00 over 74 years. The dollar had an average inflation rate of 3.13% per year between 1922 and 1996, producing a cumulative price increase of 875.00%.

This means that prices in 1996 are 9.75 times higher than average prices since 1922, according to Statistics Canada consumer price index.

The 1922 inflation rate was -2.13%. The inflation rate in 1996 was 2.16%. The 1996 inflation rate is higher compared to the average inflation rate of 1.72% per year between 1996 and 2021.

 Cumulative price change 875.00% Average inflation rate 3.13% Converted amount (\$100 base) \$975.00 Price difference (\$100 base) \$875.00 CPI in 1922 9.200 CPI in 1996 89.700 Inflation in 1922 -2.13% Inflation in 1996 2.16% \$100 in 1922 \$975.00 in 1996

## Buying power of \$100 in 1922

This chart shows a calculation of buying power equivalence for \$100 in 1922 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$975.00 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$975.00 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 1922 dollars, the chart below shows how \$100 is worth less over 74 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: 1922-1996
Year Dollar Value Inflation Rate
1922 \$100.00 -2.13%
1923 \$100.00 0.00%
1924 \$98.91 -1.09%
1925 \$101.09 2.20%
1926 \$100.00 -1.08%
1927 \$98.91 -1.09%
1928 \$100.00 1.10%
1929 \$102.17 2.17%
1930 \$95.65 -6.38%
1931 \$85.87 -10.23%
1932 \$79.35 -7.59%
1933 \$77.17 -2.74%
1934 \$78.26 1.41%
1935 \$80.43 2.78%
1936 \$81.52 1.35%
1937 \$84.78 4.00%
1938 \$82.61 -2.56%
1939 \$84.78 2.63%
1940 \$89.13 5.13%
1941 \$94.57 6.10%
1942 \$97.83 3.45%
1943 \$100.00 2.22%
1944 \$97.83 -2.17%
1945 \$100.00 2.22%
1946 \$105.43 5.43%
1947 \$120.65 14.43%
1948 \$131.52 9.01%
1949 \$132.61 0.83%
1950 \$140.22 5.74%
1951 \$155.43 10.85%
1952 \$153.26 -1.40%
1953 \$153.26 0.00%
1954 \$153.26 0.00%
1955 \$154.35 0.71%
1956 \$158.70 2.82%
1957 \$161.96 2.05%
1958 \$166.30 2.68%
1959 \$168.48 1.31%
1960 \$170.65 1.29%
1961 \$170.65 0.00%
1962 \$173.91 1.91%
1963 \$177.17 1.88%
1964 \$180.43 1.84%
1965 \$185.87 3.01%
1966 \$192.39 3.51%
1967 \$200.00 3.95%
1968 \$208.70 4.35%
1969 \$218.48 4.69%
1970 \$220.65 1.00%
1971 \$231.52 4.93%
1972 \$243.48 5.16%
1973 \$266.30 9.38%
1974 \$300.00 12.65%
1975 \$328.26 9.42%
1976 \$346.74 5.63%
1977 \$379.35 9.40%
1978 \$411.96 8.60%
1979 \$452.17 9.76%
1980 \$502.17 11.06%
1981 \$563.04 12.12%
1982 \$615.22 9.27%
1983 \$643.48 4.59%
1984 \$667.39 3.72%
1985 \$696.74 4.40%
1986 \$726.09 4.21%
1987 \$756.52 4.19%
1988 \$785.87 3.88%
1989 \$827.17 5.26%
1990 \$868.48 4.99%
1991 \$901.09 3.75%
1992 \$920.65 2.17%
1993 \$935.87 1.65%
1994 \$938.04 0.23%
1995 \$954.35 1.74%
1996 \$975.00 2.16%
1997 \$982.61 0.78%
1998 \$992.39 1.00%
1999 \$1,018.48 2.63%
2000 \$1,051.09 3.20%
2001 \$1,058.70 0.72%
2002 \$1,098.91 3.80%
2003 \$1,121.74 2.08%
2004 \$1,145.65 2.13%
2005 \$1,169.57 2.09%
2006 \$1,189.13 1.67%
2007 \$1,217.39 2.38%
2008 \$1,231.52 1.16%
2009 \$1,247.83 1.32%
2010 \$1,277.17 2.35%
2011 \$1,306.52 2.30%
2012 \$1,317.39 0.83%
2013 \$1,333.70 1.24%
2014 \$1,353.26 1.47%
2015 \$1,375.00 1.61%
2016 \$1,395.65 1.50%
2017 \$1,417.39 1.56%
2018 \$1,421.74 0.31%
2019 \$1,450.00 1.99%
2020 \$1,482.61 2.25%
2021 \$1,493.48 0.73%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 68 more rows

This conversion table shows various other 1922 amounts in 1996 dollars, based on the 875.00% change in prices:

Conversion: 1922 dollars in 1996
Initial value Equivalent value
\$1 dollar in 1922 \$9.75 dollars in 1996
\$5 dollars in 1922 \$48.75 dollars in 1996
\$10 dollars in 1922 \$97.50 dollars in 1996
\$50 dollars in 1922 \$487.50 dollars in 1996
\$100 dollars in 1922 \$975.00 dollars in 1996
\$500 dollars in 1922 \$4,875.00 dollars in 1996
\$1,000 dollars in 1922 \$9,750.00 dollars in 1996
\$5,000 dollars in 1922 \$48,750.00 dollars in 1996
\$10,000 dollars in 1922 \$97,500.00 dollars in 1996
\$50,000 dollars in 1922 \$487,500.00 dollars in 1996
\$100,000 dollars in 1922 \$975,000.00 dollars in 1996
\$500,000 dollars in 1922 \$4,875,000.00 dollars in 1996
\$1,000,000 dollars in 1922 \$9,750,000.00 dollars in 1996

## How to Calculate Inflation Rate for \$100, 1922 to 1996

Our calculations use the following inflation rate formula to calculate the change in value between 1922 and 1996:

CPI in 1996 CPI in 1922
×
=

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1922 and 89.7 in 1996:

89.79.2
×
\$100
=
\$975.00

\$100 in 1922 has the same "purchasing power" or "buying power" as \$975.00 in 1996.

To get the total inflation rate for the 74 years between 1922 and 1996, we use the following formula:

CPI in 1996 - CPI in 1922CPI in 1922
×
100
=
Cumulative inflation rate (74 years)

Plugging in the values to this equation, we get:

89.7 - 9.29.2
×
100
=
875%

Politics and news often influence economic performance. Here's what was happening at the time:

• Egypt is granted independence from Great Britain.
• Mahatma Gandhi is sentenced to six years imprisonment for disobedience
• Stalin is appointed General Secretary of the Russian Communist Party.
• The Ottoman Empire's last sultan Mehmed VI is expelled to Malta on British warship.

## 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: “1922 dollars in 1996 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Jul. 2021, https://www.officialdata.org/1922-CAD-in-1996.

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.