\$

# \$100 in 1922 → \$975.00 in 1996

### Canadian Inflation Rate, \$100 in 1922 to 1996

According to Statistics Canada consumer price index, prices in 1996 are 875.00% higher than average prices since 1922. The Canadian dollar experienced an average inflation rate of 3.13% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1922 is equivalent in purchasing power to about \$975.00 in 1996, a difference of \$875.00 over 74 years.

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 1.76% per year between 1996 and 2020.

 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%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

### 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 buys less over the past 74 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

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%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 68 more rows

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

This inflation calculator uses the following inflation rate formula:

CPI in 1996CPI 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%

### News headlines from 1922

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, 26 Jan. 2020, https://www.officialdata.org/1922-CAD-in-1996.

Special thanks to QuickChart for providing downloadable chart images.

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

#### 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.

 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%