Value of $100 from 1922 to 2009
According to Statistics Canada consumer price index, prices in 2009 are 1,147.83% higher than average prices since 1922. The Canadian dollar experienced an average inflation rate of 2.94% per year during this period, causing the real value of a dollar to decrease.
In other words, $100 in 1922 is equivalent in purchasing power to about $1,247.83 in 2009, a difference of $1,147.83 over 87 years.
The 1922 inflation rate was -2.13%. 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 | 1,147.83% |
| Average inflation rate | 2.94% |
| Converted amount ($100 base) | $1,247.83 |
| Price difference ($100 base) | $1,147.83 |
| CPI in 1922 | 9.200 |
| CPI in 2009 | 114.800 |
| Inflation in 1922 | -2.13% |
| Inflation in 2009 | 1.32% |
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 $1,247.83 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $1,247.83 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 87 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 1922 amounts in 2009 dollars, based on the 1,147.83% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1922 | $12.48 dollars in 2009 |
| $5 dollars in 1922 | $62.39 dollars in 2009 |
| $10 dollars in 1922 | $124.78 dollars in 2009 |
| $50 dollars in 1922 | $623.91 dollars in 2009 |
| $100 dollars in 1922 | $1,247.83 dollars in 2009 |
| $500 dollars in 1922 | $6,239.13 dollars in 2009 |
| $1,000 dollars in 1922 | $12,478.26 dollars in 2009 |
| $5,000 dollars in 1922 | $62,391.30 dollars in 2009 |
| $10,000 dollars in 1922 | $124,782.61 dollars in 2009 |
| $50,000 dollars in 1922 | $623,913.04 dollars in 2009 |
| $100,000 dollars in 1922 | $1,247,826.09 dollars in 2009 |
| $500,000 dollars in 1922 | $6,239,130.43 dollars in 2009 |
| $1,000,000 dollars in 1922 | $12,478,260.87 dollars in 2009 |
How to Calculate Inflation Rate for $100, 1922 to 2009
Our calculations use the following inflation rate formula to calculate the change in value between 1922 and 2009:
CPI in 2009
CPI in 1922
×
1922 CAD value
=
2009 CAD value
Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1922 and 114.8 in 2009:
114.89.2
×
$100
=
$1,247.83
$100 in 1922 has the same "purchasing power" or "buying power" as $1,247.83 in 2009.
To get the total inflation rate for the 87 years between 1922 and 2009, we use the following formula:
CPI in 2009 - CPI in 1922CPI in 1922
×
100
=
Cumulative inflation rate (87 years)
Plugging in the values to this equation, we get:
114.8 - 9.29.2
×
100
=
1,148%
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 2009 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 May. 2020, https://www.officialdata.org/1922-CAD-in-2009.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 1,147.83% |
| Average inflation rate | 2.94% |
| Converted amount ($100 base) | $1,247.83 |
| Price difference ($100 base) | $1,147.83 |
| CPI in 1922 | 9.200 |
| CPI in 2009 | 114.800 |
| Inflation in 1922 | -2.13% |
| Inflation in 2009 | 1.32% |
