# \$100 in 1923 is worth \$868.48 in 1990

\$

## Value of \$100 from 1923 to 1990

\$100 in 1923 is equivalent in purchasing power to about \$868.48 in 1990, an increase of \$768.48 over 67 years. The dollar had an average inflation rate of 3.28% per year between 1923 and 1990, producing a cumulative price increase of 768.48%.

This means that prices in 1990 are 8.68 times higher than average prices since 1923, according to Statistics Canada consumer price index.

The 1923 inflation rate was 0.00%. The inflation rate in 1990 was 4.99%. The 1990 inflation rate is higher compared to the average inflation rate of 1.76% per year between 1990 and 2021.

 Cumulative price change 768.48% Average inflation rate 3.28% Converted amount (\$100 base) \$868.48 Price difference (\$100 base) \$768.48 CPI in 1923 9.200 CPI in 1990 79.900 Inflation in 1923 0.00% Inflation in 1990 4.99% \$100 in 1923 \$868.48 in 1990

## Buying power of \$100 in 1923

This chart shows a calculation of buying power equivalence for \$100 in 1923 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$868.48 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$868.48 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 1923 dollars, the chart below shows how \$100 is worth less over 67 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: 1923-1990
Year Dollar Value Inflation Rate
1923 \$100.00 -
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 61 more rows

This conversion table shows various other 1923 amounts in 1990 dollars, based on the 768.48% change in prices:

Conversion: 1923 dollars in 1990
Initial value Equivalent value
\$1 dollar in 1923 \$8.68 dollars in 1990
\$5 dollars in 1923 \$43.42 dollars in 1990
\$10 dollars in 1923 \$86.85 dollars in 1990
\$50 dollars in 1923 \$434.24 dollars in 1990
\$100 dollars in 1923 \$868.48 dollars in 1990
\$500 dollars in 1923 \$4,342.39 dollars in 1990
\$1,000 dollars in 1923 \$8,684.78 dollars in 1990
\$5,000 dollars in 1923 \$43,423.91 dollars in 1990
\$10,000 dollars in 1923 \$86,847.83 dollars in 1990
\$50,000 dollars in 1923 \$434,239.13 dollars in 1990
\$100,000 dollars in 1923 \$868,478.26 dollars in 1990
\$500,000 dollars in 1923 \$4,342,391.30 dollars in 1990
\$1,000,000 dollars in 1923 \$8,684,782.61 dollars in 1990

## How to Calculate Inflation Rate for \$100, 1923 to 1990

Our calculations use the following inflation rate formula to calculate the change in value between 1923 and 1990:

CPI in 1990 CPI in 1923
×
=

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1923 and 79.9 in 1990:

79.99.2
×
\$100
=
\$868.48

\$100 in 1923 has the same "purchasing power" or "buying power" as \$868.48 in 1990.

To get the total inflation rate for the 67 years between 1923 and 1990, we use the following formula:

CPI in 1990 - CPI in 1923CPI in 1923
×
100
=
Cumulative inflation rate (67 years)

Plugging in the values to this equation, we get:

79.9 - 9.29.2
×
100
=
768%

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

• The inner burial chamber of the Pharaoh Tutankhamun's tomb is opened, leading to the finding of the sarcophagus by Howard Carter.
• The Disney Brothers Cartoon Studio is founded.
• Lenin's "Political Testament" is issued which calls for Stalin's removal.
• In Germany, 5,000 storm troopers demonstrate against the 'November crime', Hitler is arrested after seeking to take advantage of the chaotic conditions.

## 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: “1923 dollars in 1990 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jul. 2021, https://www.officialdata.org/1923-CAD-in-1990.

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.