$100 in 1924 is worth $836.26 in 1989

Value of $100 from 1924 to 1989

According to Statistics Canada consumer price index, prices in 1989 are 736.26% higher than average prices since 1924. The Canadian dollar experienced an average inflation rate of 3.32% per year during this period, causing the real value of a dollar to decrease.

In other words, $100 in 1924 is equivalent in purchasing power to about $836.26 in 1989, a difference of $736.26 over 65 years.

The 1924 inflation rate was -1.09%. The inflation rate in 1989 was 5.26%. The 1989 inflation rate is higher compared to the average inflation rate of 1.90% per year between 1989 and 2020.


Inflation from 1924 to 1989
Cumulative price change 736.26%
Average inflation rate 3.32%
Converted amount ($100 base) $836.26
Price difference ($100 base) $736.26
CPI in 1924 9.100
CPI in 1989 76.100
Inflation in 1924 -1.09%
Inflation in 1989 5.26%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 1924

This chart shows a calculation of buying power equivalence for $100 in 1924 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $836.26 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $836.26 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 1924 dollars, the chart below shows how $100 is worth less over 65 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: 1924-1989
Year Dollar Value Inflation Rate
1924 $100.00 -1.09%
1925 $102.20 2.20%
1926 $101.10 -1.08%
1927 $100.00 -1.09%
1928 $101.10 1.10%
1929 $103.30 2.17%
1930 $96.70 -6.38%
1931 $86.81 -10.23%
1932 $80.22 -7.59%
1933 $78.02 -2.74%
1934 $79.12 1.41%
1935 $81.32 2.78%
1936 $82.42 1.35%
1937 $85.71 4.00%
1938 $83.52 -2.56%
1939 $85.71 2.63%
1940 $90.11 5.13%
1941 $95.60 6.10%
1942 $98.90 3.45%
1943 $101.10 2.22%
1944 $98.90 -2.17%
1945 $101.10 2.22%
1946 $106.59 5.43%
1947 $121.98 14.43%
1948 $132.97 9.01%
1949 $134.07 0.83%
1950 $141.76 5.74%
1951 $157.14 10.85%
1952 $154.95 -1.40%
1953 $154.95 0.00%
1954 $154.95 0.00%
1955 $156.04 0.71%
1956 $160.44 2.82%
1957 $163.74 2.05%
1958 $168.13 2.68%
1959 $170.33 1.31%
1960 $172.53 1.29%
1961 $172.53 0.00%
1962 $175.82 1.91%
1963 $179.12 1.88%
1964 $182.42 1.84%
1965 $187.91 3.01%
1966 $194.51 3.51%
1967 $202.20 3.95%
1968 $210.99 4.35%
1969 $220.88 4.69%
1970 $223.08 1.00%
1971 $234.07 4.93%
1972 $246.15 5.16%
1973 $269.23 9.38%
1974 $303.30 12.65%
1975 $331.87 9.42%
1976 $350.55 5.63%
1977 $383.52 9.40%
1978 $416.48 8.60%
1979 $457.14 9.76%
1980 $507.69 11.06%
1981 $569.23 12.12%
1982 $621.98 9.27%
1983 $650.55 4.59%
1984 $674.73 3.72%
1985 $704.40 4.40%
1986 $734.07 4.21%
1987 $764.84 4.19%
1988 $794.51 3.88%
1989 $836.26 5.26%
1990 $878.02 4.99%
1991 $910.99 3.75%
1992 $930.77 2.17%
1993 $946.15 1.65%
1994 $948.35 0.23%
1995 $964.84 1.74%
1996 $985.71 2.16%
1997 $993.41 0.78%
1998 $1,003.30 1.00%
1999 $1,029.67 2.63%
2000 $1,062.64 3.20%
2001 $1,070.33 0.72%
2002 $1,110.99 3.80%
2003 $1,134.07 2.08%
2004 $1,158.24 2.13%
2005 $1,182.42 2.09%
2006 $1,202.20 1.67%
2007 $1,230.77 2.38%
2008 $1,245.05 1.16%
2009 $1,261.54 1.32%
2010 $1,291.21 2.35%
2011 $1,320.88 2.30%
2012 $1,331.87 0.83%
2013 $1,348.35 1.24%
2014 $1,368.13 1.47%
2015 $1,390.11 1.61%
2016 $1,410.99 1.50%
2017 $1,432.97 1.56%
2018 $1,437.36 0.31%
2019 $1,465.93 1.99%
2020 $1,498.90 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 59 more rows

This conversion table shows various other 1924 amounts in 1989 dollars, based on the 736.26% change in prices:

Conversion Table: Value of a dollar in 1989
Initial value Equivalent value
$1 dollar in 1924 $8.36 dollars in 1989
$5 dollars in 1924 $41.81 dollars in 1989
$10 dollars in 1924 $83.63 dollars in 1989
$50 dollars in 1924 $418.13 dollars in 1989
$100 dollars in 1924 $836.26 dollars in 1989
$500 dollars in 1924 $4,181.32 dollars in 1989
$1,000 dollars in 1924 $8,362.64 dollars in 1989
$5,000 dollars in 1924 $41,813.19 dollars in 1989
$10,000 dollars in 1924 $83,626.37 dollars in 1989
$50,000 dollars in 1924 $418,131.87 dollars in 1989
$100,000 dollars in 1924 $836,263.74 dollars in 1989
$500,000 dollars in 1924 $4,181,318.68 dollars in 1989
$1,000,000 dollars in 1924 $8,362,637.36 dollars in 1989

How to Calculate Inflation Rate for $100, 1924 to 1989

Our calculations use the following inflation rate formula to calculate the change in value between 1924 and 1989:

CPI in 1989 CPI in 1924
×
1924 CAD value
=
1989 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.1 in the year 1924 and 76.1 in 1989:

76.19.1
×
$100
=
$836.26

$100 in 1924 has the same "purchasing power" or "buying power" as $836.26 in 1989.

To get the total inflation rate for the 65 years between 1924 and 1989, we use the following formula:

CPI in 1989 - CPI in 1924CPI in 1924
×
100
=
Cumulative inflation rate (65 years)

Plugging in the values to this equation, we get:

76.1 - 9.19.1
×
100
=
736%

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: “1924 dollars in 1989 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 Aug. 2020, https://www.officialdata.org/1924-CAD-in-1989.

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.


Ian Webster

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.

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Inflation from 1924 to 1989
Cumulative price change 736.26%
Average inflation rate 3.32%
Converted amount ($100 base) $836.26
Price difference ($100 base) $736.26
CPI in 1924 9.100
CPI in 1989 76.100
Inflation in 1924 -1.09%
Inflation in 1989 5.26%