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# \$100 in 1928 → \$502.17 in 1980

### Canadian Inflation Rate, \$100 in 1928 to 1980

According to Statistics Canada consumer price index, prices in 1980 are 402.17% higher than average prices since 1928. The Canadian dollar experienced an average inflation rate of 3.15% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1928 is equivalent in purchasing power to about \$502.17 in 1980, a difference of \$402.17 over 52 years.

The 1928 inflation rate was 1.10%. The inflation rate in 1980 was 11.06%. The 1980 inflation rate is higher compared to the average inflation rate of 2.74% per year between 1980 and 2020.

 Cumulative price change 402.17% Average inflation rate 3.15% Converted amount (\$100 base) \$502.17 Price difference (\$100 base) \$402.17 CPI in 1928 9.200 CPI in 1980 46.200 Inflation in 1928 1.10% Inflation in 1980 11.06%

### Buying power of \$100 in 1928

This chart shows a calculation of buying power equivalence for \$100 in 1928 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$502.17 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$502.17 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 1928 dollars, the chart below shows how \$100 buys less over the past 52 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
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 46 more rows

### How to Calculate Inflation Rate for \$100, 1928 to 1980

This inflation calculator uses the following inflation rate formula:

CPI in 1980CPI in 1928
×
=

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1928 and 46.2 in 1980:

46.29.2
×
\$100
=
\$502.17

\$100 in 1928 has the same "purchasing power" or "buying power" as \$502.17 in 1980.

To get the total inflation rate for the 52 years between 1928 and 1980, we use the following formula:

CPI in 1980 - CPI in 1928CPI in 1928
×
100
=
Cumulative inflation rate (52 years)

Plugging in the values to this equation, we get:

46.2 - 9.29.2
×
100
=
402%

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

• Amelia Earhart becomes the first woman to fly across the Atlantic Ocean.
• Jawaharlal Nehru requests Indian independence.
• Alexander Fleming, a Scottish bacteriologist, accidentally discovers penicillin while studying influenza.

### 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: “1928 dollars in 1980 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Jan. 2020, https://www.officialdata.org/1928-CAD-in-1980.