Canada Inflation Calculator
Canadian Inflation Rate, $100 in 1928 to 1983
According to Statistics Canada consumer price index, prices in 1983 are 543.48% higher than average prices throughout 1928. The dollar experienced an average inflation rate of 3.44% 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 $643.48 in 1983, a difference of $543.48 over 55 years.
The 1928 inflation rate was 1.10%. The inflation rate in 1983 was 4.59%. The 1983 inflation rate is higher compared to the average inflation rate of 2.28% per year between 1983 and 2019.
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| Cumulative price change | 543.48% |
| Average inflation rate | 3.44% |
| Converted amount ($100 base) | $643.48 |
| Price difference ($100 base) | $543.48 |
| CPI in 1928 | 9.200 |
| CPI in 1983 | 59.200 |
| Inflation in 1928 | 1.10% |
| Inflation in 1983 | 4.59% |
Buying power of $100 in 1928
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1928 (price index tracking began in 1914).
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for $100, 1928 to 1983
This inflation calculator uses the following inflation rate formula:
CPI in 1983CPI in 1928
×
1928 CAD value
=
1983 CAD value
Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1928 and 59.2 in 1983:
59.29.2
×
$100
=
$643.48
$100 in 1928 has the same "purchasing power" or "buying power" as $643.48 in 1983.
To get the total inflation rate for the 55 years between 1928 and 1983, we use the following formula:
CPI in 1983 - CPI in 1928CPI in 1928
×
100
=
Cumulative inflation rate (55 years)
Plugging in the values to this equation, we get:
59.2 - 9.29.2
×
100
=
543%
News headlines from 1928
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 1983 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Dec. 2019, https://www.officialdata.org/1928-CAD-in-1983.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 543.48% |
| Average inflation rate | 3.44% |
| Converted amount ($100 base) | $643.48 |
| Price difference ($100 base) | $543.48 |
| CPI in 1928 | 9.200 |
| CPI in 1983 | 59.200 |
| Inflation in 1928 | 1.10% |
| Inflation in 1983 | 4.59% |