$100 in 1928 is worth $1,125.00 in 2003

Value of $100 from 1928 to 2003

$100 in 1928 is equivalent in purchasing power to about $1,125.00 in 2003, an increase of $1,025.00 over 75 years. The dollar had an average inflation rate of 3.28% per year between 1928 and 2003, producing a cumulative price increase of 1,025.00%.

This means that prices in 2003 are 11.25 times as high as average prices since 1928, according to Statistics Canada consumer price index.

The inflation rate in 1928 was 0.74%. The inflation rate in 2003 was 2.76%. The 2003 inflation rate is higher compared to the average inflation rate of 2.09% per year between 2003 and 2024.


Inflation from 1928 to 2003
Cumulative price change1,025.00%
Average inflation rate3.28%
Converted amount
$100 base
$1,125.00
Price difference
$100 base
$1,025.00
CPI in 19289.133
CPI in 2003102.750
Inflation in 19280.74%
Inflation in 20032.76%
$100 in 1928$1,125.00 in 2003

CAD inflation since 1928
Annual Rate, Statistics Canada CPI
Download

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 $1,125.00 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,125.00 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 is worth less over 75 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: 1928-2003
YearDollar ValueInflation Rate
1928$100.000.74%
1929$101.001.00%
1930$100.00-0.99%
1931$90.15-9.85%
1932$81.66-9.41%
1933$78.10-4.36%
1934$79.011.17%
1935$79.380.46%
1936$81.022.07%
1937$83.943.60%
1938$84.400.54%
1939$83.76-0.76%
1940$87.324.25%
1941$92.525.96%
1942$96.814.64%
1943$98.912.17%
1944$99.540.65%
1945$100.180.64%
1946$103.283.10%
1947$112.599.01%
1948$128.6514.26%
1949$133.123.48%
1950$136.682.67%
1951$151.0910.55%
1952$155.022.60%
1953$153.47-1.00%
1954$154.470.65%
1955$154.740.18%
1956$156.841.36%
1957$162.043.32%
1958$165.882.36%
1959$167.881.21%
1960$170.161.36%
1961$171.901.02%
1962$173.721.06%
1963$176.551.63%
1964$179.931.91%
1965$184.122.33%
1966$191.153.82%
1967$197.993.58%
1968$206.024.06%
1969$215.424.56%
1970$222.633.35%
1971$228.652.70%
1972$240.054.99%
1973$258.037.49%
1974$286.4111.00%
1975$316.9710.67%
1976$340.887.54%
1977$368.077.98%
1978$401.098.97%
1979$437.779.14%
1980$482.1210.13%
1981$542.2412.47%
1982$600.6410.77%
1983$635.865.86%
1984$663.234.30%
1985$689.513.96%
1986$718.434.19%
1987$749.734.36%
1988$779.934.03%
1989$818.804.98%
1990$857.944.78%
1991$906.205.63%
1992$919.711.49%
1993$936.861.87%
1994$938.410.17%
1995$958.582.15%
1996$973.631.57%
1997$989.421.62%
1998$999.271.00%
1999$1,016.611.73%
2000$1,044.252.72%
2001$1,070.622.53%
2002$1,094.802.26%
2003$1,125.002.76%
2004$1,145.891.86%
2005$1,171.262.21%
2006$1,194.712.00%
2007$1,220.262.14%
2008$1,249.182.37%
2009$1,252.920.30%
2010$1,275.181.78%
2011$1,312.322.91%
2012$1,332.211.52%
2013$1,344.710.94%
2014$1,370.351.91%
2015$1,385.771.13%
2016$1,405.571.43%
2017$1,428.011.60%
2018$1,460.402.27%
2019$1,488.871.95%
2020$1,499.540.72%
2021$1,550.463.40%
2022$1,655.936.80%
2023$1,718.983.81%
2024$1,738.691.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 69 more rows

This conversion table shows various other 1928 amounts in 2003 dollars, based on the 1,025.00% change in prices:

Conversion: 1928 dollars in 2003
Initial valueEquivalent value
$1 dollar in 1928$11.25 dollars in 2003
$5 dollars in 1928$56.25 dollars in 2003
$10 dollars in 1928$112.50 dollars in 2003
$50 dollars in 1928$562.50 dollars in 2003
$100 dollars in 1928$1,125.00 dollars in 2003
$500 dollars in 1928$5,625.00 dollars in 2003
$1,000 dollars in 1928$11,250.00 dollars in 2003
$5,000 dollars in 1928$56,250.00 dollars in 2003
$10,000 dollars in 1928$112,500.00 dollars in 2003
$50,000 dollars in 1928$562,500.00 dollars in 2003
$100,000 dollars in 1928$1,125,000.00 dollars in 2003
$500,000 dollars in 1928$5,625,000.00 dollars in 2003
$1,000,000 dollars in 1928$11,250,000.00 dollars in 2003

How to calculate inflation rate for $100, 1928 to 2003

Our calculations use the following inflation rate formula to calculate the change in value between 1928 and 2003:

CPI in 2003 CPI in 1928
×
1928 CAD value
=
2003 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.133333333 in the year 1928 and 102.75 in 2003:

102.759.133333333
×
$100
=
$1,125.00

$100 in 1928 has the same "purchasing power" or "buying power" as $1,125.00 in 2003.

To get the total inflation rate for the 75 years between 1928 and 2003, we use the following formula:

CPI in 2003 - CPI in 1928CPI in 1928
×
100
=
Cumulative inflation rate (75 years)

Plugging in the values to this equation, we get:

102.75 - 9.1333333339.133333333
×
100
=
1,025%

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 2003 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Mar. 2024, https://www.officialdata.org/1928-CAD-in-2003.

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 1928 to 2003
Cumulative price change1,025.00%
Average inflation rate3.28%
Converted amount
$100 base
$1,125.00
Price difference
$100 base
$1,025.00
CPI in 19289.133
CPI in 2003102.750
Inflation in 19280.74%
Inflation in 20032.76%
$100 in 1928$1,125.00 in 2003