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# \$100 in 1929 → \$740.43 in 1987

### Canadian Inflation Rate, \$100 in 1929 to 1987

According to Statistics Canada consumer price index, prices in 1987 are 640.43% higher than average prices since 1929. The Canadian dollar experienced an average inflation rate of 3.51% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1929 is equivalent in purchasing power to about \$740.43 in 1987, a difference of \$640.43 over 58 years.

The 1929 inflation rate was 2.17%. The inflation rate in 1987 was 4.19%. The 1987 inflation rate is higher compared to the average inflation rate of 2.06% per year between 1987 and 2020.

 Cumulative price change 640.43% Average inflation rate 3.51% Converted amount (\$100 base) \$740.43 Price difference (\$100 base) \$640.43 CPI in 1929 9.400 CPI in 1987 69.600 Inflation in 1929 2.17% Inflation in 1987 4.19%

### Buying power of \$100 in 1929

This chart shows a calculation of buying power equivalence for \$100 in 1929 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$740.43 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$740.43 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 1929 dollars, the chart below shows how \$100 buys less over the past 58 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
1929 \$100.00 2.17%
1930 \$93.62 -6.38%
1931 \$84.04 -10.23%
1932 \$77.66 -7.59%
1933 \$75.53 -2.74%
1934 \$76.60 1.41%
1935 \$78.72 2.78%
1936 \$79.79 1.35%
1937 \$82.98 4.00%
1938 \$80.85 -2.56%
1939 \$82.98 2.63%
1940 \$87.23 5.13%
1941 \$92.55 6.10%
1942 \$95.74 3.45%
1943 \$97.87 2.22%
1944 \$95.74 -2.17%
1945 \$97.87 2.22%
1946 \$103.19 5.43%
1947 \$118.09 14.43%
1948 \$128.72 9.01%
1949 \$129.79 0.83%
1950 \$137.23 5.74%
1951 \$152.13 10.85%
1952 \$150.00 -1.40%
1953 \$150.00 0.00%
1954 \$150.00 0.00%
1955 \$151.06 0.71%
1956 \$155.32 2.82%
1957 \$158.51 2.05%
1958 \$162.77 2.68%
1959 \$164.89 1.31%
1960 \$167.02 1.29%
1961 \$167.02 0.00%
1962 \$170.21 1.91%
1963 \$173.40 1.88%
1964 \$176.60 1.84%
1965 \$181.91 3.01%
1966 \$188.30 3.51%
1967 \$195.74 3.95%
1968 \$204.26 4.35%
1969 \$213.83 4.69%
1970 \$215.96 1.00%
1971 \$226.60 4.93%
1972 \$238.30 5.16%
1973 \$260.64 9.38%
1974 \$293.62 12.65%
1975 \$321.28 9.42%
1976 \$339.36 5.63%
1977 \$371.28 9.40%
1978 \$403.19 8.60%
1979 \$442.55 9.76%
1980 \$491.49 11.06%
1981 \$551.06 12.12%
1982 \$602.13 9.27%
1983 \$629.79 4.59%
1984 \$653.19 3.72%
1985 \$681.91 4.40%
1986 \$710.64 4.21%
1987 \$740.43 4.19%
1988 \$769.15 3.88%
1989 \$809.57 5.26%
1990 \$850.00 4.99%
1991 \$881.91 3.75%
1992 \$901.06 2.17%
1993 \$915.96 1.65%
1994 \$918.09 0.23%
1995 \$934.04 1.74%
1996 \$954.26 2.16%
1997 \$961.70 0.78%
1998 \$971.28 1.00%
1999 \$996.81 2.63%
2000 \$1,028.72 3.20%
2001 \$1,036.17 0.72%
2002 \$1,075.53 3.80%
2003 \$1,097.87 2.08%
2004 \$1,121.28 2.13%
2005 \$1,144.68 2.09%
2006 \$1,163.83 1.67%
2007 \$1,191.49 2.38%
2008 \$1,205.32 1.16%
2009 \$1,221.28 1.32%
2010 \$1,250.00 2.35%
2011 \$1,278.72 2.30%
2012 \$1,289.36 0.83%
2013 \$1,305.32 1.24%
2014 \$1,324.47 1.47%
2015 \$1,345.74 1.61%
2016 \$1,365.96 1.50%
2017 \$1,387.23 1.56%
2018 \$1,391.49 0.31%
2019 \$1,419.15 1.99%
2020 \$1,451.06 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 52 more rows

### How to Calculate Inflation Rate for \$100, 1929 to 1987

This inflation calculator uses the following inflation rate formula:

CPI in 1987CPI in 1929
×
=

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1929 and 69.6 in 1987:

69.69.4
×
\$100
=
\$740.43

\$100 in 1929 has the same "purchasing power" or "buying power" as \$740.43 in 1987.

To get the total inflation rate for the 58 years between 1929 and 1987, we use the following formula:

CPI in 1987 - CPI in 1929CPI in 1929
×
100
=
Cumulative inflation rate (58 years)

Plugging in the values to this equation, we get:

69.6 - 9.49.4
×
100
=
640%

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

• The world's smallest country, the Vatican City, is created as an enclave of Rome.
• Seven gangsters are killed in Chicago on Al Capone's orders in an event now known as St. Valentine's Day Massacre.
• A final solution of a border dispute between Chile and Peru is reached after the signing of the Treaty of Lima.
• Beginning of the Great Depression with stock market crash known as "Black Thursday".
• ‘Black Thursday’, leads to a Wall Street crash and the biggest depression in the history of the world.

### 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: “1929 dollars in 1987 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Jan. 2020, https://www.officialdata.org/1929-CAD-in-1987.