$100 in 1929 is worth $1,134.51 in 2004

Value of $100 from 1929 to 2004

$100 in 1929 is equivalent in purchasing power to about $1,134.51 in 2004, an increase of $1,034.51 over 75 years. The dollar had an average inflation rate of 3.29% per year between 1929 and 2004, producing a cumulative price increase of 1,034.51%.

This means that prices in 2004 are 11.35 times as high as average prices since 1929, according to Statistics Canada consumer price index.

The inflation rate in 1929 was 1.00%. The inflation rate in 2004 was 1.86%. The 2004 inflation rate is lower compared to the average inflation rate of 2.11% per year between 2004 and 2024.


Inflation from 1929 to 2004
Cumulative price change1,034.51%
Average inflation rate3.29%
Converted amount
$100 base
$1,134.51
Price difference
$100 base
$1,034.51
CPI in 19299.225
CPI in 2004104.658
Inflation in 19291.00%
Inflation in 20041.86%
$100 in 1929$1,134.51 in 2004

CAD inflation since 1929
Annual Rate, Statistics Canada CPI
Download

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 $1,134.51 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,134.51 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 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: 1929-2004
YearDollar ValueInflation Rate
1929$100.001.00%
1930$99.01-0.99%
1931$89.25-9.85%
1932$80.85-9.41%
1933$77.33-4.36%
1934$78.231.17%
1935$78.590.46%
1936$80.222.07%
1937$83.113.60%
1938$83.560.54%
1939$82.93-0.76%
1940$86.454.25%
1941$91.605.96%
1942$95.844.64%
1943$97.922.17%
1944$98.550.65%
1945$99.190.64%
1946$102.263.10%
1947$111.479.01%
1948$127.3714.26%
1949$131.803.48%
1950$135.322.67%
1951$149.5910.55%
1952$153.482.60%
1953$151.94-1.00%
1954$152.940.65%
1955$153.210.18%
1956$155.281.36%
1957$160.433.32%
1958$164.232.36%
1959$166.211.21%
1960$168.471.36%
1961$170.191.02%
1962$172.001.06%
1963$174.801.63%
1964$178.141.91%
1965$182.292.33%
1966$189.253.82%
1967$196.033.58%
1968$203.974.06%
1969$213.284.56%
1970$220.423.35%
1971$226.382.70%
1972$237.674.99%
1973$255.477.49%
1974$283.5611.00%
1975$313.8210.67%
1976$337.497.54%
1977$364.417.98%
1978$397.118.97%
1979$433.429.14%
1980$477.3310.13%
1981$536.8612.47%
1982$594.6710.77%
1983$629.545.86%
1984$656.644.30%
1985$682.663.96%
1986$711.294.19%
1987$742.284.36%
1988$772.184.03%
1989$810.664.98%
1990$849.414.78%
1991$897.205.63%
1992$910.571.49%
1993$927.551.87%
1994$929.090.17%
1995$949.052.15%
1996$963.961.57%
1997$979.581.62%
1998$989.341.00%
1999$1,006.501.73%
2000$1,033.882.72%
2001$1,059.982.53%
2002$1,083.922.26%
2003$1,113.822.76%
2004$1,134.511.86%
2005$1,159.622.21%
2006$1,182.842.00%
2007$1,208.132.14%
2008$1,236.772.37%
2009$1,240.470.30%
2010$1,262.511.78%
2011$1,299.282.91%
2012$1,318.971.52%
2013$1,331.350.94%
2014$1,356.731.91%
2015$1,372.001.13%
2016$1,391.601.43%
2017$1,413.821.60%
2018$1,445.892.27%
2019$1,474.071.95%
2020$1,484.640.72%
2021$1,535.053.40%
2022$1,639.486.80%
2023$1,701.903.81%
2024$1,721.411.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
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This conversion table shows various other 1929 amounts in 2004 dollars, based on the 1,034.51% change in prices:

Conversion: 1929 dollars in 2004
Initial valueEquivalent value
$1 dollar in 1929$11.35 dollars in 2004
$5 dollars in 1929$56.73 dollars in 2004
$10 dollars in 1929$113.45 dollars in 2004
$50 dollars in 1929$567.25 dollars in 2004
$100 dollars in 1929$1,134.51 dollars in 2004
$500 dollars in 1929$5,672.54 dollars in 2004
$1,000 dollars in 1929$11,345.08 dollars in 2004
$5,000 dollars in 1929$56,725.38 dollars in 2004
$10,000 dollars in 1929$113,450.77 dollars in 2004
$50,000 dollars in 1929$567,253.84 dollars in 2004
$100,000 dollars in 1929$1,134,507.68 dollars in 2004
$500,000 dollars in 1929$5,672,538.39 dollars in 2004
$1,000,000 dollars in 1929$11,345,076.78 dollars in 2004

How to calculate inflation rate for $100, 1929 to 2004

Our calculations use the following inflation rate formula to calculate the change in value between 1929 and 2004:

CPI in 2004 CPI in 1929
×
1929 CAD value
=
2004 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.225 in the year 1929 and 104.6583333 in 2004:

104.65833339.225
×
$100
=
$1,134.51

$100 in 1929 has the same "purchasing power" or "buying power" as $1,134.51 in 2004.

To get the total inflation rate for the 75 years between 1929 and 2004, we use the following formula:

CPI in 2004 - CPI in 1929CPI in 1929
×
100
=
Cumulative inflation rate (75 years)

Plugging in the values to this equation, we get:

104.6583333 - 9.2259.225
×
100
=
1,035%

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 2004 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1929-CAD-in-2004.

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 1929 to 2004
Cumulative price change1,034.51%
Average inflation rate3.29%
Converted amount
$100 base
$1,134.51
Price difference
$100 base
$1,034.51
CPI in 19299.225
CPI in 2004104.658
Inflation in 19291.00%
Inflation in 20041.86%
$100 in 1929$1,134.51 in 2004