Canada Inflation Calculator
Canadian Inflation Rate, $100 in 1930 to 1983
According to Statistics Canada consumer price index, prices in 1983 are 572.73% higher than average prices since 1930. The Canadian dollar experienced an average inflation rate of 3.66% per year during this period, meaning the real value of a dollar decreased.
In other words, $100 in 1930 is equivalent in purchasing power to about $672.73 in 1983, a difference of $572.73 over 53 years.
The 1930 inflation rate was -6.38%. 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 2020.
⌃
| Cumulative price change | 572.73% |
| Average inflation rate | 3.66% |
| Converted amount ($100 base) | $672.73 |
| Price difference ($100 base) | $572.73 |
| CPI in 1930 | 8.800 |
| CPI in 1983 | 59.200 |
| Inflation in 1930 | -6.38% |
| Inflation in 1983 | 4.59% |
Buying power of $100 in 1930
This chart shows a calculation of buying power equivalence for $100 in 1930 (price index tracking began in 1914).
For example, if you started with $100, you would need to end with $672.73 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $100 is equivalent to $672.73 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 1930 dollars, the chart below shows how $100 buys less over the past 53 years.
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, 1930 to 1983
This inflation calculator uses the following inflation rate formula:
CPI in 1983CPI in 1930
×
1930 CAD value
=
1983 CAD value
Then plug in historical CPI values. The Canadian CPI was 8.8 in the year 1930 and 59.2 in 1983:
59.28.8
×
$100
=
$672.73
$100 in 1930 has the same "purchasing power" or "buying power" as $672.73 in 1983.
To get the total inflation rate for the 53 years between 1930 and 1983, we use the following formula:
CPI in 1983 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (53 years)
Plugging in the values to this equation, we get:
59.2 - 8.88.8
×
100
=
573%
News headlines from 1930
Politics and news often influence economic performance. Here's what was happening at the time:
- Mohandas Gandhi protests British salt tax by a 200-mile-long walk.
- Clyde Tombaugh discovers Pluto.
- Lawrence Hyland discovers the first radar by accident.
- Roald Amundsen's leads the first expedition to reach the South Pole.
- American explorer Hiram Bingham discovers Machu Picchu.
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: “1930 dollars in 1983 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Jan. 2020, https://www.officialdata.org/1930-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 | 572.73% |
| Average inflation rate | 3.66% |
| Converted amount ($100 base) | $672.73 |
| Price difference ($100 base) | $572.73 |
| CPI in 1930 | 8.800 |
| CPI in 1983 | 59.200 |
| Inflation in 1930 | -6.38% |
| Inflation in 1983 | 4.59% |
