# \$100 in 1930 is worth \$1,148.86 in 2002

\$

## Value of \$100 from 1930 to 2002

According to Statistics Canada consumer price index, prices in 2002 are 1,048.86% higher than average prices since 1930. The Canadian dollar experienced an average inflation rate of 3.45% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1930 is equivalent in purchasing power to about \$1,148.86 in 2002, a difference of \$1,048.86 over 72 years.

The 1930 inflation rate was -6.38%. The inflation rate in 2002 was 3.80%. The 2002 inflation rate is higher compared to the average inflation rate of 1.68% per year between 2002 and 2020.

 Cumulative price change 1,048.86% Average inflation rate 3.45% Converted amount (\$100 base) \$1,148.86 Price difference (\$100 base) \$1,048.86 CPI in 1930 8.800 CPI in 2002 101.100 Inflation in 1930 -6.38% Inflation in 2002 3.80%

## 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 \$1,148.86 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,148.86 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 is worth less over 72 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: 1930-2002
Year Dollar Value Inflation Rate
1930 \$100.00 -6.38%
1931 \$89.77 -10.23%
1932 \$82.95 -7.59%
1933 \$80.68 -2.74%
1934 \$81.82 1.41%
1935 \$84.09 2.78%
1936 \$85.23 1.35%
1937 \$88.64 4.00%
1938 \$86.36 -2.56%
1939 \$88.64 2.63%
1940 \$93.18 5.13%
1941 \$98.86 6.10%
1942 \$102.27 3.45%
1943 \$104.55 2.22%
1944 \$102.27 -2.17%
1945 \$104.55 2.22%
1946 \$110.23 5.43%
1947 \$126.14 14.43%
1948 \$137.50 9.01%
1949 \$138.64 0.83%
1950 \$146.59 5.74%
1951 \$162.50 10.85%
1952 \$160.23 -1.40%
1953 \$160.23 0.00%
1954 \$160.23 0.00%
1955 \$161.36 0.71%
1956 \$165.91 2.82%
1957 \$169.32 2.05%
1958 \$173.86 2.68%
1959 \$176.14 1.31%
1960 \$178.41 1.29%
1961 \$178.41 0.00%
1962 \$181.82 1.91%
1963 \$185.23 1.88%
1964 \$188.64 1.84%
1965 \$194.32 3.01%
1966 \$201.14 3.51%
1967 \$209.09 3.95%
1968 \$218.18 4.35%
1969 \$228.41 4.69%
1970 \$230.68 1.00%
1971 \$242.05 4.93%
1972 \$254.55 5.16%
1973 \$278.41 9.38%
1974 \$313.64 12.65%
1975 \$343.18 9.42%
1976 \$362.50 5.63%
1977 \$396.59 9.40%
1978 \$430.68 8.60%
1979 \$472.73 9.76%
1980 \$525.00 11.06%
1981 \$588.64 12.12%
1982 \$643.18 9.27%
1983 \$672.73 4.59%
1984 \$697.73 3.72%
1985 \$728.41 4.40%
1986 \$759.09 4.21%
1987 \$790.91 4.19%
1988 \$821.59 3.88%
1989 \$864.77 5.26%
1990 \$907.95 4.99%
1991 \$942.05 3.75%
1992 \$962.50 2.17%
1993 \$978.41 1.65%
1994 \$980.68 0.23%
1995 \$997.73 1.74%
1996 \$1,019.32 2.16%
1997 \$1,027.27 0.78%
1998 \$1,037.50 1.00%
1999 \$1,064.77 2.63%
2000 \$1,098.86 3.20%
2001 \$1,106.82 0.72%
2002 \$1,148.86 3.80%
2003 \$1,172.73 2.08%
2004 \$1,197.73 2.13%
2005 \$1,222.73 2.09%
2006 \$1,243.18 1.67%
2007 \$1,272.73 2.38%
2008 \$1,287.50 1.16%
2009 \$1,304.55 1.32%
2010 \$1,335.23 2.35%
2011 \$1,365.91 2.30%
2012 \$1,377.27 0.83%
2013 \$1,394.32 1.24%
2014 \$1,414.77 1.47%
2015 \$1,437.50 1.61%
2016 \$1,459.09 1.50%
2017 \$1,481.82 1.56%
2018 \$1,486.36 0.31%
2019 \$1,515.91 1.99%
2020 \$1,550.00 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 66 more rows

This conversion table shows various other 1930 amounts in 2002 dollars, based on the 1,048.86% change in prices:

Conversion Table: Value of a dollar in 2002
Initial value Equivalent value
\$1 dollar in 1930 \$11.49 dollars in 2002
\$5 dollars in 1930 \$57.44 dollars in 2002
\$10 dollars in 1930 \$114.89 dollars in 2002
\$50 dollars in 1930 \$574.43 dollars in 2002
\$100 dollars in 1930 \$1,148.86 dollars in 2002
\$500 dollars in 1930 \$5,744.32 dollars in 2002
\$1,000 dollars in 1930 \$11,488.64 dollars in 2002
\$5,000 dollars in 1930 \$57,443.18 dollars in 2002
\$10,000 dollars in 1930 \$114,886.36 dollars in 2002
\$50,000 dollars in 1930 \$574,431.82 dollars in 2002
\$100,000 dollars in 1930 \$1,148,863.64 dollars in 2002
\$500,000 dollars in 1930 \$5,744,318.18 dollars in 2002
\$1,000,000 dollars in 1930 \$11,488,636.36 dollars in 2002

## How to Calculate Inflation Rate for \$100, 1930 to 2002

Our calculations use the following inflation rate formula to calculate the change in value between 1930 and 2002:

CPI in 2002 CPI in 1930
×
=

Then plug in historical CPI values. The Canadian CPI was 8.8 in the year 1930 and 101.1 in 2002:

101.18.8
×
\$100
=
\$1,148.86

\$100 in 1930 has the same "purchasing power" or "buying power" as \$1,148.86 in 2002.

To get the total inflation rate for the 72 years between 1930 and 2002, we use the following formula:

CPI in 2002 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (72 years)

Plugging in the values to this equation, we get:

101.1 - 8.88.8
×
100
=
1,049%

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 2002 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Aug. 2020, https://www.officialdata.org/1930-CAD-in-2002.

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.