# \$100 in 1931 is worth \$881.01 in 1987

\$

## Value of \$100 from 1931 to 1987

According to Statistics Canada consumer price index, prices in 1987 are 781.01% higher than average prices since 1931. The Canadian dollar experienced an average inflation rate of 3.96% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1931 is equivalent in purchasing power to about \$881.01 in 1987, a difference of \$781.01 over 56 years.

The 1931 inflation rate was -10.23%. 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 781.01% Average inflation rate 3.96% Converted amount (\$100 base) \$881.01 Price difference (\$100 base) \$781.01 CPI in 1931 7.900 CPI in 1987 69.600 Inflation in 1931 -10.23% Inflation in 1987 4.19%

## Buying power of \$100 in 1931

This chart shows a calculation of buying power equivalence for \$100 in 1931 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$881.01 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$881.01 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 1931 dollars, the chart below shows how \$100 is worth less over 56 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: 1931-1987
Year Dollar Value Inflation Rate
1931 \$100.00 -10.23%
1932 \$92.41 -7.59%
1933 \$89.87 -2.74%
1934 \$91.14 1.41%
1935 \$93.67 2.78%
1936 \$94.94 1.35%
1937 \$98.73 4.00%
1938 \$96.20 -2.56%
1939 \$98.73 2.63%
1940 \$103.80 5.13%
1941 \$110.13 6.10%
1942 \$113.92 3.45%
1943 \$116.46 2.22%
1944 \$113.92 -2.17%
1945 \$116.46 2.22%
1946 \$122.78 5.43%
1947 \$140.51 14.43%
1948 \$153.16 9.01%
1949 \$154.43 0.83%
1950 \$163.29 5.74%
1951 \$181.01 10.85%
1952 \$178.48 -1.40%
1953 \$178.48 0.00%
1954 \$178.48 0.00%
1955 \$179.75 0.71%
1956 \$184.81 2.82%
1957 \$188.61 2.05%
1958 \$193.67 2.68%
1959 \$196.20 1.31%
1960 \$198.73 1.29%
1961 \$198.73 0.00%
1962 \$202.53 1.91%
1963 \$206.33 1.88%
1964 \$210.13 1.84%
1965 \$216.46 3.01%
1966 \$224.05 3.51%
1967 \$232.91 3.95%
1968 \$243.04 4.35%
1969 \$254.43 4.69%
1970 \$256.96 1.00%
1971 \$269.62 4.93%
1972 \$283.54 5.16%
1973 \$310.13 9.38%
1974 \$349.37 12.65%
1975 \$382.28 9.42%
1976 \$403.80 5.63%
1977 \$441.77 9.40%
1978 \$479.75 8.60%
1979 \$526.58 9.76%
1980 \$584.81 11.06%
1981 \$655.70 12.12%
1982 \$716.46 9.27%
1983 \$749.37 4.59%
1984 \$777.22 3.72%
1985 \$811.39 4.40%
1986 \$845.57 4.21%
1987 \$881.01 4.19%
1988 \$915.19 3.88%
1989 \$963.29 5.26%
1990 \$1,011.39 4.99%
1991 \$1,049.37 3.75%
1992 \$1,072.15 2.17%
1993 \$1,089.87 1.65%
1994 \$1,092.41 0.23%
1995 \$1,111.39 1.74%
1996 \$1,135.44 2.16%
1997 \$1,144.30 0.78%
1998 \$1,155.70 1.00%
1999 \$1,186.08 2.63%
2000 \$1,224.05 3.20%
2001 \$1,232.91 0.72%
2002 \$1,279.75 3.80%
2003 \$1,306.33 2.08%
2004 \$1,334.18 2.13%
2005 \$1,362.03 2.09%
2006 \$1,384.81 1.67%
2007 \$1,417.72 2.38%
2008 \$1,434.18 1.16%
2009 \$1,453.16 1.32%
2010 \$1,487.34 2.35%
2011 \$1,521.52 2.30%
2012 \$1,534.18 0.83%
2013 \$1,553.16 1.24%
2014 \$1,575.95 1.47%
2015 \$1,601.27 1.61%
2016 \$1,625.32 1.50%
2017 \$1,650.63 1.56%
2018 \$1,655.70 0.31%
2019 \$1,688.61 1.99%
2020 \$1,726.58 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 50 more rows

This conversion table shows various other 1931 amounts in 1987 dollars, based on the 781.01% change in prices:

Conversion Table: Value of a dollar in 1987
Initial value Equivalent value
\$1 dollar in 1931 \$8.81 dollars in 1987
\$5 dollars in 1931 \$44.05 dollars in 1987
\$10 dollars in 1931 \$88.10 dollars in 1987
\$50 dollars in 1931 \$440.51 dollars in 1987
\$100 dollars in 1931 \$881.01 dollars in 1987
\$500 dollars in 1931 \$4,405.06 dollars in 1987
\$1,000 dollars in 1931 \$8,810.13 dollars in 1987
\$5,000 dollars in 1931 \$44,050.63 dollars in 1987
\$10,000 dollars in 1931 \$88,101.27 dollars in 1987
\$50,000 dollars in 1931 \$440,506.33 dollars in 1987
\$100,000 dollars in 1931 \$881,012.66 dollars in 1987
\$500,000 dollars in 1931 \$4,405,063.29 dollars in 1987
\$1,000,000 dollars in 1931 \$8,810,126.58 dollars in 1987

## How to Calculate Inflation Rate for \$100, 1931 to 1987

Our calculations use the following inflation rate formula to calculate the change in value between 1931 and 1987:

CPI in 1987 CPI in 1931
×
=

Then plug in historical CPI values. The Canadian CPI was 7.9 in the year 1931 and 69.6 in 1987:

69.67.9
×
\$100
=
\$881.01

\$100 in 1931 has the same "purchasing power" or "buying power" as \$881.01 in 1987.

To get the total inflation rate for the 56 years between 1931 and 1987, we use the following formula:

CPI in 1987 - CPI in 1931CPI in 1931
×
100
=
Cumulative inflation rate (56 years)

Plugging in the values to this equation, we get:

69.6 - 7.97.9
×
100
=
781%

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

• The Empire State Building opens in New York.
• A railway explosion is faked by the Japanese in order to create a pretext for their Manchuria invasion.
• Proclamation of the Chinese People's Republic by Mao Zedong.

## 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: “1931 dollars in 1987 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 8 Aug. 2020, https://www.officialdata.org/1931-CAD-in-1987.

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.