# \$100 in 1932 is worth \$1,042.47 in 1989

\$

## Value of \$100 from 1932 to 1989

According to Statistics Canada consumer price index, prices in 1989 are 942.47% higher than average prices since 1932. The Canadian dollar experienced an average inflation rate of 4.20% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1932 is equivalent in purchasing power to about \$1,042.47 in 1989, a difference of \$942.47 over 57 years.

The 1932 inflation rate was -7.59%. The inflation rate in 1989 was 5.26%. The 1989 inflation rate is higher compared to the average inflation rate of 1.90% per year between 1989 and 2020.

 Cumulative price change 942.47% Average inflation rate 4.20% Converted amount (\$100 base) \$1,042.47 Price difference (\$100 base) \$942.47 CPI in 1932 7.300 CPI in 1989 76.100 Inflation in 1932 -7.59% Inflation in 1989 5.26%

## Buying power of \$100 in 1932

This chart shows a calculation of buying power equivalence for \$100 in 1932 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$1,042.47 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,042.47 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 1932 dollars, the chart below shows how \$100 is worth less over 57 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: 1932-1989
Year Dollar Value Inflation Rate
1932 \$100.00 -7.59%
1933 \$97.26 -2.74%
1934 \$98.63 1.41%
1935 \$101.37 2.78%
1936 \$102.74 1.35%
1937 \$106.85 4.00%
1938 \$104.11 -2.56%
1939 \$106.85 2.63%
1940 \$112.33 5.13%
1941 \$119.18 6.10%
1942 \$123.29 3.45%
1943 \$126.03 2.22%
1944 \$123.29 -2.17%
1945 \$126.03 2.22%
1946 \$132.88 5.43%
1947 \$152.05 14.43%
1948 \$165.75 9.01%
1949 \$167.12 0.83%
1950 \$176.71 5.74%
1951 \$195.89 10.85%
1952 \$193.15 -1.40%
1953 \$193.15 0.00%
1954 \$193.15 0.00%
1955 \$194.52 0.71%
1956 \$200.00 2.82%
1957 \$204.11 2.05%
1958 \$209.59 2.68%
1959 \$212.33 1.31%
1960 \$215.07 1.29%
1961 \$215.07 0.00%
1962 \$219.18 1.91%
1963 \$223.29 1.88%
1964 \$227.40 1.84%
1965 \$234.25 3.01%
1966 \$242.47 3.51%
1967 \$252.05 3.95%
1968 \$263.01 4.35%
1969 \$275.34 4.69%
1970 \$278.08 1.00%
1971 \$291.78 4.93%
1972 \$306.85 5.16%
1973 \$335.62 9.38%
1974 \$378.08 12.65%
1975 \$413.70 9.42%
1976 \$436.99 5.63%
1977 \$478.08 9.40%
1978 \$519.18 8.60%
1979 \$569.86 9.76%
1980 \$632.88 11.06%
1981 \$709.59 12.12%
1982 \$775.34 9.27%
1983 \$810.96 4.59%
1984 \$841.10 3.72%
1985 \$878.08 4.40%
1986 \$915.07 4.21%
1987 \$953.42 4.19%
1988 \$990.41 3.88%
1989 \$1,042.47 5.26%
1990 \$1,094.52 4.99%
1991 \$1,135.62 3.75%
1992 \$1,160.27 2.17%
1993 \$1,179.45 1.65%
1994 \$1,182.19 0.23%
1995 \$1,202.74 1.74%
1996 \$1,228.77 2.16%
1997 \$1,238.36 0.78%
1998 \$1,250.68 1.00%
1999 \$1,283.56 2.63%
2000 \$1,324.66 3.20%
2001 \$1,334.25 0.72%
2002 \$1,384.93 3.80%
2003 \$1,413.70 2.08%
2004 \$1,443.84 2.13%
2005 \$1,473.97 2.09%
2006 \$1,498.63 1.67%
2007 \$1,534.25 2.38%
2008 \$1,552.05 1.16%
2009 \$1,572.60 1.32%
2010 \$1,609.59 2.35%
2011 \$1,646.58 2.30%
2012 \$1,660.27 0.83%
2013 \$1,680.82 1.24%
2014 \$1,705.48 1.47%
2015 \$1,732.88 1.61%
2016 \$1,758.90 1.50%
2017 \$1,786.30 1.56%
2018 \$1,791.78 0.31%
2019 \$1,827.40 1.99%
2020 \$1,868.49 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 51 more rows

This conversion table shows various other 1932 amounts in 1989 dollars, based on the 942.47% change in prices:

Conversion Table: Value of a dollar in 1989
Initial value Equivalent value
\$1 dollar in 1932 \$10.42 dollars in 1989
\$5 dollars in 1932 \$52.12 dollars in 1989
\$10 dollars in 1932 \$104.25 dollars in 1989
\$50 dollars in 1932 \$521.23 dollars in 1989
\$100 dollars in 1932 \$1,042.47 dollars in 1989
\$500 dollars in 1932 \$5,212.33 dollars in 1989
\$1,000 dollars in 1932 \$10,424.66 dollars in 1989
\$5,000 dollars in 1932 \$52,123.29 dollars in 1989
\$10,000 dollars in 1932 \$104,246.58 dollars in 1989
\$50,000 dollars in 1932 \$521,232.88 dollars in 1989
\$100,000 dollars in 1932 \$1,042,465.75 dollars in 1989
\$500,000 dollars in 1932 \$5,212,328.77 dollars in 1989
\$1,000,000 dollars in 1932 \$10,424,657.53 dollars in 1989

## How to Calculate Inflation Rate for \$100, 1932 to 1989

Our calculations use the following inflation rate formula to calculate the change in value between 1932 and 1989:

CPI in 1989 CPI in 1932
×
=

Then plug in historical CPI values. The Canadian CPI was 7.3 in the year 1932 and 76.1 in 1989:

76.17.3
×
\$100
=
\$1,042.47

\$100 in 1932 has the same "purchasing power" or "buying power" as \$1,042.47 in 1989.

To get the total inflation rate for the 57 years between 1932 and 1989, we use the following formula:

CPI in 1989 - CPI in 1932CPI in 1932
×
100
=
Cumulative inflation rate (57 years)

Plugging in the values to this equation, we get:

76.1 - 7.37.3
×
100
=
942%

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

• Opening of the Sydney Harbour Bridge.
• The first female transatlantic solo flight is completed by Amelia Earhart.
• The British Broadcasting Corporation begins overseas transmission.

## 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: “1932 dollars in 1989 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 May. 2020, https://www.officialdata.org/1932-CAD-in-1989.