\$

# \$100 in 1933 → \$1,018.31 in 1988

### Canadian Inflation Rate, \$100 in 1933 to 1988

According to Statistics Canada consumer price index, prices in 1988 are 918.31% higher than average prices since 1933. The Canadian dollar experienced an average inflation rate of 4.31% per year during this period, meaning the real value of a dollar decreased.

In other words, \$100 in 1933 is equivalent in purchasing power to about \$1,018.31 in 1988, a difference of \$918.31 over 55 years.

The 1933 inflation rate was -2.74%. The inflation rate in 1988 was 3.88%. The 1988 inflation rate is higher compared to the average inflation rate of 2.00% per year between 1988 and 2020.

 Cumulative price change 918.31% Average inflation rate 4.31% Converted amount (\$100 base) \$1,018.31 Price difference (\$100 base) \$918.31 CPI in 1933 7.100 CPI in 1988 72.300 Inflation in 1933 -2.74% Inflation in 1988 3.88%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

### Buying power of \$100 in 1933

This chart shows a calculation of buying power equivalence for \$100 in 1933 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$1,018.31 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,018.31 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 1933 dollars, the chart below shows how \$100 buys less over the past 55 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1933 \$100.00 -2.74%
1934 \$101.41 1.41%
1935 \$104.23 2.78%
1936 \$105.63 1.35%
1937 \$109.86 4.00%
1938 \$107.04 -2.56%
1939 \$109.86 2.63%
1940 \$115.49 5.13%
1941 \$122.54 6.10%
1942 \$126.76 3.45%
1943 \$129.58 2.22%
1944 \$126.76 -2.17%
1945 \$129.58 2.22%
1946 \$136.62 5.43%
1947 \$156.34 14.43%
1948 \$170.42 9.01%
1949 \$171.83 0.83%
1950 \$181.69 5.74%
1951 \$201.41 10.85%
1952 \$198.59 -1.40%
1953 \$198.59 0.00%
1954 \$198.59 0.00%
1955 \$200.00 0.71%
1956 \$205.63 2.82%
1957 \$209.86 2.05%
1958 \$215.49 2.68%
1959 \$218.31 1.31%
1960 \$221.13 1.29%
1961 \$221.13 0.00%
1962 \$225.35 1.91%
1963 \$229.58 1.88%
1964 \$233.80 1.84%
1965 \$240.85 3.01%
1966 \$249.30 3.51%
1967 \$259.15 3.95%
1968 \$270.42 4.35%
1969 \$283.10 4.69%
1970 \$285.92 1.00%
1971 \$300.00 4.93%
1972 \$315.49 5.16%
1973 \$345.07 9.38%
1974 \$388.73 12.65%
1975 \$425.35 9.42%
1976 \$449.30 5.63%
1977 \$491.55 9.40%
1978 \$533.80 8.60%
1979 \$585.92 9.76%
1980 \$650.70 11.06%
1981 \$729.58 12.12%
1982 \$797.18 9.27%
1983 \$833.80 4.59%
1984 \$864.79 3.72%
1985 \$902.82 4.40%
1986 \$940.85 4.21%
1987 \$980.28 4.19%
1988 \$1,018.31 3.88%
1989 \$1,071.83 5.26%
1990 \$1,125.35 4.99%
1991 \$1,167.61 3.75%
1992 \$1,192.96 2.17%
1993 \$1,212.68 1.65%
1994 \$1,215.49 0.23%
1995 \$1,236.62 1.74%
1996 \$1,263.38 2.16%
1997 \$1,273.24 0.78%
1998 \$1,285.92 1.00%
1999 \$1,319.72 2.63%
2000 \$1,361.97 3.20%
2001 \$1,371.83 0.72%
2002 \$1,423.94 3.80%
2003 \$1,453.52 2.08%
2004 \$1,484.51 2.13%
2005 \$1,515.49 2.09%
2006 \$1,540.85 1.67%
2007 \$1,577.46 2.38%
2008 \$1,595.77 1.16%
2009 \$1,616.90 1.32%
2010 \$1,654.93 2.35%
2011 \$1,692.96 2.30%
2012 \$1,707.04 0.83%
2013 \$1,728.17 1.24%
2014 \$1,753.52 1.47%
2015 \$1,781.69 1.61%
2016 \$1,808.45 1.50%
2017 \$1,836.62 1.56%
2018 \$1,842.25 0.31%
2019 \$1,878.87 1.99%
2020 \$1,921.13 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 49 more rows

### How to Calculate Inflation Rate for \$100, 1933 to 1988

This inflation calculator uses the following inflation rate formula:

CPI in 1988CPI in 1933
×
=

Then plug in historical CPI values. The Canadian CPI was 7.1 in the year 1933 and 72.3 in 1988:

72.37.1
×
\$100
=
\$1,018.31

\$100 in 1933 has the same "purchasing power" or "buying power" as \$1,018.31 in 1988.

To get the total inflation rate for the 55 years between 1933 and 1988, we use the following formula:

CPI in 1988 - CPI in 1933CPI in 1933
×
100
=
Cumulative inflation rate (55 years)

Plugging in the values to this equation, we get:

72.3 - 7.17.1
×
100
=
918%

### News headlines from 1933

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

• Coining of the name "Pakistan" by Choudhry Rahmat Ali, this is later accepted by Muslims in the Indian sub-continent who use it to push for a separate Muslim homeland in South Asia.
• Adolf Hitler is appointed Reich Chancellor of Germany by President Paul von Hindenburg.
• Franklin D. Roosevelt is inaugurated President of the United States.
• The first Nazi concentration camp, Dachau, is completed.
• The Nazi party is declared the only political party in Germany.

### 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: “1933 dollars in 1988 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Jan. 2020, https://www.officialdata.org/1933-CAD-in-1988.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

#### 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.

 Cumulative price change 918.31% Average inflation rate 4.31% Converted amount (\$100 base) \$1,018.31 Price difference (\$100 base) \$918.31 CPI in 1933 7.100 CPI in 1988 72.300 Inflation in 1933 -2.74% Inflation in 1988 3.88%