$1 in 1934 is worth $1.03 in 1935

Value of $1 from 1934 to 1935

According to Statistics Canada consumer price index, prices in 1935 are 2.78% higher than average prices since 1934. The Canadian dollar experienced an average inflation rate of 2.78% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1934 is equivalent in purchasing power to about $1.03 in 1935.

The 1934 inflation rate was 1.41%. The inflation rate in 1935 was 2.78%. The 1935 inflation rate is lower compared to the average inflation rate of 3.49% per year between 1935 and 2020.


Inflation from 1934 to 1935
Average inflation rate 2.78%
Converted amount ($1 base) $1.03
Price difference ($1 base) $0.03
CPI in 1934 7.200
CPI in 1935 7.400
Inflation in 1934 1.41%
Inflation in 1935 2.78%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI
Download

How to Calculate Inflation Rate for $1, 1934 to 1935

Our calculations use the following inflation rate formula to calculate the change in value between 1934 and 1935:

CPI in 1935 CPI in 1934
×
1934 CAD value
=
1935 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1934 and 7.4 in 1935:

7.47.2
×
$1
=
$1.03

$1 in 1934 has the same "purchasing power" or "buying power" as $1.03 in 1935.

To get the total inflation rate for the 1 years between 1934 and 1935, we use the following formula:

CPI in 1935 - CPI in 1934CPI in 1934
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

7.4 - 7.27.2
×
100
=
3%

News headlines from 1934

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

  • American and Canadian prairies suffer during "The Great Dustbowl", a period of drought and severe dust storms.
  • John Dillinger becomes commonly known as America's first Public Enemy Number One.
  • Hitler brutally purges the leadership of the Nazi party in an event known as "Night of Long Knives".
  • The Assassination of Leningrad mayor Sergey Kirov is used as a pretext by Stalin to start the Great Purge of the Communist party.

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: “$1 in 1934 → 1935 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 May. 2020, https://www.officialdata.org/1934-CAD-in-1935?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


Ian Webster

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.

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Inflation from 1934 to 1935
Average inflation rate 2.78%
Converted amount ($1 base) $1.03
Price difference ($1 base) $0.03
CPI in 1934 7.200
CPI in 1935 7.400
Inflation in 1934 1.41%
Inflation in 1935 2.78%