$100 in 1934 is worth $1,004.17 in 1988

Value of $100 from 1934 to 1988

According to Statistics Canada consumer price index, prices in 1988 are 904.17% higher than average prices since 1934. The Canadian dollar experienced an average inflation rate of 4.36% per year during this period, causing the real value of a dollar to decrease.

In other words, $100 in 1934 is equivalent in purchasing power to about $1,004.17 in 1988, a difference of $904.17 over 54 years.

The 1934 inflation rate was 1.41%. 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.


Inflation from 1934 to 1988
Cumulative price change 904.17%
Average inflation rate 4.36%
Converted amount ($100 base) $1,004.17
Price difference ($100 base) $904.17
CPI in 1934 7.200
CPI in 1988 72.300
Inflation in 1934 1.41%
Inflation in 1988 3.88%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 1934

This chart shows a calculation of buying power equivalence for $100 in 1934 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $1,004.17 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,004.17 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 1934 dollars, the chart below shows how $100 is worth less over 54 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: 1934-1988
Year Dollar Value Inflation Rate
1934 $100.00 1.41%
1935 $102.78 2.78%
1936 $104.17 1.35%
1937 $108.33 4.00%
1938 $105.56 -2.56%
1939 $108.33 2.63%
1940 $113.89 5.13%
1941 $120.83 6.10%
1942 $125.00 3.45%
1943 $127.78 2.22%
1944 $125.00 -2.17%
1945 $127.78 2.22%
1946 $134.72 5.43%
1947 $154.17 14.43%
1948 $168.06 9.01%
1949 $169.44 0.83%
1950 $179.17 5.74%
1951 $198.61 10.85%
1952 $195.83 -1.40%
1953 $195.83 0.00%
1954 $195.83 0.00%
1955 $197.22 0.71%
1956 $202.78 2.82%
1957 $206.94 2.05%
1958 $212.50 2.68%
1959 $215.28 1.31%
1960 $218.06 1.29%
1961 $218.06 0.00%
1962 $222.22 1.91%
1963 $226.39 1.88%
1964 $230.56 1.84%
1965 $237.50 3.01%
1966 $245.83 3.51%
1967 $255.56 3.95%
1968 $266.67 4.35%
1969 $279.17 4.69%
1970 $281.94 1.00%
1971 $295.83 4.93%
1972 $311.11 5.16%
1973 $340.28 9.38%
1974 $383.33 12.65%
1975 $419.44 9.42%
1976 $443.06 5.63%
1977 $484.72 9.40%
1978 $526.39 8.60%
1979 $577.78 9.76%
1980 $641.67 11.06%
1981 $719.44 12.12%
1982 $786.11 9.27%
1983 $822.22 4.59%
1984 $852.78 3.72%
1985 $890.28 4.40%
1986 $927.78 4.21%
1987 $966.67 4.19%
1988 $1,004.17 3.88%
1989 $1,056.94 5.26%
1990 $1,109.72 4.99%
1991 $1,151.39 3.75%
1992 $1,176.39 2.17%
1993 $1,195.83 1.65%
1994 $1,198.61 0.23%
1995 $1,219.44 1.74%
1996 $1,245.83 2.16%
1997 $1,255.56 0.78%
1998 $1,268.06 1.00%
1999 $1,301.39 2.63%
2000 $1,343.06 3.20%
2001 $1,352.78 0.72%
2002 $1,404.17 3.80%
2003 $1,433.33 2.08%
2004 $1,463.89 2.13%
2005 $1,494.44 2.09%
2006 $1,519.44 1.67%
2007 $1,555.56 2.38%
2008 $1,573.61 1.16%
2009 $1,594.44 1.32%
2010 $1,631.94 2.35%
2011 $1,669.44 2.30%
2012 $1,683.33 0.83%
2013 $1,704.17 1.24%
2014 $1,729.17 1.47%
2015 $1,756.94 1.61%
2016 $1,783.33 1.50%
2017 $1,811.11 1.56%
2018 $1,816.67 0.31%
2019 $1,852.78 1.99%
2020 $1,894.44 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 48 more rows

This conversion table shows various other 1934 amounts in 1988 dollars, based on the 904.17% change in prices:

Conversion Table: Value of a dollar in 1988
Initial value Equivalent value
$1 dollar in 1934 $10.04 dollars in 1988
$5 dollars in 1934 $50.21 dollars in 1988
$10 dollars in 1934 $100.42 dollars in 1988
$50 dollars in 1934 $502.08 dollars in 1988
$100 dollars in 1934 $1,004.17 dollars in 1988
$500 dollars in 1934 $5,020.83 dollars in 1988
$1,000 dollars in 1934 $10,041.67 dollars in 1988
$5,000 dollars in 1934 $50,208.33 dollars in 1988
$10,000 dollars in 1934 $100,416.67 dollars in 1988
$50,000 dollars in 1934 $502,083.33 dollars in 1988
$100,000 dollars in 1934 $1,004,166.67 dollars in 1988
$500,000 dollars in 1934 $5,020,833.33 dollars in 1988
$1,000,000 dollars in 1934 $10,041,666.67 dollars in 1988

How to Calculate Inflation Rate for $100, 1934 to 1988

Our calculations use the following inflation rate formula to calculate the change in value between 1934 and 1988:

CPI in 1988 CPI in 1934
×
1934 CAD value
=
1988 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1934 and 72.3 in 1988:

72.37.2
×
$100
=
$1,004.17

$100 in 1934 has the same "purchasing power" or "buying power" as $1,004.17 in 1988.

To get the total inflation rate for the 54 years between 1934 and 1988, we use the following formula:

CPI in 1988 - CPI in 1934CPI in 1934
×
100
=
Cumulative inflation rate (54 years)

Plugging in the values to this equation, we get:

72.3 - 7.27.2
×
100
=
904%

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: “1934 dollars in 1988 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 11 Aug. 2020, https://www.officialdata.org/1934-CAD-in-1988.

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.


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 1988
Cumulative price change 904.17%
Average inflation rate 4.36%
Converted amount ($100 base) $1,004.17
Price difference ($100 base) $904.17
CPI in 1934 7.200
CPI in 1988 72.300
Inflation in 1934 1.41%
Inflation in 1988 3.88%