$100 in 1934 is worth $1,778.87 in 2016

Value of $100 from 1934 to 2016

$100 in 1934 is equivalent in purchasing power to about $1,778.87 in 2016, an increase of $1,678.87 over 82 years. The dollar had an average inflation rate of 3.57% per year between 1934 and 2016, producing a cumulative price increase of 1,678.87%.

This means that prices in 2016 are 17.79 times as high as average prices since 1934, according to Statistics Canada consumer price index.

The inflation rate in 1934 was 1.17%. The inflation rate in 2016 was 1.43%. The 2016 inflation rate is lower compared to the average inflation rate of 2.69% per year between 2016 and 2024.


Inflation from 1934 to 2016
Cumulative price change1,678.87%
Average inflation rate3.57%
Converted amount
$100 base
$1,778.87
Price difference
$100 base
$1,678.87
CPI in 19347.217
CPI in 2016128.375
Inflation in 19341.17%
Inflation in 20161.43%
$100 in 1934$1,778.87 in 2016

CAD inflation since 1934
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 $1,778.87 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $1,778.87 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 82 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: 1934-2016
YearDollar ValueInflation Rate
1934$100.001.17%
1935$100.460.46%
1936$102.542.07%
1937$106.243.60%
1938$106.810.54%
1939$106.00-0.76%
1940$110.514.25%
1941$117.095.96%
1942$122.524.64%
1943$125.172.17%
1944$125.980.65%
1945$126.790.64%
1946$130.723.10%
1947$142.499.01%
1948$162.8214.26%
1949$168.483.48%
1950$172.982.67%
1951$191.2210.55%
1952$196.192.60%
1953$194.23-1.00%
1954$195.500.65%
1955$195.840.18%
1956$198.501.36%
1957$205.083.32%
1958$209.932.36%
1959$212.471.21%
1960$215.361.36%
1961$217.551.02%
1962$219.861.06%
1963$223.441.63%
1964$227.711.91%
1965$233.032.33%
1966$241.923.82%
1967$250.583.58%
1968$260.744.06%
1969$272.634.56%
1970$281.763.35%
1971$289.382.70%
1972$303.814.99%
1973$326.567.49%
1974$362.4711.00%
1975$401.1510.67%
1976$431.417.54%
1977$465.827.98%
1978$507.628.97%
1979$554.049.14%
1980$610.1610.13%
1981$686.2612.47%
1982$760.1610.77%
1983$804.735.86%
1984$839.384.30%
1985$872.633.96%
1986$909.244.19%
1987$948.854.36%
1988$987.074.03%
1989$1,036.264.98%
1990$1,085.804.78%
1991$1,146.885.63%
1992$1,163.971.49%
1993$1,185.681.87%
1994$1,187.640.17%
1995$1,213.162.15%
1996$1,232.221.57%
1997$1,252.191.62%
1998$1,264.671.00%
1999$1,286.611.73%
2000$1,321.592.72%
2001$1,354.972.53%
2002$1,385.572.26%
2003$1,423.792.76%
2004$1,450.231.86%
2005$1,482.332.21%
2006$1,512.012.00%
2007$1,544.342.14%
2008$1,580.952.37%
2009$1,585.680.30%
2010$1,613.861.78%
2011$1,660.852.91%
2012$1,686.031.52%
2013$1,701.850.94%
2014$1,734.301.91%
2015$1,753.811.13%
2016$1,778.871.43%
2017$1,807.271.60%
2018$1,848.272.27%
2019$1,884.301.95%
2020$1,897.810.72%
2021$1,962.243.40%
2022$2,095.736.80%
2023$2,175.523.81%
2024$2,200.461.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 76 more rows

This conversion table shows various other 1934 amounts in 2016 dollars, based on the 1,678.87% change in prices:

Conversion: 1934 dollars in 2016
Initial valueEquivalent value
$1 dollar in 1934$17.79 dollars in 2016
$5 dollars in 1934$88.94 dollars in 2016
$10 dollars in 1934$177.89 dollars in 2016
$50 dollars in 1934$889.43 dollars in 2016
$100 dollars in 1934$1,778.87 dollars in 2016
$500 dollars in 1934$8,894.34 dollars in 2016
$1,000 dollars in 1934$17,788.68 dollars in 2016
$5,000 dollars in 1934$88,943.42 dollars in 2016
$10,000 dollars in 1934$177,886.84 dollars in 2016
$50,000 dollars in 1934$889,434.18 dollars in 2016
$100,000 dollars in 1934$1,778,868.36 dollars in 2016
$500,000 dollars in 1934$8,894,341.80 dollars in 2016
$1,000,000 dollars in 1934$17,788,683.60 dollars in 2016

How to calculate inflation rate for $100, 1934 to 2016

Our calculations use the following inflation rate formula to calculate the change in value between 1934 and 2016:

CPI in 2016 CPI in 1934
×
1934 CAD value
=
2016 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.216666667 in the year 1934 and 128.375 in 2016:

128.3757.216666667
×
$100
=
$1,778.87

$100 in 1934 has the same "purchasing power" or "buying power" as $1,778.87 in 2016.

To get the total inflation rate for the 82 years between 1934 and 2016, we use the following formula:

CPI in 2016 - CPI in 1934CPI in 1934
×
100
=
Cumulative inflation rate (82 years)

Plugging in the values to this equation, we get:

128.375 - 7.2166666677.216666667
×
100
=
1,679%

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 2016 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/1934-CAD-in-2016.

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 2016
Cumulative price change1,678.87%
Average inflation rate3.57%
Converted amount
$100 base
$1,778.87
Price difference
$100 base
$1,678.87
CPI in 19347.217
CPI in 2016128.375
Inflation in 19341.17%
Inflation in 20161.43%
$100 in 1934$1,778.87 in 2016