# \$1 in 1935 is worth \$0.97 in 1934

\$

## Value of \$1 from 1935 to 1934

According to Statistics Canada consumer price index, prices in 1934 are 2.7% lower than average prices since 1935. 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 1935 is equivalent in purchasing power to about \$0.97 in 1934.

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.

 Average inflation rate 2.78% Converted amount (\$1 base) \$0.97 Price difference (\$1 base) \$-0.03 CPI in 1935 7.400 CPI in 1934 7.200 Inflation in 1934 1.41% Inflation in 1935 2.78%

## 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 1934 CPI in 1935
×
=

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

7.27.4
×
\$1
=
\$0.97

\$1 in 1935 has the same "purchasing power" or "buying power" as \$0.97 in 1934.

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

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

Plugging in the values to this equation, we get:

7.2 - 7.47.4
×
100
=
-3%

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

• Hitler violates the Treaty of Versailles by ordering German rearmament.
• In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
• Communist forces end their Long March bringing Mao Zedong to prominence.
• First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

## 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 1935 → 1934 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 Aug. 2020, https://www.officialdata.org/1935-CAD-in-1934?amount=1.

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.