\$1 in 1990 is worth \$1.08 in 1994

\$

Value of \$1 from 1990 to 1994

According to Statistics Canada consumer price index, prices in 1994 are 8.01% higher than average prices since 1990. The Canadian dollar experienced an average inflation rate of 1.95% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1990 is equivalent in purchasing power to about \$1.08 in 1994, a difference of \$0.08 over 4 years.

The 1990 inflation rate was 4.99%. The inflation rate in 1994 was 0.23%. The 1994 inflation rate is lower compared to the average inflation rate of 1.78% per year between 1994 and 2020.

 Cumulative price change 8.01% Average inflation rate 1.95% Converted amount (\$1 base) \$1.08 Price difference (\$1 base) \$0.08 CPI in 1990 79.900 CPI in 1994 86.300 Inflation in 1990 4.99% Inflation in 1994 0.23%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

Buying power of \$1 in 1990

This chart shows a calculation of buying power equivalence for \$1 in 1990 (price index tracking began in 1914).

For example, if you started with \$1, you would need to end with \$1.08 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.08 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 1990 dollars, the chart below shows how \$1 is worth less over 4 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: 1990-1994
Year Dollar Value Inflation Rate
1990 \$1.00 4.99%
1991 \$1.04 3.75%
1992 \$1.06 2.17%
1993 \$1.08 1.65%
1994 \$1.08 0.23%
1995 \$1.10 1.74%
1996 \$1.12 2.16%
1997 \$1.13 0.78%
1998 \$1.14 1.00%
1999 \$1.17 2.63%
2000 \$1.21 3.20%
2001 \$1.22 0.72%
2002 \$1.27 3.80%
2003 \$1.29 2.08%
2004 \$1.32 2.13%
2005 \$1.35 2.09%
2006 \$1.37 1.67%
2007 \$1.40 2.38%
2008 \$1.42 1.16%
2009 \$1.44 1.32%
2010 \$1.47 2.35%
2011 \$1.50 2.30%
2012 \$1.52 0.83%
2013 \$1.54 1.24%
2014 \$1.56 1.47%
2015 \$1.58 1.61%
2016 \$1.61 1.50%
2017 \$1.63 1.56%
2018 \$1.64 0.31%
2019 \$1.67 1.99%
2020 \$1.71 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1990 amounts in 1994 dollars, based on the 8.01% change in prices:

Conversion Table: Value of a dollar in 1994
Initial value Equivalent value
\$1 dollar in 1990 \$1.08 dollars in 1994
\$5 dollars in 1990 \$5.40 dollars in 1994
\$10 dollars in 1990 \$10.80 dollars in 1994
\$50 dollars in 1990 \$54.01 dollars in 1994
\$100 dollars in 1990 \$108.01 dollars in 1994
\$500 dollars in 1990 \$540.05 dollars in 1994
\$1,000 dollars in 1990 \$1,080.10 dollars in 1994
\$5,000 dollars in 1990 \$5,400.50 dollars in 1994
\$10,000 dollars in 1990 \$10,801.00 dollars in 1994
\$50,000 dollars in 1990 \$54,005.01 dollars in 1994
\$100,000 dollars in 1990 \$108,010.01 dollars in 1994
\$500,000 dollars in 1990 \$540,050.06 dollars in 1994
\$1,000,000 dollars in 1990 \$1,080,100.13 dollars in 1994

How to Calculate Inflation Rate for \$1, 1990 to 1994

Our calculations use the following inflation rate formula to calculate the change in value between 1990 and 1994:

CPI in 1994 CPI in 1990
×
1990 CAD value
=
1994 CAD value

Then plug in historical CPI values. The Canadian CPI was 79.9 in the year 1990 and 86.3 in 1994:

86.379.9
×
\$1
=
\$1.08

\$1 in 1990 has the same "purchasing power" or "buying power" as \$1.08 in 1994.

To get the total inflation rate for the 4 years between 1990 and 1994, we use the following formula:

CPI in 1994 - CPI in 1990CPI in 1990
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

86.3 - 79.979.9
×
100
=
8%

News headlines from 1990

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

• Nelson Mandela is released having spent 27 years in South African prison.
• The Hubble Space Telescope takes its first photos from space.
• Dr Penny Jamieson, becomes the first woman to be made an Anglican Bishop, in New Zeeland
• The United States sends troops to Saudi Arabia, marking the beginning of Operation Desert Shield.

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 1990 → 1994 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 May. 2020, https://www.officialdata.org/1990-CAD-in-1994?amount=1.

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 8.01% Average inflation rate 1.95% Converted amount (\$1 base) \$1.08 Price difference (\$1 base) \$0.08 CPI in 1990 79.900 CPI in 1994 86.300 Inflation in 1990 4.99% Inflation in 1994 0.23%