# \$1 in 1995 is worth \$1.07 in 1999

\$

## Value of \$1 from 1995 to 1999

According to Statistics Canada consumer price index, prices in 1999 are 6.72% higher than average prices since 1995. The Canadian dollar experienced an average inflation rate of 1.64% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1995 is equivalent in purchasing power to about \$1.07 in 1999, a difference of \$0.07 over 4 years.

The 1995 inflation rate was 1.74%. The inflation rate in 1999 was 2.63%. The 1999 inflation rate is higher compared to the average inflation rate of 1.80% per year between 1999 and 2020.

 Cumulative price change 6.72% Average inflation rate 1.64% Converted amount (\$1 base) \$1.07 Price difference (\$1 base) \$0.07 CPI in 1995 87.800 CPI in 1999 93.700 Inflation in 1995 1.74% Inflation in 1999 2.63%

## Buying power of \$1 in 1995

This chart shows a calculation of buying power equivalence for \$1 in 1995 (price index tracking began in 1914).

For example, if you started with \$1, you would need to end with \$1.07 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.07 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 1995 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: 1995-1999
Year Dollar Value Inflation Rate
1995 \$1.00 1.74%
1996 \$1.02 2.16%
1997 \$1.03 0.78%
1998 \$1.04 1.00%
1999 \$1.07 2.63%
2000 \$1.10 3.20%
2001 \$1.11 0.72%
2002 \$1.15 3.80%
2003 \$1.18 2.08%
2004 \$1.20 2.13%
2005 \$1.23 2.09%
2006 \$1.25 1.67%
2007 \$1.28 2.38%
2008 \$1.29 1.16%
2009 \$1.31 1.32%
2010 \$1.34 2.35%
2011 \$1.37 2.30%
2012 \$1.38 0.83%
2013 \$1.40 1.24%
2014 \$1.42 1.47%
2015 \$1.44 1.61%
2016 \$1.46 1.50%
2017 \$1.49 1.56%
2018 \$1.49 0.31%
2019 \$1.52 1.99%
2020 \$1.55 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1995 amounts in 1999 dollars, based on the 6.72% change in prices:

Conversion Table: Value of a dollar in 1999
Initial value Equivalent value
\$1 dollar in 1995 \$1.07 dollars in 1999
\$5 dollars in 1995 \$5.34 dollars in 1999
\$10 dollars in 1995 \$10.67 dollars in 1999
\$50 dollars in 1995 \$53.36 dollars in 1999
\$100 dollars in 1995 \$106.72 dollars in 1999
\$500 dollars in 1995 \$533.60 dollars in 1999
\$1,000 dollars in 1995 \$1,067.20 dollars in 1999
\$5,000 dollars in 1995 \$5,335.99 dollars in 1999
\$10,000 dollars in 1995 \$10,671.98 dollars in 1999
\$50,000 dollars in 1995 \$53,359.91 dollars in 1999
\$100,000 dollars in 1995 \$106,719.82 dollars in 1999
\$500,000 dollars in 1995 \$533,599.09 dollars in 1999
\$1,000,000 dollars in 1995 \$1,067,198.18 dollars in 1999

## How to Calculate Inflation Rate for \$1, 1995 to 1999

Our calculations use the following inflation rate formula to calculate the change in value between 1995 and 1999:

CPI in 1999 CPI in 1995
×
=

Then plug in historical CPI values. The Canadian CPI was 87.8 in the year 1995 and 93.7 in 1999:

93.787.8
×
\$1
=
\$1.07

\$1 in 1995 has the same "purchasing power" or "buying power" as \$1.07 in 1999.

To get the total inflation rate for the 4 years between 1995 and 1999, we use the following formula:

CPI in 1999 - CPI in 1995CPI in 1995
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

93.7 - 87.887.8
×
100
=
7%

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

• Bosnian Serbs massacre over 7,000 Bosnian Muslims in Srebrenica.
• Scientists discover the Hale-Bopp Comet; which later became visible to the naked eye.
• Signing of the Dayton Agreement in Paris in order to end conflicts between former Yugoslavian republics
• 170 countries agree to the unconditional and indefinite extending of the Nuclear Non-proliferation Treaty.
• Austria, Finland and Sweden accede to the European Union.

## 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 1995 → 1999 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 May. 2020, https://www.officialdata.org/1995-CAD-in-1999?amount=1.