\$1,500 in 1931 is worth \$25,898.73 today

\$

Value of \$1,500 from 1931 to 2020

According to Statistics Canada consumer price index, today's prices in 2020 are 1,626.58% higher than average prices since 1931. The Canadian dollar experienced an average inflation rate of 3.25% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1,500 in 1931 is equivalent in purchasing power to about \$25,898.73 in 2020, a difference of \$24,398.73 over 89 years.

The 1931 inflation rate was -10.23%. The current year-over-year inflation rate (2019 to 2020) is now 2.25%1. If this number holds, \$1,500 today will be equivalent in buying power to \$1,533.73 next year.

 Cumulative price change 1,626.58% Average inflation rate 3.25% Converted amount (\$1,500 base) \$25,898.73 Price difference (\$1,500 base) \$24,398.73 CPI in 1931 7.900 CPI in 2020 136.400 Inflation in 1931 -10.23% Inflation in 2020 2.25%

Buying power of \$1,500 in 1931

This chart shows a calculation of buying power equivalence for \$1,500 in 1931 (price index tracking began in 1914).

For example, if you started with \$1,500, you would need to end with \$25,898.73 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1,500 is equivalent to \$25,898.73 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 1931 dollars, the chart below shows how \$1,500 is worth less over 89 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: 1931-2020
Year Dollar Value Inflation Rate
1931 \$1,500.00 -10.23%
1932 \$1,386.08 -7.59%
1933 \$1,348.10 -2.74%
1934 \$1,367.09 1.41%
1935 \$1,405.06 2.78%
1936 \$1,424.05 1.35%
1937 \$1,481.01 4.00%
1938 \$1,443.04 -2.56%
1939 \$1,481.01 2.63%
1940 \$1,556.96 5.13%
1941 \$1,651.90 6.10%
1942 \$1,708.86 3.45%
1943 \$1,746.84 2.22%
1944 \$1,708.86 -2.17%
1945 \$1,746.84 2.22%
1946 \$1,841.77 5.43%
1947 \$2,107.59 14.43%
1948 \$2,297.47 9.01%
1949 \$2,316.46 0.83%
1950 \$2,449.37 5.74%
1951 \$2,715.19 10.85%
1952 \$2,677.22 -1.40%
1953 \$2,677.22 0.00%
1954 \$2,677.22 0.00%
1955 \$2,696.20 0.71%
1956 \$2,772.15 2.82%
1957 \$2,829.11 2.05%
1958 \$2,905.06 2.68%
1959 \$2,943.04 1.31%
1960 \$2,981.01 1.29%
1961 \$2,981.01 0.00%
1962 \$3,037.97 1.91%
1963 \$3,094.94 1.88%
1964 \$3,151.90 1.84%
1965 \$3,246.84 3.01%
1966 \$3,360.76 3.51%
1967 \$3,493.67 3.95%
1968 \$3,645.57 4.35%
1969 \$3,816.46 4.69%
1970 \$3,854.43 1.00%
1971 \$4,044.30 4.93%
1972 \$4,253.16 5.16%
1973 \$4,651.90 9.38%
1974 \$5,240.51 12.65%
1975 \$5,734.18 9.42%
1976 \$6,056.96 5.63%
1977 \$6,626.58 9.40%
1978 \$7,196.20 8.60%
1979 \$7,898.73 9.76%
1980 \$8,772.15 11.06%
1981 \$9,835.44 12.12%
1982 \$10,746.84 9.27%
1983 \$11,240.51 4.59%
1984 \$11,658.23 3.72%
1985 \$12,170.89 4.40%
1986 \$12,683.54 4.21%
1987 \$13,215.19 4.19%
1988 \$13,727.85 3.88%
1989 \$14,449.37 5.26%
1990 \$15,170.89 4.99%
1991 \$15,740.51 3.75%
1992 \$16,082.28 2.17%
1993 \$16,348.10 1.65%
1994 \$16,386.08 0.23%
1995 \$16,670.89 1.74%
1996 \$17,031.65 2.16%
1997 \$17,164.56 0.78%
1998 \$17,335.44 1.00%
1999 \$17,791.14 2.63%
2000 \$18,360.76 3.20%
2001 \$18,493.67 0.72%
2002 \$19,196.20 3.80%
2003 \$19,594.94 2.08%
2004 \$20,012.66 2.13%
2005 \$20,430.38 2.09%
2006 \$20,772.15 1.67%
2007 \$21,265.82 2.38%
2008 \$21,512.66 1.16%
2009 \$21,797.47 1.32%
2010 \$22,310.13 2.35%
2011 \$22,822.78 2.30%
2012 \$23,012.66 0.83%
2013 \$23,297.47 1.24%
2014 \$23,639.24 1.47%
2015 \$24,018.99 1.61%
2016 \$24,379.75 1.50%
2017 \$24,759.49 1.56%
2018 \$24,835.44 0.31%
2019 \$25,329.11 1.99%
2020 \$25,898.73 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 83 more rows

This conversion table shows various other 1931 amounts in today's dollars, based on the 1,626.58% change in prices:

Conversion Table: Value of a dollar today
Initial value Equivalent value
\$1 dollar in 1931 \$17.27 dollars today
\$5 dollars in 1931 \$86.33 dollars today
\$10 dollars in 1931 \$172.66 dollars today
\$50 dollars in 1931 \$863.29 dollars today
\$100 dollars in 1931 \$1,726.58 dollars today
\$500 dollars in 1931 \$8,632.91 dollars today
\$1,000 dollars in 1931 \$17,265.82 dollars today
\$5,000 dollars in 1931 \$86,329.11 dollars today
\$10,000 dollars in 1931 \$172,658.23 dollars today
\$50,000 dollars in 1931 \$863,291.14 dollars today
\$100,000 dollars in 1931 \$1,726,582.28 dollars today
\$500,000 dollars in 1931 \$8,632,911.39 dollars today
\$1,000,000 dollars in 1931 \$17,265,822.78 dollars today

How to Calculate Inflation Rate for \$1,500 since 1931

Our calculations use the following inflation rate formula to calculate the change in value between 1931 and today:

CPI today CPI in 1931
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 7.9 in the year 1931 and 136.4 in 2020:

136.47.9
×
\$1,500
=
\$25,898.73

\$1,500 in 1931 has the same "purchasing power" or "buying power" as \$25,898.73 in 2020.

To get the total inflation rate for the 89 years between 1931 and 2020, we use the following formula:

CPI in 2020 - CPI in 1931CPI in 1931
×
100
=
Cumulative inflation rate (89 years)

Plugging in the values to this equation, we get:

136.4 - 7.97.9
×
100
=
1,627%

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

• The Empire State Building opens in New York.
• A railway explosion is faked by the Japanese in order to create a pretext for their Manchuria invasion.
• Proclamation of the Chinese People's Republic by Mao Zedong.

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: “\$1,500 in 1931 → 2020 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Jun. 2020, https://www.officialdata.org/ca/inflation/1931?amount=1500.