# \$100 in 1916 is worth \$1,894.44 today

\$

## Why a dollar today is worth only 5% of a dollar in 1916

Updated: September 11, 2020

According to Statistics Canada consumer price index, today's prices in 2020 are 1,794.44% higher than average prices since 1916. This means that a dollar today only buys 5.28% of what it could buy in 1916. The Canadian dollar experienced an average inflation rate of 2.87% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 1916 is equivalent in purchasing power to about \$1,894.44 in 2020, a difference of \$1,794.44 over 104 years.

The 1916 inflation rate was 14.29%. The current year-over-year inflation rate (2019 to 2020) is now 2.25%1. If this number holds, \$100 today will be equivalent in buying power to \$102.25 next year.

 Cumulative price change 1,794.44% Average inflation rate 2.87% Converted amount (\$100 base) \$1,894.44 Price difference (\$100 base) \$1,794.44 CPI in 1916 7.200 CPI in 2020 136.400 Inflation in 1916 14.29% Inflation in 2020 2.25%

## Buying power of \$100 in 1916

This chart shows a calculation of buying power equivalence for \$100 in 1916 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$1,894.44 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,894.44 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 1916 dollars, the chart below shows how \$100 is worth less over 104 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: 1916-2020
Year Dollar Value Inflation Rate
1916 \$100.00 14.29%
1917 \$115.28 15.28%
1918 \$130.56 13.25%
1919 \$141.67 8.51%
1920 \$155.56 9.80%
1921 \$130.56 -16.07%
1922 \$127.78 -2.13%
1923 \$127.78 0.00%
1924 \$126.39 -1.09%
1925 \$129.17 2.20%
1926 \$127.78 -1.08%
1927 \$126.39 -1.09%
1928 \$127.78 1.10%
1929 \$130.56 2.17%
1930 \$122.22 -6.38%
1931 \$109.72 -10.23%
1932 \$101.39 -7.59%
1933 \$98.61 -2.74%
1934 \$100.00 1.41%
1935 \$102.78 2.78%
1936 \$104.17 1.35%
1937 \$108.33 4.00%
1938 \$105.56 -2.56%
1939 \$108.33 2.63%
1940 \$113.89 5.13%
1941 \$120.83 6.10%
1942 \$125.00 3.45%
1943 \$127.78 2.22%
1944 \$125.00 -2.17%
1945 \$127.78 2.22%
1946 \$134.72 5.43%
1947 \$154.17 14.43%
1948 \$168.06 9.01%
1949 \$169.44 0.83%
1950 \$179.17 5.74%
1951 \$198.61 10.85%
1952 \$195.83 -1.40%
1953 \$195.83 0.00%
1954 \$195.83 0.00%
1955 \$197.22 0.71%
1956 \$202.78 2.82%
1957 \$206.94 2.05%
1958 \$212.50 2.68%
1959 \$215.28 1.31%
1960 \$218.06 1.29%
1961 \$218.06 0.00%
1962 \$222.22 1.91%
1963 \$226.39 1.88%
1964 \$230.56 1.84%
1965 \$237.50 3.01%
1966 \$245.83 3.51%
1967 \$255.56 3.95%
1968 \$266.67 4.35%
1969 \$279.17 4.69%
1970 \$281.94 1.00%
1971 \$295.83 4.93%
1972 \$311.11 5.16%
1973 \$340.28 9.38%
1974 \$383.33 12.65%
1975 \$419.44 9.42%
1976 \$443.06 5.63%
1977 \$484.72 9.40%
1978 \$526.39 8.60%
1979 \$577.78 9.76%
1980 \$641.67 11.06%
1981 \$719.44 12.12%
1982 \$786.11 9.27%
1983 \$822.22 4.59%
1984 \$852.78 3.72%
1985 \$890.28 4.40%
1986 \$927.78 4.21%
1987 \$966.67 4.19%
1988 \$1,004.17 3.88%
1989 \$1,056.94 5.26%
1990 \$1,109.72 4.99%
1991 \$1,151.39 3.75%
1992 \$1,176.39 2.17%
1993 \$1,195.83 1.65%
1994 \$1,198.61 0.23%
1995 \$1,219.44 1.74%
1996 \$1,245.83 2.16%
1997 \$1,255.56 0.78%
1998 \$1,268.06 1.00%
1999 \$1,301.39 2.63%
2000 \$1,343.06 3.20%
2001 \$1,352.78 0.72%
2002 \$1,404.17 3.80%
2003 \$1,433.33 2.08%
2004 \$1,463.89 2.13%
2005 \$1,494.44 2.09%
2006 \$1,519.44 1.67%
2007 \$1,555.56 2.38%
2008 \$1,573.61 1.16%
2009 \$1,594.44 1.32%
2010 \$1,631.94 2.35%
2011 \$1,669.44 2.30%
2012 \$1,683.33 0.83%
2013 \$1,704.17 1.24%
2014 \$1,729.17 1.47%
2015 \$1,756.94 1.61%
2016 \$1,783.33 1.50%
2017 \$1,811.11 1.56%
2018 \$1,816.67 0.31%
2019 \$1,852.78 1.99%
2020 \$1,894.44 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 98 more rows

This conversion table shows various other 1916 amounts in today's dollars, based on the 1,794.44% change in prices:

Conversion Table: Value of a dollar today
Initial value Equivalent value
\$1 dollar in 1916 \$18.94 dollars today
\$5 dollars in 1916 \$94.72 dollars today
\$10 dollars in 1916 \$189.44 dollars today
\$50 dollars in 1916 \$947.22 dollars today
\$100 dollars in 1916 \$1,894.44 dollars today
\$500 dollars in 1916 \$9,472.22 dollars today
\$1,000 dollars in 1916 \$18,944.44 dollars today
\$5,000 dollars in 1916 \$94,722.22 dollars today
\$10,000 dollars in 1916 \$189,444.44 dollars today
\$50,000 dollars in 1916 \$947,222.22 dollars today
\$100,000 dollars in 1916 \$1,894,444.44 dollars today
\$500,000 dollars in 1916 \$9,472,222.22 dollars today
\$1,000,000 dollars in 1916 \$18,944,444.44 dollars today

## How to Calculate Inflation Rate for \$100 since 1916

Our calculations use the following inflation rate formula to calculate the change in value between 1916 and today:

CPI today CPI in 1916
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1916 and 136.4 in 2020:

136.47.2
×
\$100
=
\$1,894.44

\$100 in 1916 has the same "purchasing power" or "buying power" as \$1,894.44 in 2020.

To get the total inflation rate for the 104 years between 1916 and 2020, we use the following formula:

CPI in 2020 - CPI in 1916CPI in 1916
×
100
=
Cumulative inflation rate (104 years)

Plugging in the values to this equation, we get:

136.4 - 7.27.2
×
100
=
1,794%

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

• Ottoman forces successfully defend access to Constantinople, leading to ANZAC forces withdrawal from the Gallipoli Peninsula.
• An estimated 1 million men are killed during the Battle of Verdun.
• The Easter Rising ends after Irish republicans abandon the post office in Dublin and surrenders.
• Tanks known as 'Little Willies' are used for the first time at the Battle of the Somme.
• The first aerial combat in France is won by Manfred von Richthofen, known as The Red Baron, German Luftstreitkrafte flying ace.

## 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: “Value of 1916 dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Oct. 2020, https://www.officialdata.org/canada/inflation/1916?amount=&startYear=&future_pct=.

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.