# \$100 in 1920 is worth \$815.18 in 1998

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## Value of \$100 from 1920 to 1998

\$100 in 1920 is equivalent in purchasing power to about \$815.18 in 1998, an increase of \$715.18 over 78 years. The dollar had an average inflation rate of 2.73% per year between 1920 and 1998, producing a cumulative price increase of 715.18%.

This means that prices in 1998 are 8.15 times higher than average prices since 1920, according to Statistics Canada consumer price index.

The 1920 inflation rate was 9.80%. The inflation rate in 1998 was 1.00%. The 1998 inflation rate is lower compared to the average inflation rate of 1.79% per year between 1998 and 2021.

 Cumulative price change 715.18% Average inflation rate 2.73% Converted amount (\$100 base) \$815.18 Price difference (\$100 base) \$715.18 CPI in 1920 11.200 CPI in 1998 91.300 Inflation in 1920 9.80% Inflation in 1998 1.00% \$100 in 1920 \$815.18 in 1998

## Buying power of \$100 in 1920

This chart shows a calculation of buying power equivalence for \$100 in 1920 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$815.18 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$815.18 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 1920 dollars, the chart below shows how \$100 is worth less over 78 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: 1920-1998
Year Dollar Value Inflation Rate
1920 \$100.00 9.80%
1921 \$83.93 -16.07%
1922 \$82.14 -2.13%
1923 \$82.14 0.00%
1924 \$81.25 -1.09%
1925 \$83.04 2.20%
1926 \$82.14 -1.08%
1927 \$81.25 -1.09%
1928 \$82.14 1.10%
1929 \$83.93 2.17%
1930 \$78.57 -6.38%
1931 \$70.54 -10.23%
1932 \$65.18 -7.59%
1933 \$63.39 -2.74%
1934 \$64.29 1.41%
1935 \$66.07 2.78%
1936 \$66.96 1.35%
1937 \$69.64 4.00%
1938 \$67.86 -2.56%
1939 \$69.64 2.63%
1940 \$73.21 5.13%
1941 \$77.68 6.10%
1942 \$80.36 3.45%
1943 \$82.14 2.22%
1944 \$80.36 -2.17%
1945 \$82.14 2.22%
1946 \$86.61 5.43%
1947 \$99.11 14.43%
1948 \$108.04 9.01%
1949 \$108.93 0.83%
1950 \$115.18 5.74%
1951 \$127.68 10.85%
1952 \$125.89 -1.40%
1953 \$125.89 0.00%
1954 \$125.89 0.00%
1955 \$126.79 0.71%
1956 \$130.36 2.82%
1957 \$133.04 2.05%
1958 \$136.61 2.68%
1959 \$138.39 1.31%
1960 \$140.18 1.29%
1961 \$140.18 0.00%
1962 \$142.86 1.91%
1963 \$145.54 1.88%
1964 \$148.21 1.84%
1965 \$152.68 3.01%
1966 \$158.04 3.51%
1967 \$164.29 3.95%
1968 \$171.43 4.35%
1969 \$179.46 4.69%
1970 \$181.25 1.00%
1971 \$190.18 4.93%
1972 \$200.00 5.16%
1973 \$218.75 9.38%
1974 \$246.43 12.65%
1975 \$269.64 9.42%
1976 \$284.82 5.63%
1977 \$311.61 9.40%
1978 \$338.39 8.60%
1979 \$371.43 9.76%
1980 \$412.50 11.06%
1981 \$462.50 12.12%
1982 \$505.36 9.27%
1983 \$528.57 4.59%
1984 \$548.21 3.72%
1985 \$572.32 4.40%
1986 \$596.43 4.21%
1987 \$621.43 4.19%
1988 \$645.54 3.88%
1989 \$679.46 5.26%
1990 \$713.39 4.99%
1991 \$740.18 3.75%
1992 \$756.25 2.17%
1993 \$768.75 1.65%
1994 \$770.54 0.23%
1995 \$783.93 1.74%
1996 \$800.89 2.16%
1997 \$807.14 0.78%
1998 \$815.18 1.00%
1999 \$836.61 2.63%
2000 \$863.39 3.20%
2001 \$869.64 0.72%
2002 \$902.68 3.80%
2003 \$921.43 2.08%
2004 \$941.07 2.13%
2005 \$960.71 2.09%
2006 \$976.79 1.67%
2007 \$1,000.00 2.38%
2008 \$1,011.61 1.16%
2009 \$1,025.00 1.32%
2010 \$1,049.11 2.35%
2011 \$1,073.21 2.30%
2012 \$1,082.14 0.83%
2013 \$1,095.54 1.24%
2014 \$1,111.61 1.47%
2015 \$1,129.46 1.61%
2016 \$1,146.43 1.50%
2017 \$1,164.29 1.56%
2018 \$1,167.86 0.31%
2019 \$1,191.07 1.99%
2020 \$1,217.86 2.25%
2021 \$1,226.79 0.73%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 72 more rows

This conversion table shows various other 1920 amounts in 1998 dollars, based on the 715.18% change in prices:

Conversion: 1920 dollars in 1998
Initial value Equivalent value
\$1 dollar in 1920 \$8.15 dollars in 1998
\$5 dollars in 1920 \$40.76 dollars in 1998
\$10 dollars in 1920 \$81.52 dollars in 1998
\$50 dollars in 1920 \$407.59 dollars in 1998
\$100 dollars in 1920 \$815.18 dollars in 1998
\$500 dollars in 1920 \$4,075.89 dollars in 1998
\$1,000 dollars in 1920 \$8,151.79 dollars in 1998
\$5,000 dollars in 1920 \$40,758.93 dollars in 1998
\$10,000 dollars in 1920 \$81,517.86 dollars in 1998
\$50,000 dollars in 1920 \$407,589.29 dollars in 1998
\$100,000 dollars in 1920 \$815,178.57 dollars in 1998
\$500,000 dollars in 1920 \$4,075,892.86 dollars in 1998
\$1,000,000 dollars in 1920 \$8,151,785.71 dollars in 1998

## How to Calculate Inflation Rate for \$100, 1920 to 1998

Our calculations use the following inflation rate formula to calculate the change in value between 1920 and 1998:

CPI in 1998 CPI in 1920
×
=

Then plug in historical CPI values. The Canadian CPI was 11.2 in the year 1920 and 91.3 in 1998:

91.311.2
×
\$100
=
\$815.18

\$100 in 1920 has the same "purchasing power" or "buying power" as \$815.18 in 1998.

To get the total inflation rate for the 78 years between 1920 and 1998, we use the following formula:

CPI in 1998 - CPI in 1920CPI in 1920
×
100
=
Cumulative inflation rate (78 years)

Plugging in the values to this equation, we get:

91.3 - 11.211.2
×
100
=
715%

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

• The League of Nations' first assembly takes place in Paris.
• The British Parliament passes the Fourth Home Rule Act, dividing Ireland into two parts and leading to a yearlong Anglo-Irish war in the southern counties.
• The Catholic Church canonizes Joan of Arc, formally making her a saint.
• The 19th Amendment to the constitution is ratified, granting U.S. woman suffrage for the first time.

## 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: “\$100 in 1920 → 1998 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jul. 2021, https://www.officialdata.org/canada/inflation/1920?amount=100&endYear=1998.

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.

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 715.18% Average inflation rate 2.73% Converted amount (\$100 base) \$815.18 Price difference (\$100 base) \$715.18 CPI in 1920 11.200 CPI in 1998 91.300 Inflation in 1920 9.80% Inflation in 1998 1.00% \$100 in 1920 \$815.18 in 1998