# \$100 in 1958 is worth \$1,048.18 today

\$

## The Canadian dollar has lost 90% its value since 1958

Updated: September 11, 2024

\$100 in 1958 is equivalent in purchasing power to about \$1,048.18 today, an increase of \$948.18 over 66 years. The dollar had an average inflation rate of 3.62% per year between 1958 and today, producing a cumulative price increase of 948.18%.

This means that today's prices are 10.48 times as high as average prices since 1958, according to Statistics Canada consumer price index. A dollar today only buys 9.540% of what it could buy back then.

The inflation rate in 1958 was 2.36%. The current inflation rate compared to the end of last year is now 1.15%. If this number holds, \$100 today will be equivalent in buying power to \$101.15 next year.

 Cumulative price change 948.18% Average inflation rate 3.62% Converted amount\$100 base \$1,048.18 Price difference\$100 base \$948.18 CPI in 1958 15.150 CPI in 2024 158.800 Inflation in 1958 2.36% Inflation in 2024 1.15% \$100 in 1958 \$1,048.18 in 2024

## Buying power of \$100 in 1958

This chart shows a calculation of buying power equivalence for \$100 in 1958 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$1,048.18 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,048.18 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 1958 dollars, the chart below shows how \$100 is worth less over 66 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: 1958-2024
YearDollar ValueInflation Rate
1958\$100.002.36%
1959\$101.211.21%
1960\$102.591.36%
1961\$103.631.02%
1962\$104.731.06%
1963\$106.441.63%
1964\$108.471.91%
1965\$111.002.33%
1966\$115.243.82%
1967\$119.363.58%
1968\$124.204.06%
1969\$129.874.56%
1970\$134.213.35%
1971\$137.842.70%
1972\$144.724.99%
1973\$155.567.49%
1974\$172.6611.00%
1975\$191.0910.67%
1976\$205.507.54%
1977\$221.897.98%
1978\$241.808.97%
1979\$263.929.14%
1980\$290.6510.13%
1981\$326.9012.47%
1982\$362.1010.77%
1983\$383.335.86%
1984\$399.834.30%
1985\$415.683.96%
1986\$433.114.19%
1987\$451.984.36%
1988\$470.194.03%
1989\$493.624.98%
1990\$517.224.78%
1991\$546.315.63%
1992\$554.461.49%
1993\$564.801.87%
1994\$565.730.17%
1995\$577.892.15%
1996\$586.961.57%
1997\$596.481.62%
1998\$602.421.00%
1999\$612.871.73%
2000\$629.542.72%
2001\$645.432.53%
2002\$660.012.26%
2003\$678.222.76%
2004\$690.811.86%
2005\$706.112.21%
2006\$720.242.00%
2007\$735.642.14%
2008\$753.082.37%
2009\$755.340.30%
2010\$768.761.78%
2011\$791.142.91%
2012\$803.141.52%
2013\$810.670.94%
2014\$826.131.91%
2015\$835.421.13%
2016\$847.361.43%
2017\$860.891.60%
2018\$880.422.27%
2019\$897.581.95%
2020\$904.020.72%
2021\$934.713.40%
2022\$998.296.80%
2023\$1,036.303.81%
2024\$1,048.181.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 60 more rows

This conversion table shows various other 1958 amounts in today's dollars, based on the 948.18% change in prices:

Conversion: 1958 dollars today
Initial valueEquivalent value
\$1 dollar in 1958\$10.48 dollars today
\$5 dollars in 1958\$52.41 dollars today
\$10 dollars in 1958\$104.82 dollars today
\$50 dollars in 1958\$524.09 dollars today
\$100 dollars in 1958\$1,048.18 dollars today
\$500 dollars in 1958\$5,240.92 dollars today
\$1,000 dollars in 1958\$10,481.85 dollars today
\$5,000 dollars in 1958\$52,409.24 dollars today
\$10,000 dollars in 1958\$104,818.48 dollars today
\$50,000 dollars in 1958\$524,092.41 dollars today
\$100,000 dollars in 1958\$1,048,184.82 dollars today
\$500,000 dollars in 1958\$5,240,924.09 dollars today
\$1,000,000 dollars in 1958\$10,481,848.18 dollars today

## How to calculate inflation rate for \$100 since 1958

Our calculations use the following inflation rate formula to calculate the change in value between 1958 and today:

CPI today CPI in 1958
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 15.15 in the year 1958 and 158.8 in 2024:

158.815.15
×
\$100
=
\$1,048.18

\$100 in 1958 has the same "purchasing power" or "buying power" as \$1,048.18 in 2024.

To get the total inflation rate for the 66 years between 1958 and 2024, we use the following formula:

CPI in 2024 - CPI in 1958CPI in 1958
×
100
=
Cumulative inflation rate (66 years)

Plugging in the values to this equation, we get:

158.8 - 15.1515.15
×
100
=
948%

## 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 1958 Canadian dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 12 Sep. 2024, https://www.officialdata.org/canada/inflation/1958.

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.