$100 in 1980 is equivalent in purchasing power to about $297.40 today, an increase of $197.40 over 41 years. The dollar had an average inflation rate of 2.69% per year between 1980 and today, producing a cumulative price increase of 197.40%.

This means that today's prices are 2.97 times higher than average prices since 1980, according to Statistics Canada consumer price index. A dollar today only buys 33.62% of what it could buy back then.

The 1980 inflation rate was 11.06%. The current year-over-year inflation rate (2020 to 2021) is now 0.73%^{1}.
If this number holds, $100 today will be equivalent in buying power to $100.73 next year.

⌃

Cumulative price change | 197.40% |

Average inflation rate | 2.69% |

Converted amount ($100 base) | $297.40 |

Price difference ($100 base) | $197.40 |

CPI in 1980 | 46.200 |

CPI in 2021 | 137.400 |

Inflation in 1980 | 11.06% |

Inflation in 2021 | 0.73% |

$100 in 1980 | $297.40 in 2021 |

This chart shows a calculation of buying power equivalence for $100 in 1980 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $297.40 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $297.40 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 1980 dollars, the chart below shows how $100 is worth less over 41 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1980 amounts in today's dollars, based on the 197.40% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1980 | $2.97 dollars today |

$5 dollars in 1980 | $14.87 dollars today |

$10 dollars in 1980 | $29.74 dollars today |

$50 dollars in 1980 | $148.70 dollars today |

$100 dollars in 1980 | $297.40 dollars today |

$500 dollars in 1980 | $1,487.01 dollars today |

$1,000 dollars in 1980 | $2,974.03 dollars today |

$5,000 dollars in 1980 | $14,870.13 dollars today |

$10,000 dollars in 1980 | $29,740.26 dollars today |

$50,000 dollars in 1980 | $148,701.30 dollars today |

$100,000 dollars in 1980 | $297,402.60 dollars today |

$500,000 dollars in 1980 | $1,487,012.99 dollars today |

$1,000,000 dollars in 1980 | $2,974,025.97 dollars today |

Our calculations use the following inflation rate formula to calculate the change in value between 1980 and today:

CPI today
CPI in 1980

×

1980 CAD value

=

Today's value

Then plug in historical CPI values. The Canadian CPI was 46.2 in the year 1980 and 137.4 in 2021:

137.446.2

×

$100

=

$100 in 1980 has the same "purchasing power" or "buying power" as $297.40 in 2021.

To get the total inflation rate for the 41 years between 1980 and 2021, we use the following formula:

CPI in 2021 - CPI in 1980CPI in 1980

×

100

=

Plugging in the values to this equation, we get:

137.4 - 46.246.2

×

100

=

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

- Princess Victoria is crowned Princess of Sweden.
- Iranian protesters storm the Russian embassy in Iran.
- Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
- Cable News Network (CNN) is transmitted for the first time.
- Saddam Hussein, President of Iraq, declares a holy war on Iran.

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 1980 dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Sep. 2021, https://www.officialdata.org/canada/inflation/1980.

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.

Cumulative price change | 197.40% |

Average inflation rate | 2.69% |

Converted amount ($100 base) | $297.40 |

Price difference ($100 base) | $197.40 |

CPI in 1980 | 46.200 |

CPI in 2021 | 137.400 |

Inflation in 1980 | 11.06% |

Inflation in 2021 | 0.73% |

$100 in 1980 | $297.40 in 2021 |