# \$100 in 2005 is worth \$126.77 today

\$

## Why a dollar today is worth only 79% of a dollar in 2005

Updated: September 11, 2020

According to Statistics Canada consumer price index, today's prices in 2020 are 26.77% higher than average prices since 2005. This means that a dollar today only buys 78.88% of what it could buy in 2005. The Canadian dollar experienced an average inflation rate of 1.59% per year during this period, causing the real value of a dollar to decrease.

In other words, \$100 in 2005 is equivalent in purchasing power to about \$126.77 in 2020, a difference of \$26.77 over 15 years.

The 2005 inflation rate was 2.09%. 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 26.77% Average inflation rate 1.59% Converted amount (\$100 base) \$126.77 Price difference (\$100 base) \$26.77 CPI in 2005 107.600 CPI in 2020 136.400 Inflation in 2005 2.09% Inflation in 2020 2.25%

## Buying power of \$100 in 2005

This chart shows a calculation of buying power equivalence for \$100 in 2005 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$126.77 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$126.77 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 2005 dollars, the chart below shows how \$100 is worth less over 15 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: 2005-2020
Year Dollar Value Inflation Rate
2005 \$100.00 2.09%
2006 \$101.67 1.67%
2007 \$104.09 2.38%
2008 \$105.30 1.16%
2009 \$106.69 1.32%
2010 \$109.20 2.35%
2011 \$111.71 2.30%
2012 \$112.64 0.83%
2013 \$114.03 1.24%
2014 \$115.71 1.47%
2015 \$117.57 1.61%
2016 \$119.33 1.50%
2017 \$121.19 1.56%
2018 \$121.56 0.31%
2019 \$123.98 1.99%
2020 \$126.77 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 9 more rows

This conversion table shows various other 2005 amounts in today's dollars, based on the 26.77% change in prices:

Conversion Table: Value of a dollar today
Initial value Equivalent value
\$1 dollar in 2005 \$1.27 dollars today
\$5 dollars in 2005 \$6.34 dollars today
\$10 dollars in 2005 \$12.68 dollars today
\$50 dollars in 2005 \$63.38 dollars today
\$100 dollars in 2005 \$126.77 dollars today
\$500 dollars in 2005 \$633.83 dollars today
\$1,000 dollars in 2005 \$1,267.66 dollars today
\$5,000 dollars in 2005 \$6,338.29 dollars today
\$10,000 dollars in 2005 \$12,676.58 dollars today
\$50,000 dollars in 2005 \$63,382.90 dollars today
\$100,000 dollars in 2005 \$126,765.80 dollars today
\$500,000 dollars in 2005 \$633,829.00 dollars today
\$1,000,000 dollars in 2005 \$1,267,657.99 dollars today

## How to Calculate Inflation Rate for \$100 since 2005

Our calculations use the following inflation rate formula to calculate the change in value between 2005 and today:

CPI today CPI in 2005
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 107.6 in the year 2005 and 136.4 in 2020:

136.4107.6
×
\$100
=
\$126.77

\$100 in 2005 has the same "purchasing power" or "buying power" as \$126.77 in 2020.

To get the total inflation rate for the 15 years between 2005 and 2020, we use the following formula:

CPI in 2020 - CPI in 2005CPI in 2005
×
100
=
Cumulative inflation rate (15 years)

Plugging in the values to this equation, we get:

136.4 - 107.6107.6
×
100
=
27%

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

• Egyptian President Hosni Mubarak asks Parliament to amend Article 76 and orders constitutional changes in order to allow multi-candidate presidential elections.
• Syria's 29-year-long military domination of Lebanon ends, after it withdraws the last of its 14,000 troops under international pressure.
• A coordinated bomb attack hits London's public transport system, during the morning rush hour, killing 52 and injuring a further 700 people.
• Angela Merkel becomes first female Chancellor of Germany.

## 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 2005 dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Sep. 2020, https://www.officialdata.org/canada/inflation/2005?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.