$100 in 2013 is equivalent in purchasing power to about $111.98 today, an increase of $11.98 over 8 years. The dollar had an average inflation rate of 1.42% per year between 2013 and today, producing a cumulative price increase of 11.98%.

This means that today's prices are 1.12 times higher than average prices since 2013, according to Statistics Canada consumer price index. A dollar today only buys 89.30% of what it could buy back then.

The 2013 inflation rate was 1.24%. 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.

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Cumulative price change | 11.98% |

Average inflation rate | 1.42% |

Converted amount ($100 base) | $111.98 |

Price difference ($100 base) | $11.98 |

CPI in 2013 | 122.700 |

CPI in 2021 | 137.400 |

Inflation in 2013 | 1.24% |

Inflation in 2021 | 0.73% |

$100 in 2013 | $111.98 in 2021 |

This chart shows a calculation of buying power equivalence for $100 in 2013 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $111.98 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $111.98 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 2013 dollars, the chart below shows how $100 is worth less over 8 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 2013 amounts in today's dollars, based on the 11.98% change in prices:

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

$1 dollar in 2013 | $1.12 dollars today |

$5 dollars in 2013 | $5.60 dollars today |

$10 dollars in 2013 | $11.20 dollars today |

$50 dollars in 2013 | $55.99 dollars today |

$100 dollars in 2013 | $111.98 dollars today |

$500 dollars in 2013 | $559.90 dollars today |

$1,000 dollars in 2013 | $1,119.80 dollars today |

$5,000 dollars in 2013 | $5,599.02 dollars today |

$10,000 dollars in 2013 | $11,198.04 dollars today |

$50,000 dollars in 2013 | $55,990.22 dollars today |

$100,000 dollars in 2013 | $111,980.44 dollars today |

$500,000 dollars in 2013 | $559,902.20 dollars today |

$1,000,000 dollars in 2013 | $1,119,804.40 dollars today |

Our calculations use the following inflation rate formula to calculate the change in value between 2013 and today:

CPI today
CPI in 2013

×

2013 CAD value

=

Today's value

Then plug in historical CPI values. The Canadian CPI was 122.7 in the year 2013 and 137.4 in 2021:

137.4122.7

×

$100

=

$100 in 2013 has the same "purchasing power" or "buying power" as $111.98 in 2021.

To get the total inflation rate for the 8 years between 2013 and 2021, we use the following formula:

CPI in 2021 - CPI in 2013CPI in 2013

×

100

=

Plugging in the values to this equation, we get:

137.4 - 122.7122.7

×

100

=

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

- 100,000 people march in Dhaka demanding justice for the atrocities committed during the Bangladesh Liberation War.
- Pope Benedict XVI resigns, becoming the first pope to do so since 1415.
- Two explosions near the finish line of the Boston Marathon, kill 3 and injure 183 people,
- Xi Jinping becomes President of the People's Republic of China.

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 2013 dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Sep. 2021, https://www.officialdata.org/canada/inflation/2013.

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 | 11.98% |

Average inflation rate | 1.42% |

Converted amount ($100 base) | $111.98 |

Price difference ($100 base) | $11.98 |

CPI in 2013 | 122.700 |

CPI in 2021 | 137.400 |

Inflation in 2013 | 1.24% |

Inflation in 2021 | 0.73% |

$100 in 2013 | $111.98 in 2021 |