# \$100 in 2019 is worth \$102.25 today

\$

## Why a dollar today is worth only 98% of a dollar in 2019

Updated: September 11, 2020

According to Statistics Canada consumer price index, today's prices in 2020 are 2.25% higher than average prices since 2019. This means that a dollar today only buys 97.80% of what it could buy in 2019. The Canadian dollar experienced an average inflation rate of 2.25% in the last 12 months. This means the real value of a dollar has been decreasing recently.

In other words, \$100 in 2019 is equivalent in purchasing power to about \$102.25 in 2020.

The 2019 inflation rate was 1.99%. 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.

 Average inflation rate 2.25% Converted amount (\$100 base) \$102.25 Price difference (\$100 base) \$2.25 CPI in 2019 133.400 CPI in 2020 136.400 Inflation in 2019 1.99% Inflation in 2020 2.25%

## How to Calculate Inflation Rate for \$100 since 2019

Our calculations use the following inflation rate formula to calculate the change in value between 2019 and today:

CPI today CPI in 2019
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 133.4 in the year 2019 and 136.4 in 2020:

136.4133.4
×
\$100
=
\$102.25

\$100 in 2019 has the same "purchasing power" or "buying power" as \$102.25 in 2020.

To get the total inflation rate for the 1 years between 2019 and 2020, we use the following formula:

CPI in 2020 - CPI in 2019CPI in 2019
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

136.4 - 133.4133.4
×
100
=
2%

## 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 2019 dollars today | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Sep. 2020, https://www.officialdata.org/canada/inflation/2019?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.

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.

 Average inflation rate 2.25% Converted amount (\$100 base) \$102.25 Price difference (\$100 base) \$2.25 CPI in 2019 133.400 CPI in 2020 136.400 Inflation in 2019 1.99% Inflation in 2020 2.25%