$100 in 2020 is worth $105.14 today

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Value of $100 from 2020 to 2022

$100 in 2020 is equivalent in purchasing power to about $105.14 today, an increase of $5.14 over 2 years. The dollar had an average inflation rate of 2.54% per year between 2020 and today, producing a cumulative price increase of 5.14%.

This means that today's prices are 1.05 times higher than average prices since 2020, according to Statistics Canada consumer price index. A dollar today only buys 95.111% of what it could buy back then.

The inflation rate in 2020 was 0.72%. The current inflation rate compared to last year is now 1.69%. If this number holds, $100 today will be equivalent in buying power to $101.69 next year.


Inflation from 2020 to 2022
Cumulative price change 5.14%
Average inflation rate 2.54%
Converted amount ($100 base) $105.14
Price difference ($100 base) $5.14
CPI in 2020 136.958
CPI in 2022 144.000
Inflation in 2020 0.72%
Inflation in 2022 1.69%
$100 in 2020 $105.14 in 2022

Recent CAD inflation
Annual Rate, Statistics Canada CPI
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Buying power of $100 in 2020

This chart shows a calculation of buying power equivalence for $100 in 2020 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $105.14 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $105.14 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 2020 dollars, the chart below shows how $100 is worth less over 2 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: 2020-2022
Year Dollar Value Inflation Rate
2020 $100.00 0.72%
2021 $103.40 3.40%
2022 $105.14 1.69%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2020 amounts in today's dollars, based on the 5.14% change in prices:

Conversion: 2020 dollars today
Initial value Equivalent value
$1 dollar in 2020 $1.05 dollars today
$5 dollars in 2020 $5.26 dollars today
$10 dollars in 2020 $10.51 dollars today
$50 dollars in 2020 $52.57 dollars today
$100 dollars in 2020 $105.14 dollars today
$500 dollars in 2020 $525.71 dollars today
$1,000 dollars in 2020 $1,051.41 dollars today
$5,000 dollars in 2020 $5,257.07 dollars today
$10,000 dollars in 2020 $10,514.15 dollars today
$50,000 dollars in 2020 $52,570.73 dollars today
$100,000 dollars in 2020 $105,141.47 dollars today
$500,000 dollars in 2020 $525,707.33 dollars today
$1,000,000 dollars in 2020 $1,051,414.66 dollars today

How to calculate inflation rate for $100 since 2020

Our calculations use the following inflation rate formula to calculate the change in value between 2020 and today:

CPI today CPI in 2020
×
2020 CAD value
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 136.9583333 in the year 2020 and 144 in 2022:

144136.9583333
×
$100
=
$105.14

$100 in 2020 has the same "purchasing power" or "buying power" as $105.14 in 2022.

To get the total inflation rate for the 2 years between 2020 and 2022, we use the following formula:

CPI in 2022 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

144 - 136.9583333136.9583333
×
100
=
5%

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: “$100 in 2020 → 2022 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 17 May. 2022, https://www.officialdata.org/canada/inflation/2020?amount=100&endYear=2022.

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

About the author

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.

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Inflation from 2020 to 2022
Cumulative price change 5.14%
Average inflation rate 2.54%
Converted amount ($100 base) $105.14
Price difference ($100 base) $5.14
CPI in 2020 136.958
CPI in 2022 144.000
Inflation in 2020 0.72%
Inflation in 2022 1.69%
$100 in 2020 $105.14 in 2022