CA$100 in 1934 → CA$1,463.89 in 2004

Canada Inflation Calculator


Canadian Inflation Rate, 1934-2004 (CA$100)

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.91% per year. Prices in 2004 are 1363.9% higher than prices in 1934.

In other words, CA$100 in the year 1934 is equivalent in purchasing power to CA$1,463.89 in 2004, a difference of CA$1,363.89 over 70 years.

The inflation rate in 2004 was 2.13%.

Inflation from 1934 to 2004
Cumulative price change 1363.89%
Average inflation rate 3.91%
Price difference (CA$100 base) CA$1,363.89
CPI in 1934 7.2
CPI in 2004 105.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$100, 1934 to 2004

This inflation calculator uses the following inflation rate formula:

CPI in 2004 / CPI in 1934 * 1934 CAD value = 2004 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1934 and 105.4 in 2004:

105.4 / 7.2 * CA$100 = CA$1,463.89

CA$100 in 1934 has the same "purchasing power" as CA$1,463.89 in 2004.

News headlines from 1934

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

  • American and Canadian prairies suffer during "The Great Dustbowl", a period of drought and severe dust storms.
  • John Dillinger becomes commonly known as America's first Public Enemy Number One.
  • Hitler brutally purges the leadership of the Nazi party in an event known as "Night of Long Knives".
  • The Assassination of Leningrad mayor Sergey Kirov is used as a pretext by Stalin to start the Great Purge of the Communist party.

Inflation Data Source

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: “1934 dollars in 2004 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2018,

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