\$

## The Canadian dollar has lost 96% its value since 1915

Updated: August 14, 2024

\$100 in 1915 is equivalent in purchasing power to about \$2,589.13 today, an increase of \$2,489.13 over 109 years. The dollar had an average inflation rate of 3.03% per year between 1915 and today, producing a cumulative price increase of 2,489.13%.

This means that today's prices are 25.89 times as high as average prices since 1915, according to Statistics Canada consumer price index. A dollar today only buys 3.862% of what it could buy back then.

The inflation rate in 1915 was 2.08%. The current inflation rate compared to the end of last year is now 1.15%. If this number holds, \$100 today will be equivalent in buying power to \$101.15 next year.

 Cumulative price change 2,489.13% Average inflation rate 3.03% Converted amount\$100 base \$2,589.13 Price difference\$100 base \$2,489.13 CPI in 1915 6.133 CPI in 2024 158.800 Inflation in 1915 2.08% Inflation in 2024 1.15% \$100 in 1915 \$2,589.13 in 2024

## Buying power of \$100 in 1915

This chart shows a calculation of buying power equivalence for \$100 in 1915 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$2,589.13 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$2,589.13 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 1915 dollars, the chart below shows how \$100 is worth less over 109 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: 1915-2024
YearDollar ValueInflation Rate
1915\$100.002.08%
1916\$108.978.97%
1917\$128.5317.96%
1918\$145.3813.11%
1919\$159.249.53%
1920\$185.1916.30%
1921\$162.77-12.11%
1922\$150.00-7.85%
1923\$150.000.00%
1924\$147.15-1.90%
1925\$148.911.20%
1926\$150.000.73%
1927\$147.83-1.45%
1928\$148.910.74%
1929\$150.411.00%
1930\$148.91-0.99%
1931\$134.24-9.85%
1932\$121.60-9.41%
1933\$116.30-4.36%
1934\$117.661.17%
1935\$118.210.46%
1936\$120.652.07%
1937\$125.003.60%
1938\$125.680.54%
1939\$124.73-0.76%
1940\$130.034.25%
1941\$137.775.96%
1942\$144.164.64%
1943\$147.282.17%
1944\$148.230.65%
1945\$149.180.64%
1946\$153.803.10%
1947\$167.669.01%
1948\$191.5814.26%
1949\$198.233.48%
1950\$203.532.67%
1951\$225.0010.55%
1952\$230.842.60%
1953\$228.53-1.00%
1954\$230.030.65%
1955\$230.430.18%
1956\$233.561.36%
1957\$241.303.32%
1958\$247.012.36%
1959\$250.001.21%
1960\$253.401.36%
1961\$255.981.02%
1962\$258.701.06%
1963\$262.911.63%
1964\$267.931.91%
1965\$274.182.33%
1966\$284.653.82%
1967\$294.843.58%
1968\$306.794.06%
1969\$320.794.56%
1970\$331.523.35%
1971\$340.492.70%
1972\$357.474.99%
1973\$384.247.49%
1974\$426.4911.00%
1975\$472.0110.67%
1976\$507.617.54%
1977\$548.107.98%
1978\$597.288.97%
1979\$651.909.14%
1980\$717.9310.13%
1981\$807.4712.47%
1982\$894.4310.77%
1983\$946.885.86%
1984\$987.644.30%
1985\$1,026.773.96%
1986\$1,069.844.19%
1987\$1,116.444.36%
1988\$1,161.414.03%
1989\$1,219.294.98%
1990\$1,277.584.78%
1991\$1,349.465.63%
1992\$1,369.571.49%
1993\$1,395.111.87%
1994\$1,397.420.17%
1995\$1,427.452.15%
1996\$1,449.861.57%
1997\$1,473.371.62%
1998\$1,488.041.00%
1999\$1,513.861.73%
2000\$1,555.032.72%
2001\$1,594.292.53%
2002\$1,630.302.26%
2003\$1,675.272.76%
2004\$1,706.391.86%
2005\$1,744.162.21%
2006\$1,779.082.00%
2007\$1,817.122.14%
2008\$1,860.192.37%
2009\$1,865.760.30%
2010\$1,898.911.78%
2011\$1,954.212.91%
2012\$1,983.831.52%
2013\$2,002.450.94%
2014\$2,040.621.91%
2015\$2,063.591.13%
2016\$2,093.071.43%
2017\$2,126.491.60%
2018\$2,174.732.27%
2019\$2,217.121.95%
2020\$2,233.020.72%
2021\$2,308.833.40%
2022\$2,465.906.80%
2023\$2,559.783.81%
2024\$2,589.131.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 103 more rows

This conversion table shows various other 1915 amounts in today's dollars, based on the 2,489.13% change in prices:

Conversion: 1915 dollars today
Initial valueEquivalent value
\$1 dollar in 1915\$25.89 dollars today
\$5 dollars in 1915\$129.46 dollars today
\$10 dollars in 1915\$258.91 dollars today
\$50 dollars in 1915\$1,294.57 dollars today
\$100 dollars in 1915\$2,589.13 dollars today
\$500 dollars in 1915\$12,945.65 dollars today
\$1,000 dollars in 1915\$25,891.30 dollars today
\$5,000 dollars in 1915\$129,456.52 dollars today
\$10,000 dollars in 1915\$258,913.04 dollars today
\$50,000 dollars in 1915\$1,294,565.22 dollars today
\$100,000 dollars in 1915\$2,589,130.43 dollars today
\$500,000 dollars in 1915\$12,945,652.17 dollars today
\$1,000,000 dollars in 1915\$25,891,304.35 dollars today

## How to calculate inflation rate for \$100 since 1915

Our calculations use the following inflation rate formula to calculate the change in value between 1915 and today:

CPI today CPI in 1915
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 6.133333333 in the year 1915 and 158.8 in 2024:

158.86.133333333
×
\$100
=
\$2,589.13

\$100 in 1915 has the same "purchasing power" or "buying power" as \$2,589.13 in 2024.

To get the total inflation rate for the 109 years between 1915 and 2024, we use the following formula:

CPI in 2024 - CPI in 1915CPI in 1915
×
100
=
Cumulative inflation rate (109 years)

Plugging in the values to this equation, we get:

158.8 - 6.1333333336.133333333
×
100
=
2,489%

## 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).