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Inflation calculator - Canadian Dollar

This tool is useful to calculate the time value of money based on historical inflation and CPI values. To start, select an amount and two years, or browse the default calculation results.

\$100 in 1915
\$2,561.55 in 2023

The inflation rate in Canada between 1915 and 2023 was 2,461.55%, which translates into a total increase of \$2,461.55. This means that 100 dollars in 1915 are equivalent to 2,561.55 dollars in 2023. In other words, the purchasing power of \$100 in 1915 equals \$2,561.55 in 2023. The average annual inflation rate between these periods was 3.05%.

Inflation timeline in Canada (1915 - 2023)

The following chart depicts the equivalence of \$100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (CAD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 1915 to 2023 2,461.55%
Avg. Annual inflation from 1915 to 2023 3.05%
CPI 1915 4.85
CPI 2023 124.13

How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1915 and 2023, use the corresponding CPI values:

Value2023
=Value1915 ×
CPI2023/CPI1915
=\$ 100 ×
124.13/4.85
\$2,561.55

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

• FV: Future Value
• PV: Present Value
• i: Interest rate (inflation)
• n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are \$100 worth today. There are 108 years between 1915 and 2023 and the average inflation rate was 3.0485%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=\$100 × (1 + 0.030485)108
\$2,561.55

Canada inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1915 \$25.62 dollars in 2023
\$5 dollars in 1915 \$128.08 dollars in 2023
\$10 dollars in 1915 \$256.15 dollars in 2023
\$50 dollars in 1915 \$1,280.77 dollars in 2023
\$100 dollars in 1915 \$2,561.55 dollars in 2023
\$500 dollars in 1915 \$12,807.75 dollars in 2023
\$1,000 dollars in 1915 \$25,615.49 dollars in 2023
\$5,000 dollars in 1915 \$128,077.45 dollars in 2023
\$10,000 dollars in 1915 \$256,154.91 dollars in 2023
\$50,000 dollars in 1915 \$1,280,774.53 dollars in 2023
\$100,000 dollars in 1915 \$2,561,549.06 dollars in 2023
\$500,000 dollars in 1915 \$12,807,745.3 dollars in 2023
\$1,000,000 dollars in 1915 \$25,615,490.6 dollars in 2023
 Cumulative inflation 1915-2023 2,461.55% Avg. annual inflation 1915-2023 3.05% CPI 1915 4.85 CPI 2023 124.13

Value of Dollar over time (by year)

Period Value
1915 100
1916 108.97
1917 128.53
1918 145.38
1919 159.24
1920 185.19
1921 162.77
1922 150
1923 150
1924 147.15
1925 148.91
1926 150
1927 147.83
1928 148.91
1929 150.41
1930 148.91
1931 134.24
1932 121.6
1933 116.3
1934 117.66
1935 118.21
1936 120.65
1937 125
1938 125.68
1939 124.73
1940 130.03
1941 137.77
1942 144.16
1943 147.28
1944 148.23
1945 149.18
1946 153.8
1947 167.66
1948 191.58
1949 198.23
1950 203.53
1951 225
1952 230.84
1953 228.53
1954 230.03
1955 230.43
1956 233.56
1957 241.3
1958 247.01
1959 250
1960 253.4
1961 255.98
1962 258.7
1963 262.91
1964 267.93
1965 274.18
1966 284.65
1967 294.84
1968 306.79
1969 320.79
1970 331.52
1971 340.49
1972 357.47
1973 384.24
1974 426.49
1975 472.01
1976 507.61
1977 548.1
1978 597.28
1979 651.9
1980 717.93
1981 807.47
1982 894.43
1983 946.88
1984 987.64
1985 1,026.77
1986 1,069.84
1987 1,116.44
1988 1,161.41
1989 1,219.29
1990 1,277.58
1991 1,349.46
1992 1,369.57
1993 1,395.11
1994 1,397.42
1995 1,427.45
1996 1,449.86
1997 1,473.37
1998 1,488.04
1999 1,513.86
2000 1,555.03
2001 1,594.29
2002 1,630.3
2003 1,675.27
2004 1,706.39
2005 1,744.16
2006 1,779.08
2007 1,817.12
2008 1,860.19
2009 1,865.76
2010 1,898.91
2011 1,954.21
2012 1,983.83
2013 2,002.45
2014 2,040.63
2015 2,063.59
2016 2,093.07
2017 2,126.5
2018 2,174.73
2019 2,217.12
2020 2,233.02
2021 2,308.83
2022 2,465.9
2023 2,561.55

All available years

Today's value of canadian dollar by year:

1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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