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Value of 1929 Canadian Dollar today

$100 in 1929
$1,662.78 in 2022

The inflation rate in Canada between 1929 and today has been 1,562.78%, which translates into a total increase of $1,562.78. This means that 100 dollars in 1929 are equivalent to 1,662.78 dollars in 2022. In other words, the purchasing power of $100 in 1929 equals $1,662.78 today. The average annual inflation rate between these periods has been 3.07%.

Inflation timeline in Canada (1929 - 2022)

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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1929-2021 1,435.05%
Cumulative inflation 1929-today 1,562.78%
Avg. Annual inflation 1929-2021 3.01%
CPI 1929 7.29
CPI 2021 111.88
CPI 2022-08 (latest official data) 120.57
CPI today 121.19

How to calculate today's value of money after inflation?

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 1929 and 2021, use the corresponding CPI values:

Value2021
=Value1929 ×
CPI2021/CPI1929
=$ 100 ×
111.88/7.29
$1,535.05

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 121.19:

Valuetoday
=Value1929 ×
CPItoday/CPI1929
=$ 100 ×
121.19/7.29
$1,662.78

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 92 years between 1929 and 2021 and the average inflation rate was 3.0131%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.030131)92
$1,535.05

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1929 $15.35 dollars in 2021
$5 dollars in 1929 $76.75 dollars in 2021
$10 dollars in 1929 $153.5 dollars in 2021
$50 dollars in 1929 $767.52 dollars in 2021
$100 dollars in 1929 $1,535.05 dollars in 2021
$500 dollars in 1929 $7,675.25 dollars in 2021
$1,000 dollars in 1929 $15,350.5 dollars in 2021
$5,000 dollars in 1929 $76,752.5 dollars in 2021
$10,000 dollars in 1929 $153,504.99 dollars in 2021
$50,000 dollars in 1929 $767,524.96 dollars in 2021
$100,000 dollars in 1929 $1,535,049.91 dollars in 2021
$500,000 dollars in 1929 $7,675,249.56 dollars in 2021
$1,000,000 dollars in 1929 $15,350,499.11 dollars in 2021
Cumulative inflation From 1929 1,562.78%
Avg. annual inflation From 1929 3.07%
CPI 1929 7.29
CPI today 121.19

Value of Dollar over time (by year)

Period Value
1929 100
1930 99.01
1931 89.25
1932 80.85
1933 77.33
1934 78.23
1935 78.59
1936 80.22
1937 83.11
1938 83.56
1939 82.93
1940 86.45
1941 91.6
1942 95.84
1943 97.92
1944 98.55
1945 99.19
1946 102.26
1947 111.47
1948 127.37
1949 131.8
1950 135.32
1951 149.59
1952 153.48
1953 151.94
1954 152.94
1955 153.21
1956 155.28
1957 160.43
1958 164.23
1959 166.22
1960 168.47
1961 170.19
1962 172
1963 174.8
1964 178.14
1965 182.29
1966 189.25
1967 196.03
1968 203.97
1969 213.28
1970 220.42
1971 226.38
1972 237.67
1973 255.47
1974 283.56
1975 313.82
1976 337.49
1977 364.41
1978 397.11
1979 433.42
1980 477.33
1981 536.86
1982 594.67
1983 629.54
1984 656.64
1985 682.66
1986 711.29
1987 742.28
1988 772.18
1989 810.66
1990 849.41
1991 897.2
1992 910.57
1993 927.55
1994 929.09
1995 949.05
1996 963.96
1997 979.58
1998 989.34
1999 1,006.5
2000 1,033.88
2001 1,059.98
2002 1,083.92
2003 1,113.82
2004 1,134.51
2005 1,159.62
2006 1,182.84
2007 1,208.13
2008 1,236.77
2009 1,240.47
2010 1,262.51
2011 1,299.28
2012 1,318.97
2013 1,331.35
2014 1,356.73
2015 1,372
2016 1,391.6
2017 1,413.82
2018 1,445.89
2019 1,474.07
2020 1,484.64
2021 1,535.05
2022-08 1,654.2
Today 1,662.78

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 |

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