$

Value of 1954 Canadian Dollar today

$100 in 1954
$1,094.66 in 2022

The inflation rate in Canada between 1954 and today has been 994.66%, which translates into a total increase of $994.66. This means that 100 dollars in 1954 are equivalent to 1,094.66 dollars in 2022. In other words, the purchasing power of $100 in 1954 equals $1,094.66 today. The average annual inflation rate between these periods has been 3.58%.

Inflation timeline in Canada (1954 - 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 1954-2021 903.72%
Cumulative inflation 1954-today 994.66%
Avg. Annual inflation 1954-2021 3.5%
CPI 1954 11.15
CPI 2021 111.88
CPI 2022-10 (latest official data) 121.52
CPI today 122.02

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 1954 and 2021, use the corresponding CPI values:

Value2021
=Value1954 ×
CPI2021/CPI1954
=$ 100 ×
111.88/11.15
$1,003.72

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.02:

Valuetoday
=Value1954 ×
CPItoday/CPI1954
=$ 100 ×
122.02/11.15
$1,094.66

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 67 years between 1954 and 2021 and the average inflation rate was 3.5022%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.035022)67
$1,003.72

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1954 $10.04 dollars in 2021
$5 dollars in 1954 $50.19 dollars in 2021
$10 dollars in 1954 $100.37 dollars in 2021
$50 dollars in 1954 $501.86 dollars in 2021
$100 dollars in 1954 $1,003.72 dollars in 2021
$500 dollars in 1954 $5,018.61 dollars in 2021
$1,000 dollars in 1954 $10,037.21 dollars in 2021
$5,000 dollars in 1954 $50,186.06 dollars in 2021
$10,000 dollars in 1954 $100,372.12 dollars in 2021
$50,000 dollars in 1954 $501,860.6 dollars in 2021
$100,000 dollars in 1954 $1,003,721.19 dollars in 2021
$500,000 dollars in 1954 $5,018,605.97 dollars in 2021
$1,000,000 dollars in 1954 $10,037,211.94 dollars in 2021
Cumulative inflation From 1954 994.66%
Avg. annual inflation From 1954 3.58%
CPI 1954 11.15
CPI today 122.02

Value of Dollar over time (by year)

Period Value
1954 100
1955 100.18
1956 101.54
1957 104.9
1958 107.38
1959 108.68
1960 110.16
1961 111.28
1962 112.46
1963 114.29
1964 116.48
1965 119.2
1966 123.74
1967 128.17
1968 133.37
1969 139.46
1970 144.12
1971 148.02
1972 155.4
1973 167.04
1974 185.41
1975 205.2
1976 220.67
1977 238.28
1978 259.66
1979 283.4
1980 312.11
1981 351.03
1982 388.84
1983 411.64
1984 429.36
1985 446.37
1986 465.09
1987 485.35
1988 504.9
1989 530.06
1990 555.4
1991 586.65
1992 595.39
1993 606.5
1994 607.5
1995 620.56
1996 630.3
1997 640.52
1998 646.9
1999 658.12
2000 676.02
2001 693.09
2002 708.74
2003 728.29
2004 741.82
2005 758.24
2006 773.42
2007 789.96
2008 808.68
2009 811.1
2010 825.52
2011 849.56
2012 862.43
2013 870.53
2014 887.12
2015 897.11
2016 909.92
2017 924.45
2018 945.42
2019 963.85
2020 970.76
2021 1,003.72
2022-10 1,090.14
Today 1,094.66

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 |

Other currencies: