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Value of 1955 Canadian Dollar today

$100 in 1955
$1,062.77 in 2022

The inflation rate in Canada between 1955 and today has been 962.77%, which translates into a total increase of $962.77. This means that 100 dollars in 1955 are equivalent to 1,062.77 dollars in 2022. In other words, the purchasing power of $100 in 1955 equals $1,062.77 today. The average annual inflation rate between these periods has been 3.59%.

Inflation timeline in Canada (1955 - 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 1955-2021 901.95%
Cumulative inflation 1955-today 962.77%
Avg. Annual inflation 1955-2021 3.55%
CPI 1955 11.17
CPI 2021 111.88
CPI 2022-03 (latest official data) 117.65
CPI today 118.68

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 1955 and 2021, use the corresponding CPI values:

Value2021
=Value1955 ×
CPI2021/CPI1955
=$ 100 ×
111.88/11.17
$1,001.95

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 118.68:

Valuetoday
=Value1955 ×
CPItoday/CPI1955
=$ 100 ×
118.68/11.17
$1,062.77

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 66 years between 1955 and 2021 and the average inflation rate was 3.5534%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.035534)66
$1,001.95

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1955 $10.02 dollars in 2021
$5 dollars in 1955 $50.1 dollars in 2021
$10 dollars in 1955 $100.19 dollars in 2021
$50 dollars in 1955 $500.97 dollars in 2021
$100 dollars in 1955 $1,001.95 dollars in 2021
$500 dollars in 1955 $5,009.73 dollars in 2021
$1,000 dollars in 1955 $10,019.46 dollars in 2021
$5,000 dollars in 1955 $50,097.3 dollars in 2021
$10,000 dollars in 1955 $100,194.6 dollars in 2021
$50,000 dollars in 1955 $500,972.98 dollars in 2021
$100,000 dollars in 1955 $1,001,945.96 dollars in 2021
$500,000 dollars in 1955 $5,009,729.81 dollars in 2021
$1,000,000 dollars in 1955 $10,019,459.63 dollars in 2021
Cumulative inflation From 1955 962.77%
Avg. annual inflation From 1955 3.59%
CPI 1955 11.17
CPI today 118.68

Value of Dollar over time (by year)

Period Value
1955 100
1956 101.36
1957 104.72
1958 107.19
1959 108.49
1960 109.96
1961 111.08
1962 112.26
1963 114.09
1964 116.27
1965 118.99
1966 123.53
1967 127.95
1968 133.14
1969 139.21
1970 143.87
1971 147.76
1972 155.13
1973 166.75
1974 185.08
1975 204.83
1976 220.28
1977 237.85
1978 259.2
1979 282.9
1980 311.56
1981 350.41
1982 388.15
1983 410.91
1984 428.6
1985 445.58
1986 464.27
1987 484.49
1988 504.01
1989 529.13
1990 554.42
1991 585.61
1992 594.34
1993 605.42
1994 606.43
1995 619.46
1996 629.19
1997 639.39
1998 645.75
1999 656.96
2000 674.82
2001 691.86
2002 707.49
2003 727
2004 740.51
2005 756.9
2006 772.05
2007 788.56
2008 807.25
2009 809.67
2010 824.06
2011 848.05
2012 860.91
2013 868.99
2014 885.55
2015 895.52
2016 908.31
2017 922.82
2018 943.75
2019 962.15
2020 969.04
2021 1,001.95
2022-03 1,053.54
Today 1,062.77

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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