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Value of 2002 Canadian Dollar today

$100 in 2002
$154.45 in 2022

The inflation rate in Canada between 2002 and today has been 54.45%, which translates into a total increase of $54.45. This means that 100 dollars in 2002 are equivalent to 154.45 dollars in 2022. In other words, the purchasing power of $100 in 2002 equals $154.45 today. The average annual inflation rate between these periods has been 2.2%.

Inflation timeline in Canada (2002 - 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 2002-2021 41.62%
Cumulative inflation 2002-today 54.45%
Avg. Annual inflation 2002-2021 1.85%
CPI 2002 79
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 2002 and 2021, use the corresponding CPI values:

Value2021
=Value2002 ×
CPI2021/CPI2002
=$ 100 ×
111.88/79
$141.62

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

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=$ 100 ×
122.02/79
$154.45

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 19 years between 2002 and 2021 and the average inflation rate was 1.8483%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.018483)19
$141.62

Canada inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2002 $1.42 dollars in 2021
$5 dollars in 2002 $7.08 dollars in 2021
$10 dollars in 2002 $14.16 dollars in 2021
$50 dollars in 2002 $70.81 dollars in 2021
$100 dollars in 2002 $141.62 dollars in 2021
$500 dollars in 2002 $708.1 dollars in 2021
$1,000 dollars in 2002 $1,416.2 dollars in 2021
$5,000 dollars in 2002 $7,081.01 dollars in 2021
$10,000 dollars in 2002 $14,162.02 dollars in 2021
$50,000 dollars in 2002 $70,810.08 dollars in 2021
$100,000 dollars in 2002 $141,620.16 dollars in 2021
$500,000 dollars in 2002 $708,100.79 dollars in 2021
$1,000,000 dollars in 2002 $1,416,201.58 dollars in 2021
Cumulative inflation From 2002 54.45%
Avg. annual inflation From 2002 2.2%
CPI 2002 79
CPI today 122.02

Value of Dollar over time (by year)

Period Value
2002 100
2003 102.76
2004 104.67
2005 106.98
2006 109.13
2007 111.46
2008 114.1
2009 114.44
2010 116.48
2011 119.87
2012 121.69
2013 122.83
2014 125.17
2015 126.58
2016 128.39
2017 130.44
2018 133.39
2019 135.99
2020 136.97
2021 141.62
2022-10 153.81
Today 154.45

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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