The Impact of Inflation on value of $5 from 1935 to 2024
In 1913 the price of $5 is approximately equal to $108.88 in 2024. Prices changed by 3.54% (or $1.17) per year on average during that period. It means that every purchase will cost you 21.78 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $5 in 1935 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is $5 in 1935 Worth Today?
- Converted Amount: The $5 from 1935, adjusted for inflation, would be equivalent to $108.88 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 2077.53%.
- Average Inflation Rate: The average annual inflation rate between 1935 and 2024 has been 3.54%.
| Cumulative price change | 2077.53% |
| Average inflation rate | 3.54% |
| Converted amount | 108.88 |
| Price difference | 103.88 |
| CPI in 1935 | 7.3 |
| CPI in 2024 | 158.96 |
| Inflation in 1935 | 1.39% |
| Inflation in 2024 | 1.18% |
| 5 in 1935 | 108.88 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1935: 7.3
- CPI in 2024: 158.96
Inflation Rate at 1935 and 2024
- Inflation in 1935: 1.39%
- Inflation in 2024: 1.18%
Price Difference
- The price difference between 1935 and 2024 is $103.88.
1935 to 2024 Inflation Calculator
To understand the transformation of $5 from 1935 into 2024 Canadian Dollars, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1935 | 7.3 | 1.39% | $5 |
| 2024 | 158.96 | 1.18% | $108.88 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $5 in 1935
$5 in the year 1935 is now worth $108.88 in 2024, showing a substantial increase of $103.88 over the years. This change underscores how the average inflation rate of 3.54% annually has eroded the purchasing power of the Canadian Dollar.