$1500 in 1955 is worth $16910.64 today

16'910.64

Value of $1500 from 1955 to 2024

In 1913 the price of $1500 is approximately equal to $16910.64 today in 2024. Prices changed by 3.56% (or $223.34) per year on average during that period. It means that every purchase will cost you 11.27 times as much.
For anyone curious about the value of $1500 in 1955 and what it would be worth today in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.


How Much is $1500 in 1955 Worth Today?

  • Converted Amount: The $1500 from 1955, adjusted for inflation, would be equivalent to $16910.64 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 1027.38%.
  • Average Inflation Rate: The average annual inflation rate between 1955 and 2024 has been 3.56%.
Inflation from 1955 to 2024
Cumulative price change 1027.38%
Average inflation rate 3.56%
Converted amount $16910.64
Price difference $15410.64
CPI in 1955 14.1
CPI in 2024158.96
Inflation in 19550.00%
Inflation in 20241.18%
$1500 in 1955$16910.64 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1955: 14.1
  • CPI in 2024: 158.96

The CPI index has changed by 2.10 points per year on average over 69 years. The chart below represents the price changes from 1955 to 2024 (for convenience, the values converted in Canadian Dollars):

Inflation Rate at 1955 and 2024

  • Inflation in 1955: 0.00%
  • Inflation in 2024: 1.18%

Price Difference

  • The price difference between 1955 and 2024 is $15410.64.

1955 to 2024 Inflation Calculator

To understand the transformation of $1500 from 1955 into 2024 Canadian Dollars, consider the following table:

YearCPIInflation rateValue in 2024
195514.10.00%$1500
2024158.961.18%$16910.64

This table highlights the key figures that affect how the value of money changes over time due to inflation.


Buying Power of $1500 in 1955

$1500 in the year 1955 is now worth $16910.64 in 2024, showing a substantial increase of $15410.64 over the years. This change underscores how the average inflation rate of 3.56% annually has eroded the purchasing power of the Canadian Dollar.

It means that the real purchasing power has decreased and, adjusted for inflation, you can buy 11.27 times less for the same amount of money.

To illustrate this, let's see the chart below that demonstrates how $1500 has significantly decreased in worth over 69 years:

Inflation from 1955 to 2024
Cumulative price change 1027.38%
Average inflation rate 3.56%
Converted amount 16910.64
Price difference 15410.64
CPI in 1955 14.1
CPI in 2024158.96
Inflation in 19550.00%
Inflation in 20241.18%
1500 in 195516910.64 in 2024