The Impact of Inflation on value of $100 from 1993 to 2024
In 1913 the price of $100 is approximately equal to $185.70 in 2024. Prices changed by 2.02% (or $2.76) per year on average during that period. It means that every purchase will cost you 1.86 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 $100 in 1993 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 $100 in 1993 Worth Today?
- Converted Amount: The $100 from 1993, adjusted for inflation, would be equivalent to $185.70 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 85.70%.
- Average Inflation Rate: The average annual inflation rate between 1993 and 2024 has been 2.02%.
| Cumulative price change | 85.70% |
| Average inflation rate | 2.02% |
| Converted amount | 185.70 |
| Price difference | 85.70 |
| CPI in 1993 | 85.6 |
| CPI in 2024 | 158.96 |
| Inflation in 1993 | 1.90% |
| Inflation in 2024 | 1.18% |
| 100 in 1993 | 185.70 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1993: 85.6
- CPI in 2024: 158.96
Inflation Rate at 1993 and 2024
- Inflation in 1993: 1.90%
- Inflation in 2024: 1.18%
Price Difference
- The price difference between 1993 and 2024 is $85.70.
1993 to 2024 Inflation Calculator
To understand the transformation of $100 from 1993 into 2024 Canadian Dollars, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1993 | 85.6 | 1.90% | $100 |
| 2024 | 158.96 | 1.18% | $185.70 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $100 in 1993
$100 in the year 1993 is now worth $185.70 in 2024, showing a substantial increase of $85.70 over the years. This change underscores how the average inflation rate of 2.02% annually has eroded the purchasing power of the Canadian Dollar.