$26 in 1994 is worth $48.23 today

$
$ 48.23

The Impact of Inflation on value of $26 from 1994 to 2024

In 1913 the price of $26 is approximately equal to $48.23 in 2024. Prices changed by 2.02% (or $0.74) per year on average during that period. It means that every purchase will cost you 1.85 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 $26 in 1994 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 $26 in 1994 Worth Today?

  • Converted Amount: The $26 from 1994, adjusted for inflation, would be equivalent to $48.23 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 85.48%.
  • Average Inflation Rate: The average annual inflation rate between 1994 and 2024 has been 2.02%.
Inflation from 1994 to 2024
Cumulative price change 85.48%
Average inflation rate 2.02%
Converted amount 48.23
Price difference 22.23
CPI in 1994 85.7
CPI in 2024158.96
Inflation in 19940.12%
Inflation in 20241.18%
26 in 199448.23 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1994: 85.7
  • CPI in 2024: 158.96

Inflation Rate at 1994 and 2024

  • Inflation in 1994: 0.12%
  • Inflation in 2024: 1.18%

Price Difference

  • The price difference between 1994 and 2024 is $22.23.

1994 to 2024 Inflation Calculator

To understand the transformation of $26 from 1994 into 2024 Canadian Dollars, consider the following table:

YearCPIInflation rateValue in 2024
199485.70.12%$26
2024158.961.18%$48.23

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

Buying Power of $26 in 1994

$26 in the year 1994 is now worth $48.23 in 2024, showing a substantial increase of $22.23 over the years. This change underscores how the average inflation rate of 2.02% annually has eroded the purchasing power of the Canadian Dollar.

Inflation from 1994 to 2024
Cumulative price change 85.48%
Average inflation rate 2.02%
Converted amount 48.23
Price difference 22.23
CPI in 1994 85.7
CPI in 2024158.96
Inflation in 19940.12%
Inflation in 20241.18%
26 in 199448.23 in 2024