The Impact of Inflation on value of $12 from 1995 to 2024
In 1913 the price of $12 is approximately equal to $21.78 in 2024. Prices changed by 2.09% (or $0.34) per year on average during that period. It means that every purchase will cost you 1.82 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 $12 in 1995 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 $12 in 1995 Worth Today?
- Converted Amount: The $12 from 1995, adjusted for inflation, would be equivalent to $21.78 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 81.46%.
- Average Inflation Rate: The average annual inflation rate between 1995 and 2024 has been 2.09%.
| Cumulative price change | 81.46% |
| Average inflation rate | 2.09% |
| Converted amount | 21.78 |
| Price difference | 9.78 |
| CPI in 1995 | 87.6 |
| CPI in 2024 | 158.96 |
| Inflation in 1995 | 2.22% |
| Inflation in 2024 | 1.18% |
| 12 in 1995 | 21.78 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1995: 87.6
- CPI in 2024: 158.96
Inflation Rate at 1995 and 2024
- Inflation in 1995: 2.22%
- Inflation in 2024: 1.18%
Price Difference
- The price difference between 1995 and 2024 is $9.78.
1995 to 2024 Inflation Calculator
To understand the transformation of $12 from 1995 into 2024 Canadian Dollars, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1995 | 87.6 | 2.22% | $12 |
| 2024 | 158.96 | 1.18% | $21.78 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $12 in 1995
$12 in the year 1995 is now worth $21.78 in 2024, showing a substantial increase of $9.78 over the years. This change underscores how the average inflation rate of 2.09% annually has eroded the purchasing power of the Canadian Dollar.