According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.54% per year. Prices in 1981 are 362.5% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$462.50 in 1981, a difference of CA$362.50 over 61 years.
The inflation rate in 1981 was 12.12%.
Cumulative price change | 362.50% |
Average inflation rate | 2.54% |
Price difference (CA$100 base) | CA$362.50 |
CPI in 1920 | 11.2 |
CPI in 1981 | 51.8 |
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).
You may use the following MLA citation for this page: “1920 dollars in 1981 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Apr. 2018, http://www.in2013dollars.com/1920-CAD-in-1981.