According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.78% per year. Prices in 1988 are 545.5% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$645.54 in 1988, a difference of CA$545.54 over 68 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||545.54%|
|Average inflation rate||2.78%|
|Price difference (CA$100 base)||CA$545.54|
|CPI in 1920||11.2|
|CPI in 1988||72.3|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “1920 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1920-CAD-in-1988.