According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.80% per year. Prices in 1994 are 670.5% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$770.54 in 1994, a difference of CA$670.54 over 74 years.
The inflation rate in 1994 was 0.23%.
|Cumulative price change||670.54%|
|Average inflation rate||2.80%|
|Price difference (CA$100 base)||CA$670.54|
|CPI in 1920||11.2|
|CPI in 1994||86.3|
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 1994 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/1920-CAD-in-1994.