According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.78% per year. Prices in 1996 are 700.9% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$800.89 in 1996, a difference of CA$700.89 over 76 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||700.89%|
|Average inflation rate||2.78%|
|Price difference (CA$100 base)||CA$700.89|
|CPI in 1920||11.2|
|CPI in 1996||89.7|
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 1996 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Feb. 2018, http://www.in2013dollars.com/1920-CAD-in-1996.