According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.75% per year. Prices in 1997 are 707.1% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$807.14 in 1997, a difference of CA$707.14 over 77 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||707.14%|
|Average inflation rate||2.75%|
|Price difference (CA$100 base)||CA$707.14|
|CPI in 1920||11.2|
|CPI in 1997||90.4|
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 1997 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Feb. 2018, http://www.in2013dollars.com/1920-CAD-in-1997.