According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.73% per year. Prices in 1998 are 715.2% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$815.18 in 1998, a difference of CA$715.18 over 78 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||715.18%|
|Average inflation rate||2.73%|
|Price difference (CA$100 base)||CA$715.18|
|CPI in 1920||11.2|
|CPI in 1998||91.3|
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 1998 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/1920-CAD-in-1998.