According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.66% per year. Prices in 2008 are 911.6% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$1,011.61 in 2008, a difference of CA$911.61 over 88 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||911.61%|
|Average inflation rate||2.66%|
|Price difference (CA$100 base)||CA$911.61|
|CPI in 1920||11.2|
|CPI in 2008||113.3|
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 2008 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Apr. 2018, http://www.in2013dollars.com/1920-CAD-in-2008.