According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.57% per year. Prices in 2016 are 1046.4% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$1,146.43 in 2016, a difference of CA$1,046.43 over 96 years.
The inflation rate in 2016 was 1.50%.
|Cumulative price change||1046.43%|
|Average inflation rate||2.57%|
|Price difference (CA$100 base)||CA$1,046.43|
|CPI in 1920||11.2|
|CPI in 2016||128.4|
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 2016 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1920-CAD-in-2016.