Canada Inflation Calculator
Canadian Inflation Rate, CA$100 in 1921 to 1987
According to Statistics Canada consumer price index, prices in 1987 are 640.43% higher than average prices throughout 1921. The dollar experienced an average inflation rate of 3.08% per year during this period, meaning the real value of a dollar decreased.
In other words, CA$100 in 1921 is equivalent in purchasing power to about CA$740.43 in 1987, a difference of CA$640.43 over 66 years.
The 1921 inflation rate was -16.07%. The inflation rate in 1987 was 4.19%. The 1987 inflation rate is higher compared to the average inflation rate of 2.05% per year between 1987 and 2019.
⌃
| Cumulative price change | 640.43% |
| Average inflation rate | 3.08% |
| Converted amount (CA$100 base) | CA$740.43 |
| Price difference (CA$100 base) | CA$640.43 |
| CPI in 1921 | 9.400 |
| CPI in 1987 | 69.600 |
| Inflation in 1921 | -16.07% |
| Inflation in 1987 | 4.19% |
Buying power of CA$100 in 1921
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for CA$100 in 1921 (price index tracking began in 1914).
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for CA$100, 1921 to 1987
This inflation calculator uses the following inflation rate formula:
CPI in 1987CPI in 1921
×
1921 CAD value
=
1987 CAD value
Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1921 and 69.6 in 1987:
69.69.4
×
CA$100
=
CA$740.43
CA$100 in 1921 has the same "purchasing power" or "buying power" as CA$740.43 in 1987.
To get the total inflation rate for the 66 years between 1921 and 1987, we use the following formula:
CPI in 1987 - CPI in 1921CPI in 1921
×
100
=
Cumulative inflation rate (66 years)
Plugging in the values to this equation, we get:
69.6 - 9.49.4
×
100
=
640%
News headlines from 1921
Politics and news often influence economic performance. Here's what was happening at the time:
- The Chinese Communist Party is founded by Chen Duxiu.
- Alice Mary Robertson becomes the first woman to preside over the United States House of Representatives.
- Adolf Hitler is declared leader of the National Socialist German Workers Party.
Data Source & Citation
Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).
You may use the following MLA citation for this page: “1921 dollars in 1987 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Aug. 2019, https://www.officialdata.org/1921-CAD-in-1987.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 640.43% |
| Average inflation rate | 3.08% |
| Converted amount (CA$100 base) | CA$740.43 |
| Price difference (CA$100 base) | CA$640.43 |
| CPI in 1921 | 9.400 |
| CPI in 1987 | 69.600 |
| Inflation in 1921 | -16.07% |
| Inflation in 1987 | 4.19% |