According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.08% per year. Prices in 1987 are 640.4% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent in purchasing power to CA$740.43 in 1987, a difference of CA$640.43 over 66 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||640.43%|
|Average inflation rate||3.08%|
|Price difference (CA$100 base)||CA$640.43|
|CPI in 1921||9.4|
|CPI in 1987||69.6|
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: “1921 dollars in 1987 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1921-CAD-in-1987.