Canada Inflation Calculator
Canadian Inflation Rate, 1921-1987 (CA$100)
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 |
How to calculate the inflation rate for CA$100, 1921 to 1987
Start with the inflation rate formula:CPI in 1987 / CPI 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:
69.6 / 9.4 * CA$100 = CA$740.43
CA$100 in 1921 has the same "purchasing power" as CA$740.43 in 1987.
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.
Inflation Data Source
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.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/1921-CAD-in-1987.