According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.09% per year. Prices in 1988 are 669.1% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent in purchasing power to CA$769.15 in 1988, a difference of CA$669.15 over 67 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||669.15%|
|Average inflation rate||3.09%|
|Price difference (CA$100 base)||CA$669.15|
|CPI in 1921||9.4|
|CPI in 1988||72.3|
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: “1921 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1921-CAD-in-1988.