According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.00% per year. Prices in 1998 are 871.3% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent in purchasing power to CA$971.28 in 1998, a difference of CA$871.28 over 77 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||871.28%|
|Average inflation rate||3.00%|
|Price difference (CA$100 base)||CA$871.28|
|CPI in 1921||9.4|
|CPI in 1998||91.3|
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 1998 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1921-CAD-in-1998.