According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.90% per year. Prices in 2008 are 1105.3% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent in purchasing power to CA$1,205.32 in 2008, a difference of CA$1,105.32 over 87 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||1105.32%|
|Average inflation rate||2.90%|
|Price difference (CA$100 base)||CA$1,105.32|
|CPI in 1921||9.4|
|CPI in 2008||113.3|
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 2008 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/1921-CAD-in-2008.