According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.96% per year. Prices in 1987 are 781.0% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$881.01 in 1987, a difference of CA$781.01 over 56 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||781.01%|
|Average inflation rate||3.96%|
|Price difference (CA$100 base)||CA$781.01|
|CPI in 1931||7.9|
|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: “1931 dollars in 1987 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-1987.