According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.96% per year. Prices in 1988 are 815.2% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$915.19 in 1988, a difference of CA$815.19 over 57 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||815.19%|
|Average inflation rate||3.96%|
|Price difference (CA$100 base)||CA$815.19|
|CPI in 1931||7.9|
|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: “1931 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-1988.