According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.87% per year. Prices in 1994 are 992.4% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$1,092.41 in 1994, a difference of CA$992.41 over 63 years.
The inflation rate in 1994 was 0.23%.
|Cumulative price change||992.41%|
|Average inflation rate||3.87%|
|Price difference (CA$100 base)||CA$992.41|
|CPI in 1931||7.9|
|CPI in 1994||86.3|
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 1994 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 21 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-1994.