According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.76% per year. Prices in 1997 are 1044.3% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$1,144.30 in 1997, a difference of CA$1,044.30 over 66 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||1044.30%|
|Average inflation rate||3.76%|
|Price difference (CA$100 base)||CA$1,044.30|
|CPI in 1931||7.9|
|CPI in 1997||90.4|
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 1997 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-1997.