According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.72% per year. Prices in 1998 are 1055.7% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$1,155.70 in 1998, a difference of CA$1,055.70 over 67 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||1055.70%|
|Average inflation rate||3.72%|
|Price difference (CA$100 base)||CA$1,055.70|
|CPI in 1931||7.9|
|CPI in 1998||91.3|
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 1998 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-1998.