According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.63% per year. Prices in 2003 are 1206.3% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$1,306.33 in 2003, a difference of CA$1,206.33 over 72 years.
The inflation rate in 2003 was 2.08%.
|Cumulative price change||1206.33%|
|Average inflation rate||3.63%|
|Price difference (CA$100 base)||CA$1,206.33|
|CPI in 1931||7.9|
|CPI in 2003||103.2|
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 2003 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-2003.