According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.61% per year. Prices in 2004 are 1234.2% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$1,334.18 in 2004, a difference of CA$1,234.18 over 73 years.
The inflation rate in 2004 was 2.13%.
|Cumulative price change||1234.18%|
|Average inflation rate||3.61%|
|Price difference (CA$100 base)||CA$1,234.18|
|CPI in 1931||7.9|
|CPI in 2004||105.4|
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 2004 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-2004.