According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.52% per year. Prices in 2008 are 1334.2% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$1,434.18 in 2008, a difference of CA$1,334.18 over 77 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||1334.18%|
|Average inflation rate||3.52%|
|Price difference (CA$100 base)||CA$1,334.18|
|CPI in 1931||7.9|
|CPI in 2008||113.3|
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 2008 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-2008.