According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.36% per year. Prices in 1988 are 904.2% higher than prices in 1934.
In other words, CA$100 in the year 1934 is equivalent in purchasing power to CA$1,004.17 in 1988, a difference of CA$904.17 over 54 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||904.17%|
|Average inflation rate||4.36%|
|Price difference (CA$100 base)||CA$904.17|
|CPI in 1934||7.2|
|CPI in 1988||72.3|
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: “1934 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1934-CAD-in-1988.