According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.81% per year. Prices in 1996 are 1035.4% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$1,135.44 in 1996, a difference of CA$1,035.44 over 65 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||1035.44%|
|Average inflation rate||3.81%|
|Price difference (CA$100 base)||CA$1,035.44|
|CPI in 1931||7.9|
|CPI in 1996||89.7|
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 1996 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 May. 2018, https://www.officialdata.org/1931-CAD-in-1996.