According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.05% per year. Prices in 1998 are 1168.1% higher than prices in 1934.
In other words, CA$100 in the year 1934 is equivalent in purchasing power to CA$1,268.06 in 1998, a difference of CA$1,168.06 over 64 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||1168.06%|
|Average inflation rate||4.05%|
|Price difference (CA$100 base)||CA$1,168.06|
|CPI in 1934||7.2|
|CPI in 1998||91.3|
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 1998 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1934-CAD-in-1998.