According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.79% per year. Prices in 2008 are 1473.6% higher than prices in 1934.
In other words, CA$100 in the year 1934 is equivalent in purchasing power to CA$1,573.61 in 2008, a difference of CA$1,473.61 over 74 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||1473.61%|
|Average inflation rate||3.79%|
|Price difference (CA$100 base)||CA$1,473.61|
|CPI in 1934||7.2|
|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: “1934 dollars in 2008 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 May. 2018, https://www.officialdata.org/1934-CAD-in-2008.