According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.58% per year. Prices in 2016 are 1683.3% higher than prices in 1934.
In other words, CA$100 in the year 1934 is equivalent in purchasing power to CA$1,783.33 in 2016, a difference of CA$1,683.33 over 82 years.
The inflation rate in 2016 was 1.50%.
|Cumulative price change||1683.33%|
|Average inflation rate||3.58%|
|Price difference (CA$100 base)||CA$1,683.33|
|CPI in 1934||7.2|
|CPI in 2016||128.4|
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 2016 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1934-CAD-in-2016.