$1 in 1935 is equivalent in purchasing power to about $1.07 in 1931, a difference of $0.07 over 4 years.
The dollar had an average **deflation** rate of -1.62% per year since 1931, producing a cumulative price change of 6.76%.

This means that prices in 1931 are 1.07 times higher than average prices since 1935, according to Statistics Canada consumer price index.

The 1931 inflation rate was -10.23%. The inflation rate in 1935 was 2.78%. The 1935 inflation rate is lower compared to the average inflation rate of 3.46% per year between 1935 and 2021.

⌃

Cumulative price change | 6.76% |

Average inflation rate | -1.62% |

Converted amount ($1 base) | $1.07 |

Price difference ($1 base) | $0.07 |

CPI in 1935 | 7.400 |

CPI in 1931 | 7.900 |

Inflation in 1931 | -10.23% |

Inflation in 1935 | 2.78% |

$1 in 1935 | $1.07 in 1931 |

This chart shows a calculation of buying power equivalence for $1 in 1931 (price index tracking began in 1914).

For example, if you started with $1, you would need to end with $1.07 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1931 amounts in 1935 dollars, based on the 6.76% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1931 | $0.94 dollars in 1935 |

$5 dollars in 1931 | $4.68 dollars in 1935 |

$10 dollars in 1931 | $9.37 dollars in 1935 |

$50 dollars in 1931 | $46.84 dollars in 1935 |

$100 dollars in 1931 | $93.67 dollars in 1935 |

$500 dollars in 1931 | $468.35 dollars in 1935 |

$1,000 dollars in 1931 | $936.71 dollars in 1935 |

$5,000 dollars in 1931 | $4,683.54 dollars in 1935 |

$10,000 dollars in 1931 | $9,367.09 dollars in 1935 |

$50,000 dollars in 1931 | $46,835.44 dollars in 1935 |

$100,000 dollars in 1931 | $93,670.89 dollars in 1935 |

$500,000 dollars in 1931 | $468,354.43 dollars in 1935 |

$1,000,000 dollars in 1931 | $936,708.86 dollars in 1935 |

Our calculations use the following inflation rate formula to calculate the change in value between 1931 and 1935:

CPI in 1931
CPI in 1935

×

1935 CAD value

=

1931 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.4 in the year 1935 and 7.9 in 1931:

7.97.4

×

$1

=

$1 in 1935 has the same "purchasing power" or "buying power" as $1.07 in 1931.

To get the total inflation rate for the 4 years between 1931 and 1935, we use the following formula:

CPI in 1931 - CPI in 1935CPI in 1935

×

100

=

Plugging in the values to this equation, we get:

7.9 - 7.47.4

×

100

=

Politics and news often influence economic performance. Here's what was happening at the time:

- Hitler violates the Treaty of Versailles by ordering German rearmament.
- In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
- Communist forces end their Long March bringing Mao Zedong to prominence.
- First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “$1 in 1935 → 1931 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Oct. 2021, https://www.officialdata.org/canada/inflation/1935?amount=1&endYear=1931.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Cumulative price change | 6.76% |

Average inflation rate | -1.62% |

Converted amount ($1 base) | $1.07 |

Price difference ($1 base) | $0.07 |

CPI in 1935 | 7.400 |

CPI in 1931 | 7.900 |

Inflation in 1931 | -10.23% |

Inflation in 1935 | 2.78% |

$1 in 1935 | $1.07 in 1931 |