According to Statistics Canada, the dollar experienced an average inflation rate of 2.76% per year. Prices in 1980 are 456.6% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$556.63 in 1980, a difference of CA$456.63 over 63 years.
The inflation rate in 1980 was 11.06%.
|Cumulative price change||456.63%|
|Average inflation rate||2.76%|
|Price difference (CA$100 base)||CA$456.63|
|CPI in 1917||8.3|
|CPI in 1980||46.2|
Politics and news often play an important role in economic performance.