According to Statistics Canada, the dollar experienced an average inflation rate of 2.60% per year. Prices in 1980 are 391.5% higher than prices in 1918.
In other words, CA$100 in the year 1918 is equivalent to CA$491.49 in 1980, a difference of CA$391.49 over 62 years.
The inflation rate in 1980 was 11.06%.
|Cumulative price change||391.49%|
|Average inflation rate||2.60%|
|Price difference (CA$100 base)||CA$391.49|
|CPI in 1918||9.4|
|CPI in 1980||46.2|
Politics and news often play an important role in economic performance.