According to Statistics Canada, the dollar experienced an average inflation rate of 2.66% per year. Prices in 1981 are 407.8% higher than prices in 1919.
In other words, CA$100 in the year 1919 is equivalent to CA$507.84 in 1981, a difference of CA$407.84 over 62 years.
The inflation rate in 1981 was 12.12%.
|Cumulative price change||407.84%|
|Average inflation rate||2.66%|
|Price difference (CA$100 base)||CA$407.84|
|CPI in 1919||10.2|
|CPI in 1981||51.8|
Politics and news often play an important role in economic performance.