According to Statistics Canada, the dollar experienced an average inflation rate of 2.39% per year. Prices in 1980 are 312.5% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$412.50 in 1980, a difference of CA$312.50 over 60 years.
The inflation rate in 1980 was 11.06%.
|Cumulative price change||312.50%|
|Average inflation rate||2.39%|
|Price difference (CA$100 base)||CA$312.50|
|CPI in 1920||11.2|
|CPI in 1980||46.2|
Politics and news often play an important role in economic performance.