According to Statistics Canada, the dollar experienced an average inflation rate of 2.54% per year. Prices in 1981 are 362.5% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$462.50 in 1981, a difference of CA$362.50 over 61 years.
The inflation rate in 1981 was 12.12%.
|Cumulative price change||362.50%|
|Average inflation rate||2.54%|
|Price difference (CA$100 base)||CA$362.50|
|CPI in 1920||11.2|
|CPI in 1981||51.8|
Politics and news often play an important role in economic performance.