According to Statistics Canada, the dollar experienced an average inflation rate of 2.68% per year. Prices in 1983 are 428.6% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$528.57 in 1983, a difference of CA$428.57 over 63 years.
The inflation rate in 1983 was 4.59%.
|Cumulative price change||428.57%|
|Average inflation rate||2.68%|
|Price difference (CA$100 base)||CA$428.57|
|CPI in 1920||11.2|
|CPI in 1983||59.2|
Politics and news often play an important role in economic performance.