According to Statistics Canada, the dollar experienced an average inflation rate of 2.76% per year. Prices in 1987 are 521.4% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$621.43 in 1987, a difference of CA$521.43 over 67 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||521.43%|
|Average inflation rate||2.76%|
|Price difference (CA$100 base)||CA$521.43|
|CPI in 1920||11.2|
|CPI in 1987||69.6|
Politics and news often play an important role in economic performance.