According to Statistics Canada, the dollar experienced an average inflation rate of 2.78% per year. Prices in 1988 are 545.5% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$645.54 in 1988, a difference of CA$545.54 over 68 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||545.54%|
|Average inflation rate||2.78%|
|Price difference (CA$100 base)||CA$545.54|
|CPI in 1920||11.2|
|CPI in 1988||72.3|
Politics and news often play an important role in economic performance.