According to Statistics Canada, the dollar experienced an average inflation rate of 2.83% per year. Prices in 1993 are 668.8% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$768.75 in 1993, a difference of CA$668.75 over 73 years.
The inflation rate in 1993 was 1.65%.
|Cumulative price change||668.75%|
|Average inflation rate||2.83%|
|Price difference (CA$100 base)||CA$668.75|
|CPI in 1920||11.2|
|CPI in 1993||86.1|
Politics and news often play an important role in economic performance.