According to Statistics Canada, the dollar experienced an average inflation rate of 2.80% per year. Prices in 1994 are 670.5% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$770.54 in 1994, a difference of CA$670.54 over 74 years.
The inflation rate in 1994 was 0.23%.
|Cumulative price change||670.54%|
|Average inflation rate||2.80%|
|Price difference (CA$100 base)||CA$670.54|
|CPI in 1920||11.2|
|CPI in 1994||86.3|
Politics and news often play an important role in economic performance.