According to Statistics Canada, the dollar experienced an average inflation rate of 2.78% per year. Prices in 1996 are 700.9% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$800.89 in 1996, a difference of CA$700.89 over 76 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||700.89%|
|Average inflation rate||2.78%|
|Price difference (CA$100 base)||CA$700.89|
|CPI in 1920||11.2|
|CPI in 1996||89.7|
Politics and news often play an important role in economic performance.