According to Statistics Canada, the dollar experienced an average inflation rate of 2.75% per year. Prices in 1997 are 707.1% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$807.14 in 1997, a difference of CA$707.14 over 77 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||707.14%|
|Average inflation rate||2.75%|
|Price difference (CA$100 base)||CA$707.14|
|CPI in 1920||11.2|
|CPI in 1997||90.4|
Politics and news often play an important role in economic performance.