According to Statistics Canada, the dollar experienced an average inflation rate of 2.73% per year. Prices in 1998 are 715.2% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$815.18 in 1998, a difference of CA$715.18 over 78 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||715.18%|
|Average inflation rate||2.73%|
|Price difference (CA$100 base)||CA$715.18|
|CPI in 1920||11.2|
|CPI in 1998||91.3|
Politics and news often play an important role in economic performance.