According to Statistics Canada, the dollar experienced an average inflation rate of 2.72% per year. Prices in 2002 are 802.7% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$902.68 in 2002, a difference of CA$802.68 over 82 years.
The inflation rate in 2002 was 3.80%.
|Cumulative price change||802.68%|
|Average inflation rate||2.72%|
|Price difference (CA$100 base)||CA$802.68|
|CPI in 1920||11.2|
|CPI in 2002||101.1|
Politics and news often play an important role in economic performance.