According to Statistics Canada, the dollar experienced an average inflation rate of 2.71% per year. Prices in 2003 are 821.4% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$921.43 in 2003, a difference of CA$821.43 over 83 years.
The inflation rate in 2003 was 2.08%.
|Cumulative price change||821.43%|
|Average inflation rate||2.71%|
|Price difference (CA$100 base)||CA$821.43|
|CPI in 1920||11.2|
|CPI in 2003||103.2|
Politics and news often play an important role in economic performance.