According to Statistics Canada, the dollar experienced an average inflation rate of 2.70% per year. Prices in 2004 are 841.1% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$941.07 in 2004, a difference of CA$841.07 over 84 years.
The inflation rate in 2004 was 2.13%.
|Cumulative price change||841.07%|
|Average inflation rate||2.70%|
|Price difference (CA$100 base)||CA$841.07|
|CPI in 1920||11.2|
|CPI in 2004||105.4|
Politics and news often play an important role in economic performance.