According to Statistics Canada, the dollar experienced an average inflation rate of 2.70% per year. Prices in 2005 are 860.7% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$960.71 in 2005, a difference of CA$860.71 over 85 years.
The inflation rate in 2005 was 2.09%.
|Cumulative price change||860.71%|
|Average inflation rate||2.70%|
|Price difference (CA$100 base)||CA$860.71|
|CPI in 1920||11.2|
|CPI in 2005||107.6|
Politics and news often play an important role in economic performance.