According to Statistics Canada, the dollar experienced an average inflation rate of 2.68% per year. Prices in 2007 are 900.0% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$1,000 in 2007, a difference of CA$900.00 over 87 years.
The inflation rate in 2007 was 2.38%.
|Cumulative price change||900.00%|
|Average inflation rate||2.68%|
|Price difference (CA$100 base)||CA$900.00|
|CPI in 1920||11.2|
|CPI in 2007||112|
Politics and news often play an important role in economic performance.