According to Statistics Canada, the dollar experienced an average inflation rate of 2.66% per year. Prices in 2008 are 911.6% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$1,011.61 in 2008, a difference of CA$911.61 over 88 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||911.61%|
|Average inflation rate||2.66%|
|Price difference (CA$100 base)||CA$911.61|
|CPI in 1920||11.2|
|CPI in 2008||113.3|
Politics and news often play an important role in economic performance.