According to Statistics Canada, the dollar experienced an average inflation rate of 2.64% per year. Prices in 2011 are 973.2% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$1,073.21 in 2011, a difference of CA$973.21 over 91 years.
The inflation rate in 2011 was 2.30%.
|Cumulative price change||973.21%|
|Average inflation rate||2.64%|
|Price difference (CA$100 base)||CA$973.21|
|CPI in 1920||11.2|
|CPI in 2011||120.2|
Politics and news often play an important role in economic performance.