According to Statistics Canada, the dollar experienced an average inflation rate of 2.89% per year. Prices in 1981 are 451.1% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$551.06 in 1981, a difference of CA$451.06 over 60 years.
The inflation rate in 1981 was 12.12%.
|Cumulative price change||451.06%|
|Average inflation rate||2.89%|
|Price difference (CA$100 base)||CA$451.06|
|CPI in 1921||9.4|
|CPI in 1981||51.8|
Politics and news often play an important role in economic performance.