According to Statistics Canada, the dollar experienced an average inflation rate of 3.01% per year. Prices in 1983 are 529.8% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$629.79 in 1983, a difference of CA$529.79 over 62 years.
The inflation rate in 1983 was 4.59%.
|Cumulative price change||529.79%|
|Average inflation rate||3.01%|
|Price difference (CA$100 base)||CA$529.79|
|CPI in 1921||9.4|
|CPI in 1983||59.2|
Politics and news often play an important role in economic performance.