According to Statistics Canada, the dollar experienced an average inflation rate of 3.02% per year. Prices in 1984 are 553.2% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$653.19 in 1984, a difference of CA$553.19 over 63 years.
The inflation rate in 1984 was 3.72%.
|Cumulative price change||553.19%|
|Average inflation rate||3.02%|
|Price difference (CA$100 base)||CA$553.19|
|CPI in 1921||9.4|
|CPI in 1984||61.4|
Politics and news often play an important role in economic performance.