According to Statistics Canada, the dollar experienced an average inflation rate of 3.08% per year. Prices in 1987 are 640.4% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$740.43 in 1987, a difference of CA$640.43 over 66 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||640.43%|
|Average inflation rate||3.08%|
|Price difference (CA$100 base)||CA$640.43|
|CPI in 1921||9.4|
|CPI in 1987||69.6|
Politics and news often play an important role in economic performance.