According to Statistics Canada, the dollar experienced an average inflation rate of 3.12% per year. Prices in 1993 are 816.0% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$915.96 in 1993, a difference of CA$815.96 over 72 years.
The inflation rate in 1993 was 1.65%.
|Cumulative price change||815.96%|
|Average inflation rate||3.12%|
|Price difference (CA$100 base)||CA$815.96|
|CPI in 1921||9.4|
|CPI in 1993||86.1|
Politics and news often play an important role in economic performance.