According to Statistics Canada, the dollar experienced an average inflation rate of 3.02% per year. Prices in 1997 are 861.7% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$961.70 in 1997, a difference of CA$861.70 over 76 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||861.70%|
|Average inflation rate||3.02%|
|Price difference (CA$100 base)||CA$861.70|
|CPI in 1921||9.4|
|CPI in 1997||90.4|
Politics and news often play an important role in economic performance.