According to Statistics Canada, the dollar experienced an average inflation rate of 3.00% per year. Prices in 1998 are 871.3% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$971.28 in 1998, a difference of CA$871.28 over 77 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||871.28%|
|Average inflation rate||3.00%|
|Price difference (CA$100 base)||CA$871.28|
|CPI in 1921||9.4|
|CPI in 1998||91.3|
Politics and news often play an important role in economic performance.