According to Statistics Canada, the dollar experienced an average inflation rate of 2.98% per year. Prices in 2002 are 975.5% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$1,075.53 in 2002, a difference of CA$975.53 over 81 years.
The inflation rate in 2002 was 3.80%.
|Cumulative price change||975.53%|
|Average inflation rate||2.98%|
|Price difference (CA$100 base)||CA$975.53|
|CPI in 1921||9.4|
|CPI in 2002||101.1|
Politics and news often play an important role in economic performance.