According to Statistics Canada, the dollar experienced an average inflation rate of 2.90% per year. Prices in 2008 are 1105.3% higher than prices in 1921.
In other words, CA$100 in the year 1921 is equivalent to CA$1,205.32 in 2008, a difference of CA$1,105.32 over 87 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||1105.32%|
|Average inflation rate||2.90%|
|Price difference (CA$100 base)||CA$1,105.32|
|CPI in 1921||9.4|
|CPI in 2008||113.3|
Politics and news often play an important role in economic performance.