Housing costs

[avatar33]

It should be surprising - because it is completely wrong. If inflation had averaged 15% a year since 1929 then $100 in 1929 would be over $16 million today! The correct figure is average annual inflation rate of about 3%. So $100 in 1929 is about $1265 today.

I don't think there was even any single year between 1929 and today when the rate of CPI inflation was as high as 15%.

Looking at that website, they are using the right data, but their annual inflation calculator is wonky.

Surprisingly (to me) the average inflation rate since 1930 is over 15%/year

http://inflationcalculator.ca/

Hello guys,

I am one of the developers behind InflationCalculator.ca

Just wanted to let you know that our annual inflation rate error has been fixed.

Thanks for pointing that out.

If you have any suggestion on how we can make this calculator more appealing and useful to Canadian consumers, let me know.

Cheers