According to Statistics Canada, the dollar experienced an average inflation rate of 3.40% per year. Prices in 1988 are 1047.6% higher than prices in 1915.
In other words, CA$100 in the year 1915 is equivalent to CA$1,147.62 in 1988, a difference of CA$1,047.62 over 73 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||1047.62%|
|Average inflation rate||3.40%|
|Price difference (CA$100 base)||CA$1,047.62|
|CPI in 1915||6.3|
|CPI in 1988||72.3|
Politics and news often play an important role in economic performance.