According to Statistics Canada, the dollar experienced an average inflation rate of 2.95% per year. Prices in 1980 are 541.7% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$641.67 in 1980, a difference of CA$541.67 over 64 years.
The inflation rate in 1980 was 11.06%.
|Cumulative price change||541.67%|
|Average inflation rate||2.95%|
|Price difference (CA$100 base)||CA$541.67|
|CPI in 1916||7.2|
|CPI in 1980||46.2|
Politics and news often play an important role in economic performance.