According to Statistics Canada, the dollar experienced an average inflation rate of 3.08% per year. Prices in 1981 are 619.4% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$719.44 in 1981, a difference of CA$619.44 over 65 years.
The inflation rate in 1981 was 12.12%.
|Cumulative price change||619.44%|
|Average inflation rate||3.08%|
|Price difference (CA$100 base)||CA$619.44|
|CPI in 1916||7.2|
|CPI in 1981||51.8|
Politics and news often play an important role in economic performance.