According to Statistics Canada, the dollar experienced an average inflation rate of 3.19% per year. Prices in 1983 are 722.2% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$822.22 in 1983, a difference of CA$722.22 over 67 years.
The inflation rate in 1983 was 4.59%.
|Cumulative price change||722.22%|
|Average inflation rate||3.19%|
|Price difference (CA$100 base)||CA$722.22|
|CPI in 1916||7.2|
|CPI in 1983||59.2|
Politics and news often play an important role in economic performance.