According to Statistics Canada, the dollar experienced an average inflation rate of 3.20% per year. Prices in 1984 are 752.8% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$852.78 in 1984, a difference of CA$752.78 over 68 years.
The inflation rate in 1984 was 3.72%.
|Cumulative price change||752.78%|
|Average inflation rate||3.20%|
|Price difference (CA$100 base)||CA$752.78|
|CPI in 1916||7.2|
|CPI in 1984||61.4|
Politics and news often play an important role in economic performance.