According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.25% per year. Prices in 1987 are 866.7% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent in purchasing power to CA$966.67 in 1987, a difference of CA$866.67 over 71 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||866.67%|
|Average inflation rate||3.25%|
|Price difference (CA$100 base)||CA$866.67|
|CPI in 1916||7.2|
|CPI in 1987||69.6|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “1916 dollars in 1987 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/1916-CAD-in-1987.