According to Statistics Canada, 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 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 play an important role in economic performance.