According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.28% per year. Prices in 1993 are 1095.8% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent in purchasing power to CA$1,195.83 in 1993, a difference of CA$1,095.83 over 77 years.
The inflation rate in 1993 was 1.65%.
|Cumulative price change||1095.83%|
|Average inflation rate||3.28%|
|Price difference (CA$100 base)||CA$1,095.83|
|CPI in 1916||7.2|
|CPI in 1993||86.1|
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 1993 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/1916-CAD-in-1993.