According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.24% per year. Prices in 1994 are 1098.6% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent in purchasing power to CA$1,198.61 in 1994, a difference of CA$1,098.61 over 78 years.
The inflation rate in 1994 was 0.23%.
|Cumulative price change||1098.61%|
|Average inflation rate||3.24%|
|Price difference (CA$100 base)||CA$1,098.61|
|CPI in 1916||7.2|
|CPI in 1994||86.3|
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 1994 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Apr. 2018, http://www.in2013dollars.com/1916-CAD-in-1994.