According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.20% per year. Prices in 1996 are 1145.8% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent in purchasing power to CA$1,245.83 in 1996, a difference of CA$1,145.83 over 80 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||1145.83%|
|Average inflation rate||3.20%|
|Price difference (CA$100 base)||CA$1,145.83|
|CPI in 1916||7.2|
|CPI in 1996||89.7|
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 1996 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1916-CAD-in-1996.