According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.17% per year. Prices in 1997 are 1155.6% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent in purchasing power to CA$1,255.56 in 1997, a difference of CA$1,155.56 over 81 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||1155.56%|
|Average inflation rate||3.17%|
|Price difference (CA$100 base)||CA$1,155.56|
|CPI in 1916||7.2|
|CPI in 1997||90.4|
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 1997 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Jan. 2018, http://www.in2013dollars.com/1916-CAD-in-1997.