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