According to Statistics Canada, the dollar experienced an average inflation rate of 3.15% per year. Prices in 1998 are 1168.1% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,268.06 in 1998, a difference of CA$1,168.06 over 82 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||1168.06%|
|Average inflation rate||3.15%|
|Price difference (CA$100 base)||CA$1,168.06|
|CPI in 1916||7.2|
|CPI in 1998||91.3|
Politics and news often play an important role in economic performance.