According to Statistics Canada consumer price index, 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 in purchasing power 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 influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “1916 dollars in 1998 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1916-CAD-in-1998.