According to Statistics Canada, the dollar experienced an average inflation rate of 3.11% per year. Prices in 2001 are 1252.8% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,352.78 in 2001, a difference of CA$1,252.78 over 85 years.
The inflation rate in 2001 was 0.72%.
|Cumulative price change||1252.78%|
|Average inflation rate||3.11%|
|Price difference (CA$100 base)||CA$1,252.78|
|CPI in 1916||7.2|
|CPI in 2001||97.4|
Politics and news often play an important role in economic performance.