According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.12% per year. Prices in 2002 are 1304.2% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent in purchasing power to CA$1,404.17 in 2002, a difference of CA$1,304.17 over 86 years.
The inflation rate in 2002 was 3.80%.
|Cumulative price change||1304.17%|
|Average inflation rate||3.12%|
|Price difference (CA$100 base)||CA$1,304.17|
|CPI in 1916||7.2|
|CPI in 2002||101.1|
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 2002 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1916-CAD-in-2002.