According to Statistics Canada, the dollar experienced an average inflation rate of 3.10% per year. Prices in 2004 are 1363.9% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,463.89 in 2004, a difference of CA$1,363.89 over 88 years.
The inflation rate in 2004 was 2.13%.
|Cumulative price change||1363.89%|
|Average inflation rate||3.10%|
|Price difference (CA$100 base)||CA$1,363.89|
|CPI in 1916||7.2|
|CPI in 2004||105.4|
Politics and news often play an important role in economic performance.