According to Statistics Canada consumer price index, 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 in purchasing power 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 influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “1916 dollars in 2004 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Jan. 2018, http://www.in2013dollars.com/1916-CAD-in-2004.