According to Statistics Canada, the dollar experienced an average inflation rate of 3.09% per year. Prices in 2005 are 1394.4% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,494.44 in 2005, a difference of CA$1,394.44 over 89 years.
The inflation rate in 2005 was 2.09%.
|Cumulative price change||1394.44%|
|Average inflation rate||3.09%|
|Price difference (CA$100 base)||CA$1,394.44|
|CPI in 1916||7.2|
|CPI in 2005||107.6|
Politics and news often play an important role in economic performance.