According to Statistics Canada consumer price index, 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 in purchasing power 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 influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “1916 dollars in 2005 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1916-CAD-in-2005.