According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.04% per year. Prices in 2008 are 1473.6% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent in purchasing power to CA$1,573.61 in 2008, a difference of CA$1,473.61 over 92 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||1473.61%|
|Average inflation rate||3.04%|
|Price difference (CA$100 base)||CA$1,473.61|
|CPI in 1916||7.2|
|CPI in 2008||113.3|
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 2008 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1916-CAD-in-2008.