According to Statistics Canada, the dollar experienced an average inflation rate of 3.01% per year. Prices in 2011 are 1569.4% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,669.44 in 2011, a difference of CA$1,569.44 over 95 years.
The inflation rate in 2011 was 2.30%.
|Cumulative price change||1569.44%|
|Average inflation rate||3.01%|
|Price difference (CA$100 base)||CA$1,569.44|
|CPI in 1916||7.2|
|CPI in 2011||120.2|
Politics and news often play an important role in economic performance.