According to Statistics Canada, the dollar experienced an average inflation rate of 2.98% per year. Prices in 2012 are 1583.3% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,683.33 in 2012, a difference of CA$1,583.33 over 96 years.
The inflation rate in 2012 was 0.83%.
|Cumulative price change||1583.33%|
|Average inflation rate||2.98%|
|Price difference (CA$100 base)||CA$1,583.33|
|CPI in 1916||7.2|
|CPI in 2012||121.2|
Politics and news often play an important role in economic performance.