According to Statistics Canada, the dollar experienced an average inflation rate of 2.97% per year. Prices in 2013 are 1604.2% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,704.17 in 2013, a difference of CA$1,604.17 over 97 years.
The inflation rate in 2013 was 1.24%.
|Cumulative price change||1604.17%|
|Average inflation rate||2.97%|
|Price difference (CA$100 base)||CA$1,604.17|
|CPI in 1916||7.2|
|CPI in 2013||122.7|
Politics and news often play an important role in economic performance.