According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.95% per year. Prices in 2014 are 1629.2% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent in purchasing power to CA$1,729.17 in 2014, a difference of CA$1,629.17 over 98 years.
The inflation rate in 2014 was 1.47%.
|Cumulative price change||1629.17%|
|Average inflation rate||2.95%|
|Price difference (CA$100 base)||CA$1,629.17|
|CPI in 1916||7.2|
|CPI in 2014||124.5|
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 2014 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1916-CAD-in-2014.