According to Statistics Canada, the dollar experienced an average inflation rate of 2.92% per year. Prices in 2016 are 1683.3% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,783.33 in 2016, a difference of CA$1,683.33 over 100 years.
The inflation rate in 2016 was 1.50%.
|Cumulative price change||1683.33%|
|Average inflation rate||2.92%|
|Price difference (CA$100 base)||CA$1,683.33|
|CPI in 1916||7.2|
|CPI in 2016||128.4|
Politics and news often play an important role in economic performance.