According to Statistics Canada, the dollar experienced an average inflation rate of 2.90% per year. Prices in 1981 are 524.1% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$624.10 in 1981, a difference of CA$524.10 over 64 years.
The inflation rate in 1981 was 12.12%.
|Cumulative price change||524.10%|
|Average inflation rate||2.90%|
|Price difference (CA$100 base)||CA$524.10|
|CPI in 1917||8.3|
|CPI in 1981||51.8|
Politics and news often play an important role in economic performance.