According to Statistics Canada, the dollar experienced an average inflation rate of 3.02% per year. Prices in 1983 are 613.3% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$713.25 in 1983, a difference of CA$613.25 over 66 years.
The inflation rate in 1983 was 4.59%.
|Cumulative price change||613.25%|
|Average inflation rate||3.02%|
|Price difference (CA$100 base)||CA$613.25|
|CPI in 1917||8.3|
|CPI in 1983||59.2|
Politics and news often play an important role in economic performance.