According to Statistics Canada, the dollar experienced an average inflation rate of 3.08% per year. Prices in 1987 are 738.6% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$838.55 in 1987, a difference of CA$738.55 over 70 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||738.55%|
|Average inflation rate||3.08%|
|Price difference (CA$100 base)||CA$738.55|
|CPI in 1917||8.3|
|CPI in 1987||69.6|
Politics and news often play an important role in economic performance.