According to Statistics Canada, the dollar experienced an average inflation rate of 3.10% per year. Prices in 1988 are 771.1% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$871.08 in 1988, a difference of CA$771.08 over 71 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||771.08%|
|Average inflation rate||3.10%|
|Price difference (CA$100 base)||CA$771.08|
|CPI in 1917||8.3|
|CPI in 1988||72.3|
Politics and news often play an important role in economic performance.