According to Statistics Canada, the dollar experienced an average inflation rate of 3.13% per year. Prices in 1993 are 937.3% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$1,037.35 in 1993, a difference of CA$937.35 over 76 years.
The inflation rate in 1993 was 1.65%.
|Cumulative price change||937.35%|
|Average inflation rate||3.13%|
|Price difference (CA$100 base)||CA$937.35|
|CPI in 1917||8.3|
|CPI in 1993||86.1|
Politics and news often play an important role in economic performance.