According to Statistics Canada, the dollar experienced an average inflation rate of 3.06% per year. Prices in 1996 are 980.7% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$1,080.72 in 1996, a difference of CA$980.72 over 79 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||980.72%|
|Average inflation rate||3.06%|
|Price difference (CA$100 base)||CA$980.72|
|CPI in 1917||8.3|
|CPI in 1996||89.7|
Politics and news often play an important role in economic performance.