According to Statistics Canada, the dollar experienced an average inflation rate of 3.03% per year. Prices in 1997 are 989.2% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$1,089.16 in 1997, a difference of CA$989.16 over 80 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||989.16%|
|Average inflation rate||3.03%|
|Price difference (CA$100 base)||CA$989.16|
|CPI in 1917||8.3|
|CPI in 1997||90.4|
Politics and news often play an important role in economic performance.