According to Statistics Canada, the dollar experienced an average inflation rate of 3.00% per year. Prices in 1998 are 1000.0% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$1,100.00 in 1998, a difference of CA$1,000.00 over 81 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||1000.00%|
|Average inflation rate||3.00%|
|Price difference (CA$100 base)||CA$1,000.00|
|CPI in 1917||8.3|
|CPI in 1998||91.3|
Politics and news often play an important role in economic performance.