According to Statistics Canada, the dollar experienced an average inflation rate of 2.96% per year. Prices in 1988 are 669.1% higher than prices in 1918.
In other words, CA$100 in the year 1918 is equivalent to CA$769.15 in 1988, a difference of CA$669.15 over 70 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||669.15%|
|Average inflation rate||2.96%|
|Price difference (CA$100 base)||CA$669.15|
|CPI in 1918||9.4|
|CPI in 1988||72.3|
Politics and news often play an important role in economic performance.