According to Statistics Canada, the dollar experienced an average inflation rate of 2.93% per year. Prices in 1996 are 854.3% higher than prices in 1918.
In other words, CA$100 in the year 1918 is equivalent to CA$954.26 in 1996, a difference of CA$854.26 over 78 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||854.26%|
|Average inflation rate||2.93%|
|Price difference (CA$100 base)||CA$854.26|
|CPI in 1918||9.4|
|CPI in 1996||89.7|
Politics and news often play an important role in economic performance.