According to Statistics Canada, the dollar experienced an average inflation rate of 2.86% per year. Prices in 2003 are 997.9% higher than prices in 1918.
In other words, CA$100 in the year 1918 is equivalent to CA$1,097.87 in 2003, a difference of CA$997.87 over 85 years.
The inflation rate in 2003 was 2.08%.
|Cumulative price change||997.87%|
|Average inflation rate||2.86%|
|Price difference (CA$100 base)||CA$997.87|
|CPI in 1918||9.4|
|CPI in 2003||103.2|
Politics and news often play an important role in economic performance.