According to Statistics Canada, the dollar experienced an average inflation rate of 2.85% per year. Prices in 2004 are 1021.3% higher than prices in 1918.
In other words, CA$100 in the year 1918 is equivalent to CA$1,121.28 in 2004, a difference of CA$1,021.28 over 86 years.
The inflation rate in 2004 was 2.13%.
|Cumulative price change||1021.28%|
|Average inflation rate||2.85%|
|Price difference (CA$100 base)||CA$1,021.28|
|CPI in 1918||9.4|
|CPI in 2004||105.4|
Politics and news often play an important role in economic performance.