According to Statistics Canada, the dollar experienced an average inflation rate of 2.88% per year. Prices in 1988 are 608.8% higher than prices in 1919.
In other words, CA$100 in the year 1919 is equivalent to CA$708.82 in 1988, a difference of CA$608.82 over 69 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||608.82%|
|Average inflation rate||2.88%|
|Price difference (CA$100 base)||CA$608.82|
|CPI in 1919||10.2|
|CPI in 1988||72.3|
Politics and news often play an important role in economic performance.