According to Statistics Canada, the dollar experienced an average inflation rate of 2.84% per year. Prices in 1997 are 786.3% higher than prices in 1919.
In other words, CA$100 in the year 1919 is equivalent to CA$886.27 in 1997, a difference of CA$786.27 over 78 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||786.27%|
|Average inflation rate||2.84%|
|Price difference (CA$100 base)||CA$786.27|
|CPI in 1919||10.2|
|CPI in 1997||90.4|
Politics and news often play an important role in economic performance.