According to Statistics Canada, the dollar experienced an average inflation rate of 2.81% per year. Prices in 1998 are 795.1% higher than prices in 1919.
In other words, CA$100 in the year 1919 is equivalent to CA$895.10 in 1998, a difference of CA$795.10 over 79 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||795.10%|
|Average inflation rate||2.81%|
|Price difference (CA$100 base)||CA$795.10|
|CPI in 1919||10.2|
|CPI in 1998||91.3|
Politics and news often play an important role in economic performance.