CA$100 in 1916 → CA$1,004.17 in 1988

Canada Inflation Calculator

CA$

Canadian Inflation Rate, CA$100 in 1916 to 1988

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.26% per year. Prices in 1988 are 904.2% higher than prices in 1916.

In other words, CA$100 in 1916 is equivalent in purchasing power to CA$1,004.17 in 1988, a difference of CA$904.17 over 72 years.

The inflation rate in 1988 was 3.88%.

Inflation from 1916 to 1988
Cumulative price change 904.17%
Average inflation rate 3.26%
Converted amount (CA$100 base) CA$1,004.17
Price difference (CA$100 base) CA$904.17
CPI in 1916 7.2
CPI in 1988 72.3


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100, 1916 to 1988

This inflation calculator uses the following inflation rate formula:

CPI in 1988 / CPI in 1916 * 1916 CAD value = 1988 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1916 and 72.3 in 1988:

72.3 / 7.2 * CA$100 = CA$1,004.17

CA$100 in 1916 has the same "purchasing power" or "buying power" as CA$1,004.17 in 1988.


News headlines from 1916

Politics and news often influence economic performance. Here's what was happening at the time:

  • Ottoman forces successfully defend access to Constantinople, leading to ANZAC forces withdrawal from the Gallipoli Peninsula.
  • An estimated 1 million men are killed during the Battle of Verdun.
  • The Easter Rising ends after Irish republicans abandon the post office in Dublin and surrenders.
  • Tanks known as 'Little Willies' are used for the first time at the Battle of the Somme.
  • The first aerial combat in France is won by Manfred von Richthofen, known as The Red Baron, German Luftstreitkrafte flying ace.

Inflation Data Source

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “1916 dollars in 1988 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jun. 2018, https://www.officialdata.org/1916-CAD-in-1988.


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