According to Statistics Canada, the dollar experienced an average inflation rate of 3.28% per year. Prices in 1989 are 956.9% higher than prices in 1916.
In other words, CA$100 in the year 1916 is equivalent to CA$1,056.94 in 1989, a difference of CA$956.94 over 73 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||956.94%|
|Average inflation rate||3.28%|
|Price difference (CA$100 base)||CA$956.94|
|CPI in 1916||7.2|
|CPI in 1989||76.1|
Politics and news often play an important role in economic performance.