According to Statistics Canada, the dollar experienced an average inflation rate of 3.13% per year. Prices in 1989 are 816.9% higher than prices in 1917.
In other words, CA$100 in the year 1917 is equivalent to CA$916.87 in 1989, a difference of CA$816.87 over 72 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||816.87%|
|Average inflation rate||3.13%|
|Price difference (CA$100 base)||CA$816.87|
|CPI in 1917||8.3|
|CPI in 1989||76.1|
Politics and news often play an important role in economic performance.