According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.99% per year. Prices in 1989 are 709.6% higher than prices in 1918.
In other words, CA$100 in the year 1918 is equivalent in purchasing power to CA$809.57 in 1989, a difference of CA$709.57 over 71 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||709.57%|
|Average inflation rate||2.99%|
|Price difference (CA$100 base)||CA$709.57|
|CPI in 1918||9.4|
|CPI in 1989||76.1|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “1918 dollars in 1989 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1918-CAD-in-1989.