According to Statistics Canada, 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 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 play an important role in economic performance.