According to Statistics Canada, the dollar experienced an average inflation rate of 2.91% per year. Prices in 1989 are 646.1% higher than prices in 1919.
In other words, CA$100 in the year 1919 is equivalent to CA$746.08 in 1989, a difference of CA$646.08 over 70 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||646.08%|
|Average inflation rate||2.91%|
|Price difference (CA$100 base)||CA$646.08|
|CPI in 1919||10.2|
|CPI in 1989||76.1|
Politics and news often play an important role in economic performance.