According to Statistics Canada, the dollar experienced an average inflation rate of 2.82% per year. Prices in 1989 are 579.5% higher than prices in 1920.
In other words, CA$100 in the year 1920 is equivalent to CA$679.46 in 1989, a difference of CA$579.46 over 69 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||579.46%|
|Average inflation rate||2.82%|
|Price difference (CA$100 base)||CA$579.46|
|CPI in 1920||11.2|
|CPI in 1989||76.1|
Politics and news often play an important role in economic performance.