According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.52% per year. Prices in 1989 are 727.2% higher than prices in 1928.
In other words, CA$100 in the year 1928 is equivalent in purchasing power to CA$827.17 in 1989, a difference of CA$727.17 over 61 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||727.17%|
|Average inflation rate||3.52%|
|Price difference (CA$100 base)||CA$727.17|
|CPI in 1928||9.2|
|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: “1928 dollars in 1989 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1928-CAD-in-1989.