According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.98% per year. Prices in 1989 are 863.3% higher than prices in 1931.
In other words, CA$100 in the year 1931 is equivalent in purchasing power to CA$963.29 in 1989, a difference of CA$863.29 over 58 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||863.29%|
|Average inflation rate||3.98%|
|Price difference (CA$100 base)||CA$863.29|
|CPI in 1931||7.9|
|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: “1931 dollars in 1989 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1931-CAD-in-1989.