According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.62% per year. Prices in 1989 are 901.3% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,001.32 in 1989, a difference of CA$901.32 over 51 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||901.32%|
|Average inflation rate||4.62%|
|Price difference (CA$100 base)||CA$901.32|
|CPI in 1938||7.6|
|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: “1938 dollars in 1989 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1938-CAD-in-1989.