Canadian inflation rate in 1989: 5.26%

Canada Inflation Calculator


Canadian Inflation Rate, 1989-2017 (CA$1)

The consumer price index (CPI) in 1989 was 76.1. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada, the dollar experienced an average inflation rate of 1.94% per year. Prices in 2017 are 71.4% higher than prices in 1989.

In other words, CA$1 in the year 1989 is equivalent to CA$1.71 in 2017, a difference of CA$0.71 over 28 years.

The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.

Inflation from 1989 to 2017
Cumulative price change 71.35%
Average inflation rate 1.94%
Price difference (CA$1 base) CA$0.71
CPI in 1989 76.1
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1989

Start with the inflation rate formula:

CPI in 2017 / CPI in 1989 * 1989 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 76.1 in the year 1989 and 130.4 in 2017:

130.4 / 76.1 * CA$1 = CA$1.71

CA$1 in 1989 has the same "purchasing power" as CA$1.71 in 2017.

News headlines from 1989

Politics and news often play an important role in economic performance.

  • Chinese troops kill an estimated 1,000 students protesting at Tiananmen Square.
  • The first (partially) free elections take place in Poland, bringing democracy to Eastern Europe for the first time in 40 years. (Won by the Solidarity Party)
  • The demolition of the Berlin Wall begins.
  • Presidents George H. W. Bush and Mikhail Gorbachev, declare that the Cold War has ended.

Inflation Data Source: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

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