According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.25% per year. Prices in 1989 are 727.2% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$827.17 in 1989, a difference of CA$727.17 over 66 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||727.17%|
|Average inflation rate||3.25%|
|Price difference (CA$100 base)||CA$727.17|
|CPI in 1923||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: “1923 dollars in 1989 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 May. 2018, https://www.officialdata.org/1923-CAD-in-1989.