According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.38% per year. Prices in 1989 are 956.9% higher than prices in 1934.
In other words, CA$100 in the year 1934 is equivalent in purchasing power to CA$1,056.94 in 1989, a difference of CA$956.94 over 55 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||956.94%|
|Average inflation rate||4.38%|
|Price difference (CA$100 base)||CA$956.94|
|CPI in 1934||7.2|
|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: “1934 dollars in 1989 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2018, https://www.officialdata.org/1934-CAD-in-1989.