View $1 in 1989 → 2025
👉 You may be interested in $1 in 1989 → 2025
Value of $1 from 1989 to 2022
$1 in 1989 is equivalent in purchasing power to about $2.02 in 2022, an increase of $1.02 over 33 years. The dollar had an average inflation rate of 2.16% per year between 1989 and 2022, producing a cumulative price increase of 102.24%.
This means that prices in 2022 are 2.02 times as high as average prices since 1989, according to Statistics Canada consumer price index.
The inflation rate in 1989 was 4.98%. The inflation rate in 2022 was 6.80%. The 2022 inflation rate is higher compared to the average inflation rate of 2.27% per year between 2022 and 2025.
⌃
| Cumulative price change | 102.24% |
| Average inflation rate | 2.16% |
| Converted amount $1 base | $2.02 |
| Price difference $1 base | $1.02 |
| CPI in 1989 | 74.783 |
| CPI in 2022 | 151.242 |
| Inflation in 1989 | 4.98% |
| Inflation in 2022 | 6.80% |
| $1 in 1989 | $2.02 in 2022 |
Buying power of $1 in 1989
This chart shows a calculation of buying power equivalence for $1 in 1989 (price index tracking began in 1914).
For example, if you started with $1, you would need to end with $2.02 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $2.02 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1989 dollars, the chart below shows how $1 is worth less over 33 years.
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1989 amounts in 2022 dollars, based on the 102.24% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1989 | $2.02 dollars in 2022 |
| $5 dollars in 1989 | $10.11 dollars in 2022 |
| $10 dollars in 1989 | $20.22 dollars in 2022 |
| $50 dollars in 1989 | $101.12 dollars in 2022 |
| $100 dollars in 1989 | $202.24 dollars in 2022 |
| $500 dollars in 1989 | $1,011.20 dollars in 2022 |
| $1,000 dollars in 1989 | $2,022.40 dollars in 2022 |
| $5,000 dollars in 1989 | $10,111.99 dollars in 2022 |
| $10,000 dollars in 1989 | $20,223.98 dollars in 2022 |
| $50,000 dollars in 1989 | $101,119.90 dollars in 2022 |
| $100,000 dollars in 1989 | $202,239.80 dollars in 2022 |
| $500,000 dollars in 1989 | $1,011,199.02 dollars in 2022 |
| $1,000,000 dollars in 1989 | $2,022,398.04 dollars in 2022 |
How to calculate inflation rate for $1, 1989 to 2022
Our calculations use the following inflation rate formula to calculate the change in value between 1989 and 2022:
CPI in 2022 CPI in 1989
×
1989 CAD value
=
2022 CAD value
Then plug in historical CPI values. The Canadian CPI was 74.78333333 in the year 1989 and 151.24166666666667 in 2022:
151.2416666666666774.78333333
×
$1
=
$2.02
$1 in 1989 has the same "purchasing power" or "buying power" as $2.02 in 2022.
To get the total inflation rate for the 33 years between 1989 and 2022, we use the following formula:
CPI in 2022 - CPI in 1989CPI in 1989
×
100
=
Cumulative inflation rate (33 years)
Plugging in the values to this equation, we get:
151.24166666666667 - 74.7833333374.78333333
×
100
=
102%
Data source & citation
Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).
You may use the following MLA citation for this page: “$1 in 1989 → 2022 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 10 May. 2025, https://www.officialdata.org/canada/inflation/1989?amount=1&endYear=2022.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 102.24% |
| Average inflation rate | 2.16% |
| Converted amount $1 base | $2.02 |
| Price difference $1 base | $1.02 |
| CPI in 1989 | 74.783 |
| CPI in 2022 | 151.242 |
| Inflation in 1989 | 4.98% |
| Inflation in 2022 | 6.80% |
| $1 in 1989 | $2.02 in 2022 |
