According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.46% per year. Prices in 1988 are 826.9% higher than prices in 1937.
In other words, CA$100 in the year 1937 is equivalent in purchasing power to CA$926.92 in 1988, a difference of CA$826.92 over 51 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||826.92%|
|Average inflation rate||4.46%|
|Price difference (CA$100 base)||CA$826.92|
|CPI in 1937||7.8|
|CPI in 1988||72.3|
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: “1937 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1937-CAD-in-1988.