According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.61% per year. Prices in 1988 are 851.3% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$951.32 in 1988, a difference of CA$851.32 over 50 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||851.32%|
|Average inflation rate||4.61%|
|Price difference (CA$100 base)||CA$851.32|
|CPI in 1938||7.6|
|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: “1938 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Feb. 2018, http://www.in2013dollars.com/1938-CAD-in-1988.