CA$100 in 1938 → CA$1,201.32 in 1998

Canada Inflation Calculator


Canadian Inflation Rate, 1938-1998 (CA$100)

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.23% per year. Prices in 1998 are 1101.3% higher than prices in 1938.

In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,201.32 in 1998, a difference of CA$1,101.32 over 60 years.

The inflation rate in 1998 was 1.00%.

Inflation from 1938 to 1998
Cumulative price change 1101.32%
Average inflation rate 4.23%
Price difference (CA$100 base) CA$1,101.32
CPI in 1938 7.6
CPI in 1998 91.3

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$100, 1938 to 1998

Start with the inflation rate formula:

CPI in 1998 / CPI in 1938 * 1938 CAD value = 1998 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.6 in the year 1938 and 91.3 in 1998:

91.3 / 7.6 * CA$100 = CA$1,201.32

CA$100 in 1938 has the same "purchasing power" as CA$1,201.32 in 1998.

News headlines from 1938

Politics and news often influence economic performance. Here's what was happening at the time:

  • Anthony Eden resigns as United Kingdom's Foreign Secretary after stating that Prime Minister Neville Chamberlain has appeased Nazi Germany.
  • Czechoslovakia is forced to give territory to Germany after the Treaty of Munich was signed by Hitler, Mussolini, Daladier and Chamberlain.
  • Joseph Kennedy is named the 44th US Ambassador to the United Kingdom.

Inflation Data Source

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: “1938 dollars in 1998 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Feb. 2018,

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