According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.13% per year. Prices in 2002 are 1230.3% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,330.26 in 2002, a difference of CA$1,230.26 over 64 years.
The inflation rate in 2002 was 3.80%.
|Cumulative price change||1230.26%|
|Average inflation rate||4.13%|
|Price difference (CA$100 base)||CA$1,230.26|
|CPI in 1938||7.6|
|CPI in 2002||101.1|
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: “1938 dollars in 2002 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Feb. 2018, http://www.in2013dollars.com/1938-CAD-in-2002.