CA$100 in 1938 → CA$1,330.26 in 2002

Canada Inflation Calculator


Canadian Inflation Rate, 1938-2002 (CA$100)

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%.

Inflation from 1938 to 2002
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

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$100, 1938 to 2002

Start with the inflation rate formula:

CPI in 2002 / CPI in 1938 * 1938 CAD value = 2002 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.6 in the year 1938 and 101.1 in 2002:

101.1 / 7.6 * CA$100 = CA$1,330.26

CA$100 in 1938 has the same "purchasing power" as CA$1,330.26 in 2002.

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 2002 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Feb. 2018,

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