According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.98% per year. Prices in 2007 are 1373.7% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,473.68 in 2007, a difference of CA$1,373.68 over 69 years.
The inflation rate in 2007 was 2.38%.
|Cumulative price change||1373.68%|
|Average inflation rate||3.98%|
|Price difference (CA$100 base)||CA$1,373.68|
|CPI in 1938||7.6|
|CPI in 2007||112|
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 2007 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Feb. 2018, http://www.in2013dollars.com/1938-CAD-in-2007.