According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.69% per year. Prices in 2016 are 1589.5% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,689.47 in 2016, a difference of CA$1,589.47 over 78 years.
The inflation rate in 2016 was 1.50%.
|Cumulative price change||1589.47%|
|Average inflation rate||3.69%|
|Price difference (CA$100 base)||CA$1,589.47|
|CPI in 1938||7.6|
|CPI in 2016||128.4|
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 2016 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1938-CAD-in-2016.