According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.66% per year. Prices in 2017 are 1615.8% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,715.79 in 2017, a difference of CA$1,615.79 over 79 years.
The inflation rate in 2017 was 1.56%.
|Cumulative price change||1615.79%|
|Average inflation rate||3.66%|
|Price difference (CA$100 base)||CA$1,615.79|
|CPI in 1938||7.6|
|CPI in 2017||130.4|
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 2017 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1938-CAD-in-2017.