According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.64% per year. Prices in 1988 are 781.7% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$881.71 in 1988, a difference of CA$781.71 over 48 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||781.71%|
|Average inflation rate||4.64%|
|Price difference (CA$100 base)||CA$781.71|
|CPI in 1940||8.2|
|CPI in 1988||72.3|
You may use the following MLA citation for this page: “1940 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018, http://www.in2013dollars.com/1940-CAD-in-1988.