According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.30% per year. Prices in 1997 are 1002.4% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,102.44 in 1997, a difference of CA$1,002.44 over 57 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||1002.44%|
|Average inflation rate||4.30%|
|Price difference (CA$100 base)||CA$1,002.44|
|CPI in 1940||8.2|
|CPI in 1997||90.4|
You may use the following MLA citation for this page: “1940 dollars in 1997 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Feb. 2018, http://www.in2013dollars.com/1940-CAD-in-1997.