According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.00% per year. Prices in 2006 are 1234.1% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,334.15 in 2006, a difference of CA$1,234.15 over 66 years.
The inflation rate in 2006 was 1.67%.
|Cumulative price change||1234.15%|
|Average inflation rate||4.00%|
|Price difference (CA$100 base)||CA$1,234.15|
|CPI in 1940||8.2|
|CPI in 2006||109.4|
You may use the following MLA citation for this page: “1940 dollars in 2006 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1940-CAD-in-2006.