According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.61% per year. Prices in 1988 are 731.0% higher than prices in 1941.
In other words, CA$100 in the year 1941 is equivalent in purchasing power to CA$831.03 in 1988, a difference of CA$731.03 over 47 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||731.03%|
|Average inflation rate||4.61%|
|Price difference (CA$100 base)||CA$731.03|
|CPI in 1941||8.7|
|CPI in 1988||72.3|
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: “1941 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1941-CAD-in-1988.