CA$100 in 1941 → CA$1,039.08 in 1997

Canada Inflation Calculator

CA$

Canadian Inflation Rate, CA$100 in 1941 to 1997

According to Statistics Canada consumer price index, prices in 1997 are 939.08% higher than prices in 1941. The dollar experienced an average inflation rate of 4.27% per year during this period.

In other words, CA$100 in 1941 is equivalent in purchasing power to CA$1,039.08 in 1997, a difference of CA$939.08 over 56 years.

The 1941 inflation rate was 6.10%. The inflation rate in 1997 was 0.78%. The 1997 inflation rate is lower compared to the average inflation rate of 1.87% per year between 1997 and 2018.


Inflation from 1941 to 1997
Cumulative price change 939.08%
Average inflation rate 4.27%
Converted amount (CA$100 base) CA$1,039.08
Price difference (CA$100 base) CA$939.08
CPI in 1941 8.700
CPI in 1997 90.400
Inflation in 1941 6.10%
Inflation in 1997 0.78%


CAD inflation chart from 1914 to 2017


Buying power of CA$100 since 1941

This chart shows calculations of buying power equivalence over time for CA$100 in 1941 (price index tracking began in 1914).

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year CAD Value Inflation Rate
1941 CA$100.00 6.10%
1942 CA$103.45 3.45%
1943 CA$105.75 2.22%
1944 CA$103.45 -2.17%
1945 CA$105.75 2.22%
1946 CA$111.49 5.43%
1947 CA$127.59 14.43%
1948 CA$139.08 9.01%
1949 CA$140.23 0.83%
1950 CA$148.28 5.74%
1951 CA$164.37 10.85%
1952 CA$162.07 -1.40%
1953 CA$162.07 0.00%
1954 CA$162.07 0.00%
1955 CA$163.22 0.71%
1956 CA$167.82 2.82%
1957 CA$171.26 2.05%
1958 CA$175.86 2.68%
1959 CA$178.16 1.31%
1960 CA$180.46 1.29%
1961 CA$180.46 0.00%
1962 CA$183.91 1.91%
1963 CA$187.36 1.88%
1964 CA$190.80 1.84%
1965 CA$196.55 3.01%
1966 CA$203.45 3.51%
1967 CA$211.49 3.95%
1968 CA$220.69 4.35%
1969 CA$231.03 4.69%
1970 CA$233.33 1.00%
1971 CA$244.83 4.93%
1972 CA$257.47 5.16%
1973 CA$281.61 9.38%
1974 CA$317.24 12.65%
1975 CA$347.13 9.42%
1976 CA$366.67 5.63%
1977 CA$401.15 9.40%
1978 CA$435.63 8.60%
1979 CA$478.16 9.76%
1980 CA$531.03 11.06%
1981 CA$595.40 12.12%
1982 CA$650.57 9.27%
1983 CA$680.46 4.59%
1984 CA$705.75 3.72%
1985 CA$736.78 4.40%
1986 CA$767.82 4.21%
1987 CA$800.00 4.19%
1988 CA$831.03 3.88%
1989 CA$874.71 5.26%
1990 CA$918.39 4.99%
1991 CA$952.87 3.75%
1992 CA$973.56 2.17%
1993 CA$989.66 1.65%
1994 CA$991.95 0.23%
1995 CA$1,009.20 1.74%
1996 CA$1,031.03 2.16%
1997 CA$1,039.08 0.78%
1998 CA$1,049.43 1.00%
1999 CA$1,077.01 2.63%
2000 CA$1,111.49 3.20%
2001 CA$1,119.54 0.72%
2002 CA$1,162.07 3.80%
2003 CA$1,186.21 2.08%
2004 CA$1,211.49 2.13%
2005 CA$1,236.78 2.09%
2006 CA$1,257.47 1.67%
2007 CA$1,287.36 2.38%
2008 CA$1,302.30 1.16%
2009 CA$1,319.54 1.32%
2010 CA$1,350.57 2.35%
2011 CA$1,381.61 2.30%
2012 CA$1,393.10 0.83%
2013 CA$1,410.34 1.24%
2014 CA$1,431.03 1.47%
2015 CA$1,454.02 1.61%
2016 CA$1,475.86 1.50%
2017 CA$1,498.85 1.56%
2018 CA$1,532.18 2.22%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for CA$100, 1941 to 1997

This inflation calculator uses the following inflation rate formula:

CPI in 1997CPI in 1941
×
1941 CAD value
=
1997 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.7 in the year 1941 and 90.4 in 1997:

90.48.7
×
CA$100
=
CA$1,039.08

CA$100 in 1941 has the same "purchasing power" or "buying power" as CA$1,039.08 in 1997.

To get the total inflation rate for the 56 years between 1941 and 1997, we use the following formula:

CPI in 1997 - CPI in 1941CPI in 1941
×
100
=
Cumulative inflation rate (56 years)

Plugging in the values to this equation, we get:

90.4 - 8.78.7
×
100
=
939%

News headlines from 1941

Politics and news often influence economic performance. Here's what was happening at the time:

  • 6,000 Jews are exterminated in the Bucharest pogrom in Romania.
  • Kuomintang troops open fire at communist forces, leading to the resumption of the Chinese civil war.
  • The British battle cruiser the HMS Hood is sunk by the German Battleship Bismarck, leading to 1,416 dead and only 3 survivors.
  • Germany, Italy, and Romania declare war on the Soviet Union.

Data Source & Citation

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “1941 dollars in 1997 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Nov. 2018, https://www.officialdata.org/1941-CAD-in-1997.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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