Canadian inflation rate in 1934: 1.41%

Canada Inflation Calculator


Canadian Inflation Rate, 1934-2018 (CA$1)

The consumer price index (CPI) in 1934 was 7.2. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.51% per year. Prices in 2018 are 1718.1% higher than prices in 1934.

In other words, CA$1 in the year 1934 is equivalent in purchasing power to CA$18.18 in 2018, a difference of CA$17.18 over 84 years.

The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.

Inflation from 1934 to 2018
Cumulative price change 1718.06%
Average inflation rate 3.51%
Price difference (CA$1 base) CA$17.18
CPI in 1934 7.2
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1934

Start with the inflation rate formula:

CPI in 2018 / CPI in 1934 * 1934 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1934 and 130.9 in 2018:

130.9 / 7.2 * CA$1 = CA$18.18

CA$1 in 1934 has the same "purchasing power" as CA$18.18 in 2018.

News headlines from 1934

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

  • American and Canadian prairies suffer during "The Great Dustbowl", a period of drought and severe dust storms.
  • John Dillinger becomes commonly known as America's first Public Enemy Number One.
  • Hitler brutally purges the leadership of the Nazi party in an event known as "Night of Long Knives".
  • The Assassination of Leningrad mayor Sergey Kirov is used as a pretext by Stalin to start the Great Purge of the Communist party.

Inflation Data Source

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: “Inflation Rate in 1934 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Apr. 2018,

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