Canadian inflation rate in 1937: 4.00%

Canada Inflation Calculator


Canadian Inflation Rate, 1937-2018 (CA$1)

The consumer price index (CPI) in 1937 was 7.8. 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 3.54% per year. Prices in 2018 are 1578.2% higher than prices in 1937.

In other words, CA$1 in the year 1937 is equivalent in purchasing power to CA$16.78 in 2018, a difference of CA$15.78 over 81 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 1937 to 2018
Cumulative price change 1578.21%
Average inflation rate 3.54%
Price difference (CA$1 base) CA$15.78
CPI in 1937 7.8
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1937

Start with the inflation rate formula:

CPI in 2018 / CPI in 1937 * 1937 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.8 in the year 1937 and 130.9 in 2018:

130.9 / 7.8 * CA$1 = CA$16.78

CA$1 in 1937 has the same "purchasing power" as CA$16.78 in 2018.

News headlines from 1937

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

  • The Second Sino-Japanese War starts when Japanese and Chinese troops clash at the Marco Polo Bridge.
  • 193,000 Russians are executed by order of the Politburo's Operative Order 00447.
  • Adolf Hitler and his military leaders hold a secret meeting where he reveals his plan to go to war.

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: ā€œInflation Rate in 1937 | Canada Inflation Calculator.ā€ FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018,

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