Canadian inflation rate in 1937: 4.00%

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CA$

Inflation in 1937 and Its Effect on Dollar Value

Purchasing power decreased by 4.00% in 1937 compared to the previous year, 1936. On average, you would have to spend 4.00% more money in 1937 than in 1936 for the same item.

In other words, CA$1 in 1936 is equivalent in purchasing power to CA$1.04 in 1937.

The 1936 inflation rate was 1.35%. The inflation rate in 1937 was 4.00%. The 1937 inflation rate is higher compared to the average inflation rate of 3.57% per year between 1937 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1937 was 7.8. It was 7.5 in the previous year, 1936. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.


Inflation from 1936 to 1937
Average inflation rate 4.00%
Converted amount (CA$1 base) CA$1.04
Price difference (CA$1 base) CA$0.04
CPI in 1936 7.500
CPI in 1937 7.800
Inflation in 1936 1.35%
Inflation in 1937 4.00%


CAD inflation chart from 1914 to 2017


How to Calculate Inflation Rate for CA$1, 1936 to 1937

This inflation calculator uses the following inflation rate formula:

CPI in 1937CPI in 1936
×
1936 CAD value
=
1937 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.5 in the year 1936 and 7.8 in 1937:

7.87.5
×
CA$1
=
CA$1.04

CA$1 in 1936 has the same "purchasing power" or "buying power" as CA$1.04 in 1937.

To get the total inflation rate for the 1 years between 1936 and 1937, we use the following formula:

CPI in 1937 - CPI in 1936CPI in 1936
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

7.8 - 7.57.5
×
100
=
4%

News headlines from 1936

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

  • Hitler violates the Versailles treaty by sending his troops into the Rhineland.
  • Spanish generals Francisco Franco and Emilio Mola begin a right wing uprising in Spain signalling the start of the Spanish Civil War.
  • Doctors administer the first radioactive isotope medicine in Berkley, California.

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: “Inflation Rate in 1937 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1937.

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


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