Canadian inflation rate in 1937: 4.00%

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Canadian Inflation Rate, 1937-2017 (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, the dollar experienced an average inflation rate of 3.58% per year. Prices in 2017 are 1571.8% higher than prices in 1937.

In other words, CA$1 in the year 1937 is equivalent to CA$16.72 in 2017, a difference of CA$15.72 over 80 years.

The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.

Inflation from 1937 to 2017
Cumulative price change 1571.79%
Average inflation rate 3.58%
Price difference (CA$1 base) CA$15.72
CPI in 1937 7.8
CPI in 2017 130.4


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 2017 / CPI in 1937 * 1937 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.8 in the year 1937 and 130.4 in 2017:

130.4 / 7.8 * CA$1 = CA$16.72

The "purchasing power" of CA$1 from 1937 is CA$16.72 in 2017.


News headlines from 1937

Politics and news often play an important role in economic performance.

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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