Canadian inflation rate in 1938: -2.56%

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Canadian Inflation Rate, 1938-2017 (CA$1)

The consumer price index (CPI) in 1938 was 7.6. 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 3.66% per year. Prices in 2017 are 1615.8% higher than prices in 1938.

In other words, CA$1 in the year 1938 is equivalent to CA$17.16 in 2017, a difference of CA$16.16 over 79 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 1938 to 2017
Cumulative price change 1615.79%
Average inflation rate 3.66%
Price difference (CA$1 base) CA$16.16
CPI in 1938 7.6
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1938

Start with the inflation rate formula:

CPI in 2017 / CPI in 1938 * 1938 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.6 in the year 1938 and 130.4 in 2017:

130.4 / 7.6 * CA$1 = CA$17.16

CA$1 in 1938 has the same "purchasing power" as CA$17.16 in 2017.


News headlines from 1938

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

  • Anthony Eden resigns as United Kingdom's Foreign Secretary, after stating that Prime Minister Neville Chamberlain has appeased Nazi Germany.
  • Czechoslovakia is forced to give territory to Germany after the Treaty of Munich was signed by Hitler, Mussolini, Daladier and Chamberlain.
  • Joseph Kennedy is named the 44th US Ambassador to the United Kingdom.

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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