Canadian inflation rate in 1939: 2.63%

Canada Inflation Calculator

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Canadian Inflation Rate, 1939-2018 (CA$1)

The consumer price index (CPI) in 1939 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 3.63% per year. Prices in 2018 are 1578.2% higher than prices in 1939.

In other words, CA$1 in the year 1939 is equivalent in purchasing power to CA$16.78 in 2018, a difference of CA$15.78 over 79 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 1939 to 2018
Cumulative price change 1578.21%
Average inflation rate 3.63%
Price difference (CA$1 base) CA$15.78
CPI in 1939 7.8
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1939

Start with the inflation rate formula:

CPI in 2018 / CPI in 1939 * 1939 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.8 in the year 1939 and 130.9 in 2018:

130.9 / 7.8 * CA$1 = CA$16.78

CA$1 in 1939 has the same "purchasing power" as CA$16.78 in 2018.


News headlines from 1939

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

  • Hitler makes a speech to the German Reichstag where he threatens Jews.
  • Mahatma Gandhi begins his fast in protest against Britain’s autocratic rule in India
  • The Battle of Nanchang takes place between the Kuomintang ant the Japanese, during Sino-Japanese War.
  • The Spanish Civil War ends when Madrid falls to Francisco Franco.
  • Britain and France declare war on Germany after it invades Poland, signaling the start of World War II.
  • Mussolini’s Italy joins Hitler's war against Great Britain and France.
  • Winston Churchill is named British Prime Minister, succeeding Neville Chamberlain.
  • Nazi blitzkrieg conquest of France begins when the Germans cross the Muese River.
  • Auschwitz concentration camp is opened in Nazi-controlled Poland,.

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 1939 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1939.


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