Canadian inflation rate in 1939: 2.63%

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Canadian Inflation Rate, 1939-2017 (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, the dollar experienced an average inflation rate of 3.68% per year. Prices in 2017 are 1571.8% higher than prices in 1939.

In other words, CA$1 in the year 1939 is equivalent to CA$16.72 in 2017, a difference of CA$15.72 over 78 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 1939 to 2017
Cumulative price change 1571.79%
Average inflation rate 3.68%
Price difference (CA$1 base) CA$15.72
CPI in 1939 7.8
CPI in 2017 130.4


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 2017 / CPI in 1939 * 1939 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.8 in the year 1939 and 130.4 in 2017:

130.4 / 7.8 * CA$1 = CA$16.72

CA$1 in 1939 has the same "purchasing power" as CA$16.72 in 2017.


News headlines from 1939

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

  • 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 signalling the start of World War II.
  • 1940
  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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