Canadian inflation rate in 1940: 5.13%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1940-2017 (CA$1)

The consumer price index (CPI) in 1940 was 8.2. 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 1490.2% higher than prices in 1940.

In other words, CA$1 in the year 1940 is equivalent to CA$15.90 in 2017, a difference of CA$14.90 over 77 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 1940 to 2017
Cumulative price change 1490.24%
Average inflation rate 3.66%
Price difference (CA$1 base) CA$14.90
CPI in 1940 8.2
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1940

Start with the inflation rate formula:

CPI in 2017 / CPI in 1940 * 1940 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.2 in the year 1940 and 130.4 in 2017:

130.4 / 8.2 * CA$1 = CA$15.90

The "purchasing power" of CA$1 from 1940 is CA$15.90 in 2017.


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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