Canadian inflation rate in 1940: 5.13%

Canada Inflation Calculator


Canadian Inflation Rate, 1940-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.62% per year. Prices in 2018 are 1496.3% higher than prices in 1940.

In other words, CA$1 in the year 1940 is equivalent in purchasing power to CA$15.96 in 2018, a difference of CA$14.96 over 78 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 1940 to 2018
Cumulative price change 1496.34%
Average inflation rate 3.62%
Price difference (CA$1 base) CA$14.96
CPI in 1940 8.2
CPI in 2018 130.9

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 2018 / CPI in 1940 * 1940 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.2 in the year 1940 and 130.9 in 2018:

130.9 / 8.2 * CA$1 = CA$15.96

CA$1 in 1940 has the same "purchasing power" as CA$15.96 in 2018.

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 1940 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 26 Apr. 2018,

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