Canadian inflation rate in 1941: 6.10%

Canada Inflation Calculator

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Canadian Inflation Rate, 1941-2018 (CA$1)

The consumer price index (CPI) in 1941 was 8.7. 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 3.58% per year. Prices in 2018 are 1404.6% higher than prices in 1941.

In other words, CA$1 in the year 1941 is equivalent in purchasing power to CA$15.05 in 2018, a difference of CA$14.05 over 77 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 1941 to 2018
Cumulative price change 1404.60%
Average inflation rate 3.58%
Price difference (CA$1 base) CA$14.05
CPI in 1941 8.7
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1941

Start with the inflation rate formula:

CPI in 2018 / CPI in 1941 * 1941 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.7 in the year 1941 and 130.9 in 2018:

130.9 / 8.7 * CA$1 = CA$15.05

CA$1 in 1941 has the same "purchasing power" as CA$15.05 in 2018.


News headlines from 1941

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

  • 6,000 Jews are exterminated in the Bucharest pogrom in Romania.
  • Kuomintang troops open fire at communist forces, leading to the resumption of the Chinese civil war.
  • The British battle cruiser the HMS Hood is sunk by the German Battleship Bismarck, leading to 1,416 dead and only 3 survivors.
  • Germany, Italy, and Romania declare war on the Soviet Union.

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 1941 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Jan. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1941.


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