Canadian inflation rate in 1941: 6.10%

Canada Inflation Calculator


Canadian Inflation Rate, 1941-2017 (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, the dollar experienced an average inflation rate of 3.63% per year. Prices in 2017 are 1398.9% higher than prices in 1941.

In other words, CA$1 in the year 1941 is equivalent to CA$14.99 in 2017, a difference of CA$13.99 over 76 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 1941 to 2017
Cumulative price change 1398.85%
Average inflation rate 3.63%
Price difference (CA$1 base) CA$13.99
CPI in 1941 8.7
CPI in 2017 130.4

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 2017 / CPI in 1941 * 1941 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.7 in the year 1941 and 130.4 in 2017:

130.4 / 8.7 * CA$1 = CA$14.99

CA$1 in 1941 has the same "purchasing power" as CA$14.99 in 2017.

News headlines from 1941

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

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

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