$1 in 1935 → $1.03 in 1938

Canada Inflation Calculator

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$1 in 1935 → $1.03 in 1938

Canadian Inflation Rate, $1 in 1935 to 1938

According to Statistics Canada consumer price index, prices in 1938 are 2.70% higher than average prices since 1935. The Canadian dollar experienced an average inflation rate of 0.89% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1935 is equivalent in purchasing power to about $1.03 in 1938, a difference of $0.03 over 3 years.

The 1935 inflation rate was 2.78%. The inflation rate in 1938 was -2.56%. The 1938 inflation rate is lower compared to the average inflation rate of 3.58% per year between 1938 and 2020.


Inflation from 1935 to 1938
Cumulative price change 2.70%
Average inflation rate 0.89%
Converted amount ($1 base) $1.03
Price difference ($1 base) $0.03
CPI in 1935 7.400
CPI in 1938 7.600
Inflation in 1935 2.78%
Inflation in 1938 -2.56%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI
Download

Buying power of $1 in 1935

This chart shows a calculation of buying power equivalence for $1 in 1935 (price index tracking began in 1914).

For example, if you started with $1, you would need to end with $1.03 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.03 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1935 dollars, the chart below shows how $1 buys less over the past 3 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1935 $1.00 2.78%
1936 $1.01 1.35%
1937 $1.05 4.00%
1938 $1.03 -2.56%
1939 $1.05 2.63%
1940 $1.11 5.13%
1941 $1.18 6.10%
1942 $1.22 3.45%
1943 $1.24 2.22%
1944 $1.22 -2.17%
1945 $1.24 2.22%
1946 $1.31 5.43%
1947 $1.50 14.43%
1948 $1.64 9.01%
1949 $1.65 0.83%
1950 $1.74 5.74%
1951 $1.93 10.85%
1952 $1.91 -1.40%
1953 $1.91 0.00%
1954 $1.91 0.00%
1955 $1.92 0.71%
1956 $1.97 2.82%
1957 $2.01 2.05%
1958 $2.07 2.68%
1959 $2.09 1.31%
1960 $2.12 1.29%
1961 $2.12 0.00%
1962 $2.16 1.91%
1963 $2.20 1.88%
1964 $2.24 1.84%
1965 $2.31 3.01%
1966 $2.39 3.51%
1967 $2.49 3.95%
1968 $2.59 4.35%
1969 $2.72 4.69%
1970 $2.74 1.00%
1971 $2.88 4.93%
1972 $3.03 5.16%
1973 $3.31 9.38%
1974 $3.73 12.65%
1975 $4.08 9.42%
1976 $4.31 5.63%
1977 $4.72 9.40%
1978 $5.12 8.60%
1979 $5.62 9.76%
1980 $6.24 11.06%
1981 $7.00 12.12%
1982 $7.65 9.27%
1983 $8.00 4.59%
1984 $8.30 3.72%
1985 $8.66 4.40%
1986 $9.03 4.21%
1987 $9.41 4.19%
1988 $9.77 3.88%
1989 $10.28 5.26%
1990 $10.80 4.99%
1991 $11.20 3.75%
1992 $11.45 2.17%
1993 $11.64 1.65%
1994 $11.66 0.23%
1995 $11.86 1.74%
1996 $12.12 2.16%
1997 $12.22 0.78%
1998 $12.34 1.00%
1999 $12.66 2.63%
2000 $13.07 3.20%
2001 $13.16 0.72%
2002 $13.66 3.80%
2003 $13.95 2.08%
2004 $14.24 2.13%
2005 $14.54 2.09%
2006 $14.78 1.67%
2007 $15.14 2.38%
2008 $15.31 1.16%
2009 $15.51 1.32%
2010 $15.88 2.35%
2011 $16.24 2.30%
2012 $16.38 0.83%
2013 $16.58 1.24%
2014 $16.82 1.47%
2015 $17.09 1.61%
2016 $17.35 1.50%
2017 $17.62 1.56%
2018 $17.68 0.31%
2019 $18.03 1.99%
2020 $18.43 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for $1, 1935 to 1938

This inflation calculator uses the following inflation rate formula:

CPI in 1938CPI in 1935
×
1935 CAD value
=
1938 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.4 in the year 1935 and 7.6 in 1938:

7.67.4
×
$1
=
$1.03

$1 in 1935 has the same "purchasing power" or "buying power" as $1.03 in 1938.

To get the total inflation rate for the 3 years between 1935 and 1938, we use the following formula:

CPI in 1938 - CPI in 1935CPI in 1935
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

7.6 - 7.47.4
×
100
=
3%

News headlines from 1935

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

  • Hitler violates the Treaty of Versailles by ordering German rearmament.
  • In an event known as "Black Sunday", a severe sandstorm strikes the US Midwest, coining the term "Dust Bowl".
  • Communist forces end their Long March bringing Mao Zedong to prominence.
  • First trans-pacific airmail flight by a flying boat the "China Clipper" that took off from Alameda, California

Data Source & Citation

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: “$1 in 1935 → 1938 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Jan. 2020, https://www.officialdata.org/1935-CAD-in-1938?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1935 to 1938
Cumulative price change 2.70%
Average inflation rate 0.89%
Converted amount ($1 base) $1.03
Price difference ($1 base) $0.03
CPI in 1935 7.400
CPI in 1938 7.600
Inflation in 1935 2.78%
Inflation in 1938 -2.56%