According to Statistics Canada consumer price index, prices in 1939 are 4.88% lower than average prices since 1940. The Canadian dollar experienced an average inflation rate of 5.13% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1940 is equivalent in purchasing power to about $0.95 in 1939.

The 1939 inflation rate was 2.63%. The inflation rate in 1940 was 5.13%. The 1940 inflation rate is higher compared to the average inflation rate of 3.58% per year between 1940 and 2020.

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Average inflation rate | 5.13% |

Converted amount ($1 base) | $0.95 |

Price difference ($1 base) | $-0.05 |

CPI in 1940 | 8.200 |

CPI in 1939 | 7.800 |

Inflation in 1939 | 2.63% |

Inflation in 1940 | 5.13% |

This inflation calculator uses the following inflation rate formula:

CPI in 1939CPI in 1940

×

1940 CAD value

=

1939 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.2 in the year 1940 and 7.8 in 1939:

7.88.2

×

$1

=

$1 in 1940 has the same "purchasing power" or "buying power" as $0.95 in 1939.

To get the total inflation rate for the 1 years between 1939 and 1940, we use the following formula:

CPI in 1939 - CPI in 1940CPI in 1940

×

100

=

Plugging in the values to this equation, we get:

7.8 - 8.28.2

×

100

=

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 1940 → 1939 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 17 Feb. 2020, https://www.officialdata.org/1940-CAD-in-1939?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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

Average inflation rate | 5.13% |

Converted amount ($1 base) | $0.95 |

Price difference ($1 base) | $-0.05 |

CPI in 1940 | 8.200 |

CPI in 1939 | 7.800 |

Inflation in 1939 | 2.63% |

Inflation in 1940 | 5.13% |