# Canadian inflation rate in 1937: 3.60%

\$

## Inflation in 1937 and its effect on dollar value

\$1 in 1936 is equivalent in purchasing power to about \$1.04 in 1937. The dollar had an average inflation rate of 3.60% per year between 1936 and 1937, producing a cumulative price increase of 3.60%. Purchasing power decreased by 3.60% in 1937 compared to 1936. On average, you would have to spend 3.60% more money in 1937 than in 1936 for the same item.

This means that prices in 1937 are 1.04 times higher than average prices since 1936, according to Statistics Canada consumer price index.

The inflation rate in 1936 was 2.07%. The inflation rate in 1937 was 3.60%. The 1937 inflation rate is higher compared to the average inflation rate of 3.51% per year between 1937 and 2022.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1937 was 7.67. It was 7.40 in the previous year, 1936. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 3.60% Converted amount (\$1 base) \$1.04 Price difference (\$1 base) \$0.04 CPI in 1936 7.400 CPI in 1937 7.667 Inflation in 1936 2.07% Inflation in 1937 3.60% \$1 in 1936 \$1.04 in 1937

## How to calculate inflation rate for \$1, 1936 to 1937

Our calculations use the following inflation rate formula to calculate the change in value between 1936 and 1937:

CPI in 1937 CPI in 1936
×
=

Then plug in historical CPI values. The Canadian CPI was 7.4 in the year 1936 and 7.666666667 in 1937:

7.6666666677.4
×
\$1
=
\$1.04

\$1 in 1936 has the same "purchasing power" or "buying power" as \$1.04 in 1937.

To get the total inflation rate for the 1 years between 1936 and 1937, we use the following formula:

CPI in 1937 - CPI in 1936CPI in 1936
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

7.666666667 - 7.47.4
×
100
=
4%

## 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: “Inflation Rate in 1937 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Jun. 2022, https://www.officialdata.org/CAD-inflation-rate-in-1937.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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