$1 in 1935 is worth $1.17 in 1941

Value of $1 from 1935 to 1941

$1 in 1935 is equivalent in purchasing power to about $1.17 in 1941, an increase of $0.17 over 6 years. The dollar had an average inflation rate of 2.59% per year between 1935 and 1941, producing a cumulative price increase of 16.55%.

This means that prices in 1941 are 1.17 times higher than average prices since 1935, according to Statistics Canada consumer price index.

The inflation rate in 1935 was 0.46%. The inflation rate in 1941 was 5.96%. The 1941 inflation rate is higher compared to the average inflation rate of 3.63% per year between 1941 and 2022.


Inflation from 1935 to 1941
Cumulative price change16.55%
Average inflation rate2.59%
Converted amount ($1 base)$1.17
Price difference ($1 base)$0.17
CPI in 19357.250
CPI in 19418.450
Inflation in 19350.46%
Inflation in 19415.96%
$1 in 1935$1.17 in 1941

CAD inflation since 1935
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 $1.17 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $1.17 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 is worth less over 6 years.

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

Dollar inflation: 1935-1941
YearDollar ValueInflation Rate
1935$1.000.46%
1936$1.022.07%
1937$1.063.60%
1938$1.060.54%
1939$1.06-0.76%
1940$1.104.25%
1941$1.175.96%
1942$1.224.64%
1943$1.252.17%
1944$1.250.65%
1945$1.260.64%
1946$1.303.10%
1947$1.429.01%
1948$1.6214.26%
1949$1.683.48%
1950$1.722.67%
1951$1.9010.55%
1952$1.952.60%
1953$1.93-1.00%
1954$1.950.65%
1955$1.950.18%
1956$1.981.36%
1957$2.043.32%
1958$2.092.36%
1959$2.111.21%
1960$2.141.36%
1961$2.171.02%
1962$2.191.06%
1963$2.221.63%
1964$2.271.91%
1965$2.322.33%
1966$2.413.82%
1967$2.493.58%
1968$2.604.06%
1969$2.714.56%
1970$2.803.35%
1971$2.882.70%
1972$3.024.99%
1973$3.257.49%
1974$3.6111.00%
1975$3.9910.67%
1976$4.297.54%
1977$4.647.98%
1978$5.058.97%
1979$5.519.14%
1980$6.0710.13%
1981$6.8312.47%
1982$7.5710.77%
1983$8.015.86%
1984$8.364.30%
1985$8.693.96%
1986$9.054.19%
1987$9.444.36%
1988$9.834.03%
1989$10.314.98%
1990$10.814.78%
1991$11.425.63%
1992$11.591.49%
1993$11.801.87%
1994$11.820.17%
1995$12.082.15%
1996$12.271.57%
1997$12.461.62%
1998$12.591.00%
1999$12.811.73%
2000$13.162.72%
2001$13.492.53%
2002$13.792.26%
2003$14.172.76%
2004$14.441.86%
2005$14.762.21%
2006$15.052.00%
2007$15.372.14%
2008$15.742.37%
2009$15.780.30%
2010$16.061.78%
2011$16.532.91%
2012$16.781.52%
2013$16.940.94%
2014$17.261.91%
2015$17.461.13%
2016$17.711.43%
2017$17.991.60%
2018$18.402.27%
2019$18.761.95%
2020$18.890.72%
2021$19.533.40%
2022$20.947.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1935 amounts in 1941 dollars, based on the 16.55% change in prices:

Conversion: 1935 dollars in 1941
Initial valueEquivalent value
$1 dollar in 1935$1.17 dollars in 1941
$5 dollars in 1935$5.83 dollars in 1941
$10 dollars in 1935$11.66 dollars in 1941
$50 dollars in 1935$58.28 dollars in 1941
$100 dollars in 1935$116.55 dollars in 1941
$500 dollars in 1935$582.76 dollars in 1941
$1,000 dollars in 1935$1,165.52 dollars in 1941
$5,000 dollars in 1935$5,827.59 dollars in 1941
$10,000 dollars in 1935$11,655.17 dollars in 1941
$50,000 dollars in 1935$58,275.86 dollars in 1941
$100,000 dollars in 1935$116,551.72 dollars in 1941
$500,000 dollars in 1935$582,758.62 dollars in 1941
$1,000,000 dollars in 1935$1,165,517.24 dollars in 1941

How to calculate inflation rate for $1, 1935 to 1941

Our calculations use the following inflation rate formula to calculate the change in value between 1935 and 1941:

CPI in 1941 CPI in 1935
×
1935 CAD value
=
1941 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.25 in the year 1935 and 8.45 in 1941:

8.457.25
×
$1
=
$1.17

$1 in 1935 has the same "purchasing power" or "buying power" as $1.17 in 1941.

To get the total inflation rate for the 6 years between 1935 and 1941, we use the following formula:

CPI in 1941 - CPI in 1935CPI in 1935
×
100
=
Cumulative inflation rate (6 years)

Plugging in the values to this equation, we get:

8.45 - 7.257.25
×
100
=
17%

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 → 1941 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Sep. 2022, https://www.officialdata.org/canada/inflation/1935?amount=1&endYear=1941.

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.


Ian Webster

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 1941
Cumulative price change16.55%
Average inflation rate2.59%
Converted amount ($1 base)$1.17
Price difference ($1 base)$0.17
CPI in 19357.250
CPI in 19418.450
Inflation in 19350.46%
Inflation in 19415.96%
$1 in 1935$1.17 in 1941