According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.65% per year. Prices in 1984 are 707.9% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$807.89 in 1984, a difference of CA$707.89 over 46 years.
The inflation rate in 1984 was 3.72%.
|Cumulative price change||707.89%|
|Average inflation rate||4.65%|
|Price difference (CA$100 base)||CA$707.89|
|CPI in 1938||7.6|
|CPI in 1984||61.4|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “1938 dollars in 1984 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1938-CAD-in-1984.