According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.62% per year. Prices in 1987 are 815.8% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$915.79 in 1987, a difference of CA$815.79 over 49 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||815.79%|
|Average inflation rate||4.62%|
|Price difference (CA$100 base)||CA$815.79|
|CPI in 1938||7.6|
|CPI in 1987||69.6|
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 1987 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1938-CAD-in-1987.