According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.35% per year. Prices in 1996 are 1080.3% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,180.26 in 1996, a difference of CA$1,080.26 over 58 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||1080.26%|
|Average inflation rate||4.35%|
|Price difference (CA$100 base)||CA$1,080.26|
|CPI in 1938||7.6|
|CPI in 1996||89.7|
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 1996 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1938-CAD-in-1996.