According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.29% per year. Prices in 1997 are 1089.5% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,189.47 in 1997, a difference of CA$1,089.47 over 59 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||1089.47%|
|Average inflation rate||4.29%|
|Price difference (CA$100 base)||CA$1,089.47|
|CPI in 1938||7.6|
|CPI in 1997||90.4|
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 1997 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1938-CAD-in-1997.