According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.13% per year. Prices in 2001 are 1181.6% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,281.58 in 2001, a difference of CA$1,181.58 over 63 years.
The inflation rate in 2001 was 0.72%.
|Cumulative price change||1181.58%|
|Average inflation rate||4.13%|
|Price difference (CA$100 base)||CA$1,181.58|
|CPI in 1938||7.6|
|CPI in 2001||97.4|
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 2001 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1938-CAD-in-2001.