According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.09% per year. Prices in 2003 are 1257.9% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,357.89 in 2003, a difference of CA$1,257.89 over 65 years.
The inflation rate in 2003 was 2.08%.
|Cumulative price change||1257.89%|
|Average inflation rate||4.09%|
|Price difference (CA$100 base)||CA$1,257.89|
|CPI in 1938||7.6|
|CPI in 2003||103.2|
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 2003 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 May. 2018, https://www.officialdata.org/1938-CAD-in-2003.