According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.94% per year. Prices in 2008 are 1390.8% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,490.79 in 2008, a difference of CA$1,390.79 over 70 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||1390.79%|
|Average inflation rate||3.94%|
|Price difference (CA$100 base)||CA$1,390.79|
|CPI in 1938||7.6|
|CPI in 2008||113.3|
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 2008 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1938-CAD-in-2008.