According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.62% per year. Prices in 2018 are 1622.4% higher than prices in 1938.
In other words, CA$100 in the year 1938 is equivalent in purchasing power to CA$1,722.37 in 2018, a difference of CA$1,622.37 over 80 years.
Compared to last year's annual rate, the inflation rate in 2018 is now 0.38%1. If this number holds, CA$100 today would be equivalent to CA$100.38 next year.
|Cumulative price change||1622.37%|
|Average inflation rate||3.62%|
|Price difference (CA$100 base)||CA$1,622.37|
|CPI in 1938||7.6|
|CPI in 2018||130.9|
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 2018 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 May. 2018, https://www.officialdata.org/1938-CAD-in-2018.