According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.70% per year. Prices in 1983 are 622.0% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$721.95 in 1983, a difference of CA$621.95 over 43 years.
The inflation rate in 1983 was 4.59%.
|Cumulative price change||621.95%|
|Average inflation rate||4.70%|
|Price difference (CA$100 base)||CA$621.95|
|CPI in 1940||8.2|
|CPI in 1983||59.2|
You may use the following MLA citation for this page: “1940 dollars in 1983 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1940-CAD-in-1983.