According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.66% per year. Prices in 1987 are 748.8% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$848.78 in 1987, a difference of CA$748.78 over 47 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||748.78%|
|Average inflation rate||4.66%|
|Price difference (CA$100 base)||CA$748.78|
|CPI in 1940||8.2|
|CPI in 1987||69.6|
You may use the following MLA citation for this page: “1940 dollars in 1987 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1940-CAD-in-1987.