According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.54% per year. Prices in 1993 are 950.0% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,050 in 1993, a difference of CA$950.00 over 53 years.
The inflation rate in 1993 was 1.65%.
|Cumulative price change||950.00%|
|Average inflation rate||4.54%|
|Price difference (CA$100 base)||CA$950.00|
|CPI in 1940||8.2|
|CPI in 1993||86.1|
You may use the following MLA citation for this page: “1940 dollars in 1993 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1940-CAD-in-1993.