According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.36% per year. Prices in 1996 are 993.9% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,093.90 in 1996, a difference of CA$993.90 over 56 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||993.90%|
|Average inflation rate||4.36%|
|Price difference (CA$100 base)||CA$993.90|
|CPI in 1940||8.2|
|CPI in 1996||89.7|
You may use the following MLA citation for this page: “1940 dollars in 1996 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2018, https://www.officialdata.org/1940-CAD-in-1996.