According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.24% per year. Prices in 1998 are 1013.4% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,113.41 in 1998, a difference of CA$1,013.41 over 58 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||1013.41%|
|Average inflation rate||4.24%|
|Price difference (CA$100 base)||CA$1,013.41|
|CPI in 1940||8.2|
|CPI in 1998||91.3|
You may use the following MLA citation for this page: “1940 dollars in 1998 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1940-CAD-in-1998.