According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.14% per year. Prices in 2001 are 1087.8% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,187.80 in 2001, a difference of CA$1,087.80 over 61 years.
The inflation rate in 2001 was 0.72%.
|Cumulative price change||1087.80%|
|Average inflation rate||4.14%|
|Price difference (CA$100 base)||CA$1,087.80|
|CPI in 1940||8.2|
|CPI in 2001||97.4|
You may use the following MLA citation for this page: “1940 dollars in 2001 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 28 May. 2018, https://www.officialdata.org/1940-CAD-in-2001.