According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.10% per year. Prices in 2003 are 1158.5% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,258.54 in 2003, a difference of CA$1,158.54 over 63 years.
The inflation rate in 2003 was 2.08%.
|Cumulative price change||1158.54%|
|Average inflation rate||4.10%|
|Price difference (CA$100 base)||CA$1,158.54|
|CPI in 1940||8.2|
|CPI in 2003||103.2|
You may use the following MLA citation for this page: “1940 dollars in 2003 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 May. 2018, https://www.officialdata.org/1940-CAD-in-2003.