According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.98% per year. Prices in 2007 are 1265.9% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,365.85 in 2007, a difference of CA$1,265.85 over 67 years.
The inflation rate in 2007 was 2.38%.
|Cumulative price change||1265.85%|
|Average inflation rate||3.98%|
|Price difference (CA$100 base)||CA$1,265.85|
|CPI in 1940||8.2|
|CPI in 2007||112|
You may use the following MLA citation for this page: “1940 dollars in 2007 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2018, https://www.officialdata.org/1940-CAD-in-2007.