CA\$100 in 1940 → CA\$1,381.71 in 2008

CA\$

Canadian Inflation Rate, CA\$100 in 1940 to 2008

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.94% per year. Prices in 2008 are 1281.7% higher than prices in 1940.

In other words, CA\$100 in 1940 is equivalent in purchasing power to CA\$1,381.71 in 2008, a difference of CA\$1,281.71 over 68 years.

The inflation rate in 2008 was 1.16%.

 Cumulative price change 1281.71% Average inflation rate 3.94% Converted amount (CA\$100 base) CA\$1,381.71 Price difference (CA\$100 base) CA\$1,281.71 CPI in 1940 8.2 CPI in 2008 113.3

How to calculate the inflation rate for CA\$100, 1940 to 2008

This inflation calculator uses the following inflation rate formula:

CPI in 2008 / CPI in 1940 * 1940 CAD value = 2008 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.2 in the year 1940 and 113.3 in 2008:

113.3 / 8.2 * CA\$100 = CA\$1,381.71

CA\$100 in 1940 has the same "purchasing power" or "buying power" as CA\$1,381.71 in 2008.

Data Source & Citation

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “1940 dollars in 2008 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 Jun. 2018, https://www.officialdata.org/1940-CAD-in-2008.