According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.69% per year. Prices in 2016 are 1465.9% higher than prices in 1940.
In other words, CA$100 in the year 1940 is equivalent in purchasing power to CA$1,565.85 in 2016, a difference of CA$1,465.85 over 76 years.
The inflation rate in 2016 was 1.50%.
|Cumulative price change||1465.85%|
|Average inflation rate||3.69%|
|Price difference (CA$100 base)||CA$1,465.85|
|CPI in 1940||8.2|
|CPI in 2016||128.4|
You may use the following MLA citation for this page: “1940 dollars in 2016 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1940-CAD-in-2016.