# CA\$100 in 1941 → CA\$1,031.03 in 1996

## Canada Inflation Calculator

CA\$

### Canadian Inflation Rate, CA\$100 in 1941 to 1996

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.33% per year. Prices in 1996 are 931.0% higher than prices in 1941.

In other words, CA\$100 in 1941 is equivalent in purchasing power to CA\$1,031.03 in 1996, a difference of CA\$931.03 over 55 years.

The inflation rate in 1996 was 2.16%.

 Cumulative price change 931.03% Average inflation rate 4.33% Converted amount (CA\$100 base) CA\$1,031.03 Price difference (CA\$100 base) CA\$931.03 CPI in 1941 8.7 CPI in 1996 89.7

### How to calculate the inflation rate for CA\$100, 1941 to 1996

This inflation calculator uses the following inflation rate formula:

CPI in 1996 / CPI in 1941 * 1941 CAD value = 1996 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.7 in the year 1941 and 89.7 in 1996:

89.7 / 8.7 * CA\$100 = CA\$1,031.03

CA\$100 in 1941 has the same "purchasing power" or "buying power" as CA\$1,031.03 in 1996.

### News headlines from 1941

Politics and news often influence economic performance. Here's what was happening at the time:

• 6,000 Jews are exterminated in the Bucharest pogrom in Romania.
• Kuomintang troops open fire at communist forces, leading to the resumption of the Chinese civil war.
• The British battle cruiser the HMS Hood is sunk by the German Battleship Bismarck, leading to 1,416 dead and only 3 survivors.
• Germany, Italy, and Romania declare war on the Soviet Union.

### Inflation Data Source

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: “1941 dollars in 1996 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1941-CAD-in-1996.