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