According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 4.21% per year. Prices in 1998 are 949.4% higher than prices in 1941.
In other words, CA$100 in 1941 is equivalent in purchasing power to CA$1,049.43 in 1998, a difference of CA$949.43 over 57 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||949.43%|
|Average inflation rate||4.21%|
|Converted amount (CA$100 base)||CA$1,049.43|
|Price difference (CA$100 base)||CA$949.43|
|CPI in 1941||8.7|
|CPI in 1998||91.3|
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 1998 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1941-CAD-in-1998.