1940 CPI and Inflation Rate for Canada

This table shows the Monthly All-Items Consumer Price Index (CPI-U) and Annual Inflation Rates for Canada in 1940. You can find upcoming CPI release dates on our schedule page. These numbers are released by Statistics Canada.


MonthCPIMonthly Inflation RateYearly Inflation Rate
January 19407.8 0.0 %2.6
February 19407.8 0.0 %2.6
March 19407.9 1.3 %3.9
April 19407.9 0.0 %3.9
May 19407.9 0.0 %3.9
June 19407.9 0.0 %3.9
July 19408.0 1.3 %5.3
August 19408.0 0.0 %5.3
September 19408.1 1.2 %6.6
October 19408.1 0.0 %3.8
November 19408.1 0.0 %3.8
December 19408.2
1.2 %
Annual CPI: 8.0
Annual Inflation Rate: 3.9%
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What is the relation between CPI and Inflation Rate?

The Consumer Price Index (CPI) is used to measure Inflation rates. The formula is as follows:


CPI2 = Consumer Price Index of the second period
CPI1 = Consumer Price Index of the initial period

Notice an error in these tables?

We do our best to ensure the data is accurate and up to date. However, if one of these numbers seem wrong, please contact us and we will fix it as quickly as possible. Keep in mind that we extract the Consumer Price Index and Inflation Rates on a monthly basis from Statistics Canada’s databases.