According to Statistics Canada consumer price index, prices in 1951 are 10.85% higher than average prices throughout 1950. The dollar experienced an average inflation rate of 10.85% per year during this period, meaning the real value of a dollar decreased.
In other words, CA$1 in 1950 is equivalent in purchasing power to about CA$1.11 in 1951.
The 1950 inflation rate was 5.74%. The inflation rate in 1951 was 10.85%. The 1951 inflation rate is higher compared to the average inflation rate of 3.34% per year between 1951 and 2019.
|Average inflation rate||10.85%|
|Converted amount (CA$1 base)||CA$1.11|
|Price difference (CA$1 base)||CA$0.11|
|CPI in 1950||12.900|
|CPI in 1951||14.300|
|Inflation in 1950||5.74%|
|Inflation in 1951||10.85%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 12.9 in the year 1950 and 14.3 in 1951:
CA$1 in 1950 has the same "purchasing power" or "buying power" as CA$1.11 in 1951.
To get the total inflation rate for the 1 years between 1950 and 1951, we use the following formula:
Plugging in the values to this equation, we get:
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: “CA$1 in 1950 → 1951 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Jul. 2019, https://www.officialdata.org/1950-CAD-in-1951?amount=1.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.