Canadian inflation rate in 1942: 3.45%

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Canadian Inflation Rate, 1942-2018 (CA$1)

The consumer price index (CPI) in 1942 was 9. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.59% per year. Prices in 2018 are 1354.4% higher than prices in 1942.

In other words, CA$1 in the year 1942 is equivalent in purchasing power to CA$14.54 in 2018, a difference of CA$13.54 over 76 years.

The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.

Inflation from 1942 to 2018
Cumulative price change 1354.44%
Average inflation rate 3.59%
Price difference (CA$1 base) CA$13.54
CPI in 1942 9
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1942

Start with the inflation rate formula:

CPI in 2018 / CPI in 1942 * 1942 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 9 in the year 1942 and 130.9 in 2018:

130.9 / 9 * CA$1 = CA$14.54

CA$1 in 1942 has the same "purchasing power" as CA$14.54 in 2018.


News headlines from 1942

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

  • The 28 nations at war with Axis powers pledge not to make separate peace deals with them.
  • Wannsee conference takes place in Berlin:,Nazi officials organize the extermination of the European Jews', which is now known as the "final solution".
  • Anne Frank gets a diary for her birthday.

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: “Inflation Rate in 1942 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1942.


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