Canadian inflation rate in 1942: 3.45%

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Canadian Inflation Rate, 1942-2017 (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, the dollar experienced an average inflation rate of 3.63% per year. Prices in 2017 are 1348.9% higher than prices in 1942.

In other words, CA$1 in the year 1942 is equivalent to CA$14.49 in 2017, a difference of CA$13.49 over 75 years.

The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.

Inflation from 1942 to 2017
Cumulative price change 1348.89%
Average inflation rate 3.63%
Price difference (CA$1 base) CA$13.49
CPI in 1942 9
CPI in 2017 130.4


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 2017 / CPI in 1942 * 1942 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 9 in the year 1942 and 130.4 in 2017:

130.4 / 9 * CA$1 = CA$14.49

CA$1 in 1942 has the same "purchasing power" as CA$14.49 in 2017.


News headlines from 1942

Politics and news often play an important role in economic performance.

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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