Canadian inflation rate in 1943: 2.22%

Canada Inflation Calculator


Inflation in 1943 and Its Effect on Dollar Value

Purchasing power decreased by 2.22% in 1943 compared to 1942. On average, you would have to spend 2.22% more money in 1943 than in 1942 for the same item.

In other words, CA$1 in 1942 is equivalent in purchasing power to about CA$1.02 in 1943.

The 1942 inflation rate was 3.45%. The inflation rate in 1943 was 2.22%. The 1943 inflation rate is lower compared to the average inflation rate of 3.58% per year between 1943 and 2019.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1943 was 9.20. It was 9.00 in the previous year, 1942. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

Inflation from 1942 to 1943
Average inflation rate 2.22%
Converted amount (CA$1 base) CA$1.02
Price difference (CA$1 base) CA$0.02
CPI in 1942 9.000
CPI in 1943 9.200
Inflation in 1942 3.45%
Inflation in 1943 2.22%

CAD inflation chart from 1914 to 2017

How to Calculate Inflation Rate for CA$1, 1942 to 1943

This inflation calculator uses the following inflation rate formula:

CPI in 1943CPI in 1942
1942 CAD value
1943 CAD value

Then plug in historical CPI values. The Canadian CPI was 9 in the year 1942 and 9.2 in 1943:


CA$1 in 1942 has the same "purchasing power" or "buying power" as CA$1.02 in 1943.

To get the total inflation rate for the 1 years between 1942 and 1943, we use the following formula:

CPI in 1943 - CPI in 1942CPI in 1942
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.2 - 99

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.

Data Source & Citation

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 1943 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2019,

Special thanks to QuickChart for providing downloadable chart images. is a reference website maintained by the Official Data Foundation.

» Read more about inflation and investment.