Canadian inflation rate in 1943: 2.22%

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Canadian Inflation Rate, 1943-2018 (CA$1)

The consumer price index (CPI) in 1943 was 9.2. 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 3.60% per year. Prices in 2018 are 1322.8% higher than prices in 1943.

In other words, CA$1 in the year 1943 is equivalent in purchasing power to CA$14.23 in 2018, a difference of CA$13.23 over 75 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 1943 to 2018
Cumulative price change 1322.83%
Average inflation rate 3.60%
Price difference (CA$1 base) CA$13.23
CPI in 1943 9.2
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1943

Start with the inflation rate formula:

CPI in 2018 / CPI in 1943 * 1943 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1943 and 130.9 in 2018:

130.9 / 9.2 * CA$1 = CA$14.23

CA$1 in 1943 has the same "purchasing power" as CA$14.23 in 2018.


News headlines from 1943

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

  • German general Friedrich von Paul surrenders to the Russians in Stalingrad.
  • The Japanese evacuate Guadalcanal, leading to one of the great WWII battles on the Solomon Islands
  • The Krakow Ghetto is liquidated by the Nazis.
  • The RAF bomb the Möhne and Eder dams in the Ruhr valley, in an operation known as Chastise.
  • Himmler orders the extermination of all the Nazi ghettos in Poland.

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 1943 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1943.


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