Canadian inflation rate in 1944: -2.17%

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Canadian Inflation Rate, 1944-2018 (CA$1)

The consumer price index (CPI) in 1944 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 3.68% per year. Prices in 2018 are 1354.4% higher than prices in 1944.

In other words, CA$1 in the year 1944 is equivalent in purchasing power to CA$14.54 in 2018, a difference of CA$13.54 over 74 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 1944 to 2018
Cumulative price change 1354.44%
Average inflation rate 3.68%
Price difference (CA$1 base) CA$13.54
CPI in 1944 9
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1944

Start with the inflation rate formula:

CPI in 2018 / CPI in 1944 * 1944 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 9 in the year 1944 and 130.9 in 2018:

130.9 / 9 * CA$1 = CA$14.54

CA$1 in 1944 has the same "purchasing power" as CA$14.54 in 2018.


News headlines from 1944

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

  • Leningrad is liberated after 880 days of German rule: 600,000 men lose their lives during the occupation.
  • The first of more than 180,000 Jews arrive at Auschwitz.
  • Paris is liberated from Nazi occupation in an event known as Freedom Tuesday.
  • Nazis crush the Warsaw Uprising, killing 250,000 people.

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 1944 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1944.


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