Canadian inflation rate in 1944: -2.17%

Canada Inflation Calculator


Canadian Inflation Rate, 1944-2017 (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, the dollar experienced an average inflation rate of 3.73% per year. Prices in 2017 are 1348.9% higher than prices in 1944.

In other words, CA$1 in the year 1944 is equivalent to CA$14.49 in 2017, a difference of CA$13.49 over 73 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 1944 to 2017
Cumulative price change 1348.89%
Average inflation rate 3.73%
Price difference (CA$1 base) CA$13.49
CPI in 1944 9
CPI in 2017 130.4

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 2017 / CPI in 1944 * 1944 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 9 in the year 1944 and 130.4 in 2017:

130.4 / 9 * CA$1 = CA$14.49

CA$1 in 1944 has the same "purchasing power" as CA$14.49 in 2017.

News headlines from 1944

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

  • 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.
  • The Nazis crush the Warsaw Uprising killing 250,000 people.

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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