Canadian inflation rate in 1945: 2.22%

Canada Inflation Calculator


Canadian Inflation Rate, 1945-2018 (CA$1)

The consumer price index (CPI) in 1945 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 3.70% per year. Prices in 2018 are 1322.8% higher than prices in 1945.

In other words, CA$1 in the year 1945 is equivalent in purchasing power to CA$14.23 in 2018, a difference of CA$13.23 over 73 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 1945 to 2018
Cumulative price change 1322.83%
Average inflation rate 3.70%
Price difference (CA$1 base) CA$13.23
CPI in 1945 9.2
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1945

Start with the inflation rate formula:

CPI in 2018 / CPI in 1945 * 1945 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1945 and 130.9 in 2018:

130.9 / 9.2 * CA$1 = CA$14.23

CA$1 in 1945 has the same "purchasing power" as CA$14.23 in 2018.

News headlines from 1945

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

  • The USSR captures Budapest from Germany in a battle that kills 159,000 people.
  • The US Fleet captures Iwo Jima.
  • 1,500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
  • Iwo Jima is occupied by America, costing 6,000 American lives and a further 18,000 Japanese lives.
  • Buchenwald, the first Nazi concentration camp, is liberated.

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 1945 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 20 Apr. 2018,

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