Purchasing power decreased by 2.22% in 1945 compared to the previous year, 1944. On average, you would have to spend 2.22% more money in 1945 than in 1944 for the same item.
In other words, CA$1 in 1944 is equivalent in purchasing power to CA$1.02 in 1945.
The 1944 inflation rate was -2.17%. The inflation rate in 1945 was 2.22%. The 1945 inflation rate is lower compared to the average inflation rate of 3.73% per year between 1945 and 2018.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1945 was 9.2. It was 9 in the previous year, 1944. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||2.22%|
|Converted amount (CA$1 base)||CA$1.02|
|Price difference (CA$1 base)||CA$0.02|
|CPI in 1944||9.000|
|CPI in 1945||9.200|
|Inflation in 1944||-2.17%|
|Inflation in 1945||2.22%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 9 in the year 1944 and 9.2 in 1945:
CA$1 in 1944 has the same "purchasing power" or "buying power" as CA$1.02 in 1945.
To get the total inflation rate for the 1 years between 1944 and 1945, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “Inflation Rate in 1945 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 13 Dec. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1945.
in2013dollars.com is a reference website maintained by the Official Data Foundation.