Canadian inflation rate in 1946: 5.43%

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Canadian Inflation Rate, 1946-2017 (CA$1)

The consumer price index (CPI) in 1946 was 9.7. 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 1244.3% higher than prices in 1946.

In other words, CA$1 in the year 1946 is equivalent to CA$13.44 in 2017, a difference of CA$12.44 over 71 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 1946 to 2017
Cumulative price change 1244.33%
Average inflation rate 3.73%
Price difference (CA$1 base) CA$12.44
CPI in 1946 9.7
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1946

Start with the inflation rate formula:

CPI in 2017 / CPI in 1946 * 1946 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.7 in the year 1946 and 130.4 in 2017:

130.4 / 9.7 * CA$1 = CA$13.44

CA$1 in 1946 has the same "purchasing power" as CA$13.44 in 2017.


News headlines from 1946

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

  • The United Nations General Assembly meets for the first time in London.
  • President Harry Truman sets up the Central Intelligence Agency or CIA.
  • The US State Department releases the Acheson-Lilenthal Report outlining a plan for how the US can limit nuclear power internationally, marking the beginning of Cold War.
  • Twenty-two Nazi leaders found guilty of war crimes, during the Nuremburg trials.

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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