Purchasing power decreased by 5.43% in 1946 compared to the previous year, 1945. On average, you would have to spend 5.43% more money in 1946 than in 1945 for the same item.
In other words, CA$1 in 1945 is equivalent in purchasing power to CA$1.05 in 1946.
The 1945 inflation rate was 2.22%. The inflation rate in 1946 was 5.43%. The 1946 inflation rate is higher compared to the average inflation rate of 3.66% per year between 1946 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1946 was 9.7. It was 9.2 in the previous year, 1945. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||5.43%|
|Converted amount (CA$1 base)||CA$1.05|
|Price difference (CA$1 base)||CA$0.05|
|CPI in 1945||9.200|
|CPI in 1946||9.700|
|Inflation in 1945||2.22%|
|Inflation in 1946||5.43%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1945 and 9.7 in 1946:
CA$1 in 1945 has the same "purchasing power" or "buying power" as CA$1.05 in 1946.
To get the total inflation rate for the 1 years between 1945 and 1946, 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 1946 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jan. 2019, https://www.officialdata.org/CAD-inflation-rate-in-1946.
in2013dollars.com is a reference website maintained by the Official Data Foundation.