Canadian inflation rate in 1946: 5.43%

Canada Inflation Calculator


Inflation in 1946 and Its Effect on Dollar Value

Purchasing power decreased by 5.43% in 1946 compared to 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 about 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 9.70. It was 9.20 in the previous year, 1945. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

Inflation from 1945 to 1946
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%

CAD inflation chart from 1914 to 2017

How to Calculate Inflation Rate for CA$1, 1945 to 1946

This inflation calculator uses the following inflation rate formula:

CPI in 1946CPI in 1945
1945 CAD value
1946 CAD value

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:

CPI in 1946 - CPI in 1945CPI in 1945
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.7 - 9.29.2

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.

Data Source & Citation

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 1946 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2019,

Special thanks to QuickChart for providing downloadable chart images. is a reference website maintained by the Official Data Foundation.

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