The consumer price index (CPI) in 1947 was 11.1. 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 3.58% per year. Prices in 2017 are 1074.8% higher than prices in 1947.
In other words, CA$1 in the year 1947 is equivalent to CA$11.75 in 2017, a difference of CA$10.75 over 70 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.
|Cumulative price change||1074.77%|
|Average inflation rate||3.58%|
|Price difference (CA$1 base)||CA$10.75|
|CPI in 1947||11.1|
|CPI in 2017||130.4|
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 1947 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 11 Dec. 2017, http://www.in2013dollars.com/CAD-inflation-rate-in-1947.