Canadian inflation rate in 1947: 14.43%

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Canadian Inflation Rate, 1947-2017 (CA$1)

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.

Inflation from 1947 to 2017
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


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1947

Start with the inflation rate formula:

CPI in 2017 / CPI in 1947 * 1947 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 11.1 in the year 1947 and 130.4 in 2017:

130.4 / 11.1 * CA$1 = CA$11.75

CA$1 in 1947 has the same "purchasing power" as CA$11.75 in 2017.


News headlines from 1947

Politics and news often influence economic performance. Here's what was happening at the time:

  • Civil disorder in Taiwan is put down resulting in the loss of 30,000 civilian lives.
  • The new Japanese constitution comes into effect.
  • The alleged Roswell UFO incident happens.

Inflation Data Source

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 1947 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 11 Dec. 2017, http://www.in2013dollars.com/CAD-inflation-rate-in-1947.


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