Canadian inflation rate in 1948: 9.01%

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Canadian Inflation Rate, 1948-2017 (CA$1)

The consumer price index (CPI) in 1948 was 12.1. 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 3.51% per year. Prices in 2017 are 977.7% higher than prices in 1948.

In other words, CA$1 in the year 1948 is equivalent to CA$10.78 in 2017, a difference of CA$9.78 over 69 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 1948 to 2017
Cumulative price change 977.69%
Average inflation rate 3.51%
Price difference (CA$1 base) CA$9.78
CPI in 1948 12.1
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1948

Start with the inflation rate formula:

CPI in 2017 / CPI in 1948 * 1948 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 12.1 in the year 1948 and 130.4 in 2017:

130.4 / 12.1 * CA$1 = CA$10.78

CA$1 in 1948 has the same "purchasing power" as CA$10.78 in 2017.


News headlines from 1948

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

  • Mahatma Gandhi is assassinated by Nathuram Godse.
  • Israel declares independence from British administration.
  • The International Declaration of Human Rights is adopted by United Nations Commission on Human Rights.
  • Moscow celebrates 500 years of the Russian Orthodox Church.
  • Physicists Alpher, Bethe and Gamow propose the Big Bang theory in the ‘Physical Review’

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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