Canadian inflation rate in 1948: 9.01%

Canada Inflation Calculator


Canadian Inflation Rate, 1948-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.46% per year. Prices in 2018 are 981.8% higher than prices in 1948.

In other words, CA$1 in the year 1948 is equivalent in purchasing power to CA$10.82 in 2018, a difference of CA$9.82 over 70 years.

The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.

Inflation from 1948 to 2018
Cumulative price change 981.82%
Average inflation rate 3.46%
Price difference (CA$1 base) CA$9.82
CPI in 1948 12.1
CPI in 2018 130.9

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 2018 / CPI in 1948 * 1948 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 12.1 in the year 1948 and 130.9 in 2018:

130.9 / 12.1 * CA$1 = CA$10.82

CA$1 in 1948 has the same "purchasing power" as CA$10.82 in 2018.

News headlines from 1948

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

  • 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

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 1948 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018,

» Read more about inflation.