Canadian inflation rate in 1949: 0.83%

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Canadian Inflation Rate, 1949-2018 (CA$1)

The consumer price index (CPI) in 1949 was 12.2. 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 3.50% per year. Prices in 2018 are 973.0% higher than prices in 1949.

In other words, CA$1 in the year 1949 is equivalent in purchasing power to CA$10.73 in 2018, a difference of CA$9.73 over 69 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 1949 to 2018
Cumulative price change 972.95%
Average inflation rate 3.50%
Price difference (CA$1 base) CA$9.73
CPI in 1949 12.2
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1949

Start with the inflation rate formula:

CPI in 2018 / CPI in 1949 * 1949 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 12.2 in the year 1949 and 130.9 in 2018:

130.9 / 12.2 * CA$1 = CA$10.73

CA$1 in 1949 has the same "purchasing power" as CA$10.73 in 2018.


News headlines from 1949

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

  • David Ben-Gurion's Mapai party wins the first Israeli election.
  • The Federal Republic of Germany, or West Germany, is created by the combination of the American, British, and French occupation zones.
  • The Soviet Union ends the blockade of Berlin.
  • The People's Republic of China is proclaimed by Chinese Communist leaders.

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 1949 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1949.


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