Canadian inflation rate in 1949: 0.83%

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Canadian Inflation Rate, 1949-2017 (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, the dollar experienced an average inflation rate of 3.55% per year. Prices in 2017 are 968.9% higher than prices in 1949.

In other words, CA$1 in the year 1949 is equivalent to CA$10.69 in 2017, a difference of CA$9.69 over 68 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 1949 to 2017
Cumulative price change 968.85%
Average inflation rate 3.55%
Price difference (CA$1 base) CA$9.69
CPI in 1949 12.2
CPI in 2017 130.4


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 2017 / CPI in 1949 * 1949 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 12.2 in the year 1949 and 130.4 in 2017:

130.4 / 12.2 * CA$1 = CA$10.69

CA$1 in 1949 has the same "purchasing power" as CA$10.69 in 2017.


News headlines from 1949

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

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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