Canadian inflation rate in 1950: 5.74%

Canada Inflation Calculator


Canadian Inflation Rate, 1950-2017 (CA$1)

The consumer price index (CPI) in 1950 was 12.9. 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 910.9% higher than prices in 1950.

In other words, CA$1 in the year 1950 is equivalent to CA$10.11 in 2017, a difference of CA$9.11 over 67 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 1950 to 2017
Cumulative price change 910.85%
Average inflation rate 3.51%
Price difference (CA$1 base) CA$9.11
CPI in 1950 12.9
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1950

Start with the inflation rate formula:

CPI in 2017 / CPI in 1950 * 1950 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 12.9 in the year 1950 and 130.4 in 2017:

130.4 / 12.9 * CA$1 = CA$10.11

CA$1 in 1950 has the same "purchasing power" as CA$10.11 in 2017.

News headlines from 1950

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

  • Jerusalem is proclaimed the capital of Israel by Knesset
  • North Korea, invades South Korea, the cause of many further Korean conflicts.
  • Harry Truman, announces that America will seek to develop a hydrogen bomb.
  • Chinese forces occupy Tibet.

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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