Canada Inflation Calculator
Canadian Inflation Rate, 1950-2018 (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 consumer price index, the dollar experienced an average inflation rate of 3.47% per year. Prices in 2018 are 914.7% higher than prices in 1950.
In other words, CA$1 in the year 1950 is equivalent in purchasing power to CA$10.15 in 2018, a difference of CA$9.15 over 68 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.
| Cumulative price change | 914.73% |
| Average inflation rate | 3.47% |
| Price difference (CA$1 base) | CA$9.15 |
| CPI in 1950 | 12.9 |
| CPI in 2018 | 130.9 |
How to calculate the inflation rate for CA$1 since 1950
Start with the inflation rate formula:CPI in 2018 / CPI in 1950 * 1950 CAD value = 2018 CAD value
Then plug in historical CPI values. The Canadian CPI was 12.9 in the year 1950 and 130.9 in 2018:
130.9 / 12.9 * CA$1 = CA$10.15
CA$1 in 1950 has the same "purchasing power" as CA$10.15 in 2018.
News headlines from 1950
Politics and news often influence economic performance. Here's what was happening at the time:
- Jerusalem is proclaimed the capital of Israel by Knesset
- North Korea invades South Korea.
- Harry Truman announces that America will seek to develop a hydrogen bomb.
- Chinese forces occupy Tibet.
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 1950 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1950.