Canadian inflation rate in 1951: 10.85%

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Inflation in 1951 and Its Effect on Dollar Value

Purchasing power decreased by 10.85% in 1951 compared to the previous year, 1950. On average, you would have to spend 10.85% more money in 1951 than in 1950 for the same item.

In other words, CA$100 in 1950 is equivalent in purchasing power to CA$110.85 in 1951.

The 1950 inflation rate was 5.74%. The inflation rate in 1951 was 10.85%. The 1951 inflation rate is higher compared to the average inflation rate of 3.39% per year between 1951 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1951 was 14.3. It was 12.9 in the previous year, 1950. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

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Inflation from 1950 to 1951
Average inflation rate 10.85%
Converted amount (CA$100 base) CA$110.85
Price difference (CA$100 base) CA$10.85
CPI in 1950 12.9
CPI in 1951 14.3
Inflation in 1950 5.74%
Inflation in 1951 10.85%


CAD inflation chart from 1914 to 2017


How to Calculate Inflation Rate for CA$100, 1950 to 1951

This inflation calculator uses the following inflation rate formula:

CPI in 1951CPI in 1950
×
1950 CAD value
=
1951 CAD value

Then plug in historical CPI values. The Canadian CPI was 12.9 in the year 1950 and 14.3 in 1951:

14.312.9
×
CA$100
=
CA$110.85

CA$100 in 1950 has the same "purchasing power" or "buying power" as CA$110.85 in 1951.

To get the total inflation rate for the 1 years between 1950 and 1951, we use the following formula:

CPI in 1951 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

14.3 - 12.912.9
×
100
=
11%

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.

Data Source & Citation

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: ā€œInflation Rate in 1951 | Canada Inflation Calculator.ā€ U.S. Official Inflation Data, Alioth Finance, 24 Sep. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1951.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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