Purchasing power increased by 1.40% in 1952 compared to the previous year, 1951. On average, you would have to spend 1.40% less money in 1952 than in 1951 for the same item. This is an example of deflation.
In other words, CA$1 in 1951 is equivalent in purchasing power to CA$0.99 in 1952.
The 1951 inflation rate was 10.85%. The inflation rate in 1952 was -1.40%. The 1952 inflation rate is lower compared to the average inflation rate of 3.41% per year between 1952 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1952 was 14.1. It was 14.3 in the previous year, 1951. The difference in CPI between the years is used by Statistics Canada to officially determine inflation. Because the 1952 CPI is less than 1951 CPI, negative inflation (also known as deflation) has occurred.
|Average inflation rate||-1.40%|
|Converted amount (CA$1 base)||CA$0.99|
|Price difference (CA$1 base)||CA$-0.01|
|CPI in 1951||14.300|
|CPI in 1952||14.100|
|Inflation in 1951||10.85%|
|Inflation in 1952||-1.40%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 14.3 in the year 1951 and 14.1 in 1952:
CA$1 in 1951 has the same "purchasing power" or "buying power" as CA$0.99 in 1952.
To get the total inflation rate for the 1 years between 1951 and 1952, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “Inflation Rate in 1952 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Feb. 2019, https://www.officialdata.org/CAD-inflation-rate-in-1952.
in2013dollars.com is a reference website maintained by the Official Data Foundation.