Purchasing power decreased by 0.00% in 1954 compared to 1953. On average, you would have to spend 0.00% more money in 1954 than in 1953 for the same item.
In other words, CA$1 in 1953 is equivalent in purchasing power to about CA$1 in 1954.
The 1953 inflation rate was 0.00%. The inflation rate in 1954 was 0.00%. The 1954 inflation rate is lower compared to the average inflation rate of 3.52% per year between 1954 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1954 was 14.10. It was 14.10 in the previous year, 1953. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||0.00%|
|Converted amount (CA$1 base)||CA$1|
|Price difference (CA$1 base)||CA$0.00|
|CPI in 1953||14.100|
|CPI in 1954||14.100|
|Inflation in 1953||0.00%|
|Inflation in 1954||0.00%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 14.1 in the year 1953 and 14.1 in 1954:
CA$1 in 1953 has the same "purchasing power" or "buying power" as CA$1 in 1954.
To get the total inflation rate for the 1 years between 1953 and 1954, 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 1954 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Apr. 2019, https://www.officialdata.org/CAD-inflation-rate-in-1954.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.