$1 in 1940 → $1.10 in 1944

Canada Inflation Calculator

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$1 in 1940 → $1.10 in 1944

Canadian Inflation Rate, $1 in 1940 to 1944

According to Statistics Canada consumer price index, prices in 1944 are 9.76% higher than average prices throughout 1940. The dollar experienced an average inflation rate of 2.35% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1940 is equivalent in purchasing power to about $1.10 in 1944, a difference of $0.10 over 4 years.

The 1940 inflation rate was 5.13%. The inflation rate in 1944 was -2.17%. The 1944 inflation rate is lower compared to the average inflation rate of 3.66% per year between 1944 and 2019.


Inflation from 1940 to 1944
Cumulative price change 9.76%
Average inflation rate 2.35%
Converted amount ($1 base) $1.10
Price difference ($1 base) $0.10
CPI in 1940 8.200
CPI in 1944 9.000
Inflation in 1940 5.13%
Inflation in 1944 -2.17%

CAD inflation chart from 1914 to 2017


Buying power of $1 in 1940

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1940 (price index tracking began in 1914).

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1940 $1.00 5.13%
1941 $1.06 6.10%
1942 $1.10 3.45%
1943 $1.12 2.22%
1944 $1.10 -2.17%
1945 $1.12 2.22%
1946 $1.18 5.43%
1947 $1.35 14.43%
1948 $1.48 9.01%
1949 $1.49 0.83%
1950 $1.57 5.74%
1951 $1.74 10.85%
1952 $1.72 -1.40%
1953 $1.72 0.00%
1954 $1.72 0.00%
1955 $1.73 0.71%
1956 $1.78 2.82%
1957 $1.82 2.05%
1958 $1.87 2.68%
1959 $1.89 1.31%
1960 $1.91 1.29%
1961 $1.91 0.00%
1962 $1.95 1.91%
1963 $1.99 1.88%
1964 $2.02 1.84%
1965 $2.09 3.01%
1966 $2.16 3.51%
1967 $2.24 3.95%
1968 $2.34 4.35%
1969 $2.45 4.69%
1970 $2.48 1.00%
1971 $2.60 4.93%
1972 $2.73 5.16%
1973 $2.99 9.38%
1974 $3.37 12.65%
1975 $3.68 9.42%
1976 $3.89 5.63%
1977 $4.26 9.40%
1978 $4.62 8.60%
1979 $5.07 9.76%
1980 $5.63 11.06%
1981 $6.32 12.12%
1982 $6.90 9.27%
1983 $7.22 4.59%
1984 $7.49 3.72%
1985 $7.82 4.40%
1986 $8.15 4.21%
1987 $8.49 4.19%
1988 $8.82 3.88%
1989 $9.28 5.26%
1990 $9.74 4.99%
1991 $10.11 3.75%
1992 $10.33 2.17%
1993 $10.50 1.65%
1994 $10.52 0.23%
1995 $10.71 1.74%
1996 $10.94 2.16%
1997 $11.02 0.78%
1998 $11.13 1.00%
1999 $11.43 2.63%
2000 $11.79 3.20%
2001 $11.88 0.72%
2002 $12.33 3.80%
2003 $12.59 2.08%
2004 $12.85 2.13%
2005 $13.12 2.09%
2006 $13.34 1.67%
2007 $13.66 2.38%
2008 $13.82 1.16%
2009 $14.00 1.32%
2010 $14.33 2.35%
2011 $14.66 2.30%
2012 $14.78 0.83%
2013 $14.96 1.24%
2014 $15.18 1.47%
2015 $15.43 1.61%
2016 $15.66 1.50%
2017 $15.90 1.56%
2018 $15.95 0.31%
2019 $16.27 1.99%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for $1, 1940 to 1944

This inflation calculator uses the following inflation rate formula:

CPI in 1944CPI in 1940
×
1940 CAD value
=
1944 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.2 in the year 1940 and 9 in 1944:

98.2
×
$1
=
$1.10

$1 in 1940 has the same "purchasing power" or "buying power" as $1.10 in 1944.

To get the total inflation rate for the 4 years between 1940 and 1944, we use the following formula:

CPI in 1944 - CPI in 1940CPI in 1940
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

9 - 8.28.2
×
100
=
10%

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: “$1 in 1940 → 1944 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 6 Dec. 2019, https://www.officialdata.org/1940-CAD-in-1944?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

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


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1940 to 1944
Cumulative price change 9.76%
Average inflation rate 2.35%
Converted amount ($1 base) $1.10
Price difference ($1 base) $0.10
CPI in 1940 8.200
CPI in 1944 9.000
Inflation in 1940 5.13%
Inflation in 1944 -2.17%
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