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# \$1 in 1945 → \$0.98 in 1944

### Canadian Inflation Rate, \$1 in 1945 to 1944

According to Statistics Canada consumer price index, prices in 1944 are 2.17% lower than average prices throughout 1945. The dollar experienced an average inflation rate of 2.22% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1945 is equivalent in purchasing power to about \$0.98 in 1944.

The 1944 inflation rate was -2.17%. The inflation rate in 1945 was 2.22%. The 1945 inflation rate is lower compared to the average inflation rate of 3.68% per year between 1945 and 2019.

 Average inflation rate 2.22% Converted amount (\$1 base) \$0.98 Price difference (\$1 base) \$-0.02 CPI in 1945 9.200 CPI in 1944 9.000 Inflation in 1944 -2.17% Inflation in 1945 2.22%

### How to Calculate Inflation Rate for \$1, 1944 to 1945

This inflation calculator uses the following inflation rate formula:

CPI in 1944CPI in 1945
×
=

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1945 and 9 in 1944:

99.2
×
\$1
=
\$0.98

\$1 in 1945 has the same "purchasing power" or "buying power" as \$0.98 in 1944.

To get the total inflation rate for the 1 years between 1944 and 1945, we use the following formula:

CPI in 1944 - CPI in 1945CPI in 1945
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9 - 9.29.2
×
100
=
-2%

Politics and news often influence economic performance. Here's what was happening at the time:

• The USSR captures Budapest from Germany in a battle that kills 159,000 people.
• The US Fleet captures Iwo Jima.
• 1,500 US Navy ships bomb Okinawa: the operation is believed to be the largest of World War II
• Iwo Jima is occupied by America, costing 6,000 American lives and a further 18,000 Japanese lives.
• Buchenwald, the first Nazi concentration camp, is liberated.

### 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 1945 → 1944 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 7 Dec. 2019, https://www.officialdata.org/1945-CAD-in-1944?amount=1.