# Canadian inflation rate in 1946: 3.10%

\$

## Inflation in 1946 and its effect on dollar value

\$1 in 1945 is equivalent in purchasing power to about \$1.03 in 1946. The dollar had an average inflation rate of 3.10% per year between 1945 and 1946, producing a cumulative price increase of 3.10%. Purchasing power decreased by 3.10% in 1946 compared to 1945. On average, you would have to spend 3.10% more money in 1946 than in 1945 for the same item.

This means that prices in 1946 are 1.03 times as high as average prices since 1945, according to Statistics Canada consumer price index.

The inflation rate in 1945 was 0.64%. The inflation rate in 1946 was 3.10%. The 1946 inflation rate is lower compared to the average inflation rate of 3.67% per year between 1946 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1946 was 9.43. It was 9.15 in the previous year, 1945. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 3.10% Converted amount (\$1 base) \$1.03 Price difference (\$1 base) \$0.03 CPI in 1945 9.150 CPI in 1946 9.433 Inflation in 1945 0.64% Inflation in 1946 3.10% \$1 in 1945 \$1.03 in 1946

## How to calculate inflation rate for \$1, 1945 to 1946

Our calculations use the following inflation rate formula to calculate the change in value between 1945 and 1946:

CPI in 1946 CPI in 1945
×
=

Then plug in historical CPI values. The Canadian CPI was 9.15 in the year 1945 and 9.433333333 in 1946:

9.4333333339.15
×
\$1
=
\$1.03

\$1 in 1945 has the same "purchasing power" or "buying power" as \$1.03 in 1946.

To get the total inflation rate for the 1 years between 1945 and 1946, we use the following formula:

CPI in 1946 - CPI in 1945CPI in 1945
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.433333333 - 9.159.15
×
100
=
3%

## 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: “Inflation Rate in 1946 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Feb. 2023, https://www.officialdata.org/CAD-inflation-rate-in-1946.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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