# Canadian inflation rate in 1950: 2.67%

\$

## Inflation in 1950 and its effect on dollar value

\$1 in 1949 is equivalent in purchasing power to about \$1.03 in 1950. The dollar had an average inflation rate of 2.67% per year between 1949 and 1950, producing a cumulative price increase of 2.67%. Purchasing power decreased by 2.67% in 1950 compared to 1949. On average, you would have to spend 2.67% more money in 1950 than in 1949 for the same item.

This means that prices in 1950 are 1.03 times higher than average prices since 1949, according to Statistics Canada consumer price index.

The inflation rate in 1949 was 3.48%. The inflation rate in 1950 was 2.67%. The 1950 inflation rate is lower compared to the average inflation rate of 3.45% per year between 1950 and 2022.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1950 was 12.48. It was 12.16 in the previous year, 1949. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 2.67% Converted amount (\$1 base) \$1.03 Price difference (\$1 base) \$0.03 CPI in 1949 12.158 CPI in 1950 12.483 Inflation in 1949 3.48% Inflation in 1950 2.67% \$1 in 1949 \$1.03 in 1950

## How to calculate inflation rate for \$1, 1949 to 1950

Our calculations use the following inflation rate formula to calculate the change in value between 1949 and 1950:

CPI in 1950 CPI in 1949
×
=

Then plug in historical CPI values. The Canadian CPI was 12.15833333 in the year 1949 and 12.48333333 in 1950:

12.4833333312.15833333
×
\$1
=
\$1.03

\$1 in 1949 has the same "purchasing power" or "buying power" as \$1.03 in 1950.

To get the total inflation rate for the 1 years between 1949 and 1950, we use the following formula:

CPI in 1950 - CPI in 1949CPI in 1949
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

12.48333333 - 12.1583333312.15833333
×
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 1950 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 May. 2022, https://www.officialdata.org/CAD-inflation-rate-in-1950.

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. 