# Canadian inflation rate in 1951: 10.55%

\$

## Inflation in 1951 and its effect on dollar value

\$1 in 1950 is equivalent in purchasing power to about \$1.11 in 1951. The dollar had an average inflation rate of 10.55% per year between 1950 and 1951, producing a cumulative price increase of 10.55%. Purchasing power decreased by 10.55% in 1951 compared to 1950. On average, you would have to spend 10.55% more money in 1951 than in 1950 for the same item.

This means that prices in 1951 are 1.11 times higher than average prices since 1950, according to Statistics Canada consumer price index.

The inflation rate in 1950 was 2.67%. The inflation rate in 1951 was 10.55%. The 1951 inflation rate is higher compared to the average inflation rate of 3.44% per year between 1951 and 2022.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1951 was 13.80. It was 12.48 in the previous year, 1950. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 10.55% Converted amount (\$1 base) \$1.11 Price difference (\$1 base) \$0.11 CPI in 1950 12.483 CPI in 1951 13.800 Inflation in 1950 2.67% Inflation in 1951 10.55% \$1 in 1950 \$1.11 in 1951

## How to calculate inflation rate for \$1, 1950 to 1951

Our calculations use the following inflation rate formula to calculate the change in value between 1950 and 1951:

CPI in 1951 CPI in 1950
×
=

Then plug in historical CPI values. The Canadian CPI was 12.48333333 in the year 1950 and 13.8 in 1951:

13.812.48333333
×
\$1
=
\$1.11

\$1 in 1950 has the same "purchasing power" or "buying power" as \$1.11 in 1951.

To get the total inflation rate for the 1 years between 1950 and 1951, we use the following formula:

CPI in 1951 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

13.8 - 12.4833333312.48333333
×
100
=
11%

## 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 1951 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 7 Aug. 2022, https://www.officialdata.org/CAD-inflation-rate-in-1951.

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. 