$1 in 1951 is equivalent in purchasing power to about $0.99 in 1952. The dollar had an average deflation rate of -1.40% per year since 1951, producing a cumulative price change of -1.40%. Purchasing power increased by 1.40% in 1952 compared to 1951. On average, you would have to spend 1.40% less money in 1952 than in 1951 for the same item. This is an example of deflation.
This means that prices in 1952 are 1.4% lower than average prices since 1951, according to Statistics Canada consumer price index.
The 1951 inflation rate was 10.85%. The inflation rate in 1952 was -1.40%. The 1952 inflation rate is lower compared to the average inflation rate of 3.39% per year between 1952 and 2020.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1952 was 14.10. It was 14.30 in the previous year, 1951. The difference in CPI between the years is used by Statistics Canada to officially determine inflation. Because the 1952 CPI is less than 1951 CPI, negative inflation (also known as deflation) has occurred.
Average inflation rate | -1.40% |
Converted amount ($1 base) | $0.99 |
Price difference ($1 base) | $-0.01 |
CPI in 1951 | 14.300 |
CPI in 1952 | 14.100 |
Inflation in 1951 | 10.85% |
Inflation in 1952 | -1.40% |
$1 in 1951 | $0.99 in 1952 |
Our calculations use the following inflation rate formula to calculate the change in value between 1951 and 1952:
Then plug in historical CPI values. The Canadian CPI was 14.3 in the year 1951 and 14.1 in 1952:
$1 in 1951 has the same "purchasing power" or "buying power" as $0.99 in 1952.
To get the total inflation rate for the 1 years between 1951 and 1952, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
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 1952 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 16 Jan. 2021, https://www.officialdata.org/CAD-inflation-rate-in-1952.
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.
Average inflation rate | -1.40% |
Converted amount ($1 base) | $0.99 |
Price difference ($1 base) | $-0.01 |
CPI in 1951 | 14.300 |
CPI in 1952 | 14.100 |
Inflation in 1951 | 10.85% |
Inflation in 1952 | -1.40% |
$1 in 1951 | $0.99 in 1952 |