Inflation in 1952 and its effect on dollar value
$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 3.35% per year between 1952 and 2021.
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 |
How to Calculate Inflation Rate for $1, 1951 to 1952
Our calculations use the following inflation rate formula to calculate the change in value between 1951 and 1952:
CPI in 1952
CPI in 1951
×
1951 CAD value
=
1952 CAD value
Then plug in historical CPI values. The Canadian CPI was 14.3 in the year 1951 and 14.1 in 1952:
14.114.3
×
$1
=
$0.99
$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:
CPI in 1952 - CPI in 1951CPI in 1951
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
14.1 - 14.314.3
×
100
=
-1%
News headlines from 1951
Politics and news often influence economic performance. Here's what was happening at the time:
- Stalin's announces that the USSR has developed an atomic bomb.
- Luis Miramontes, a Mexican chemist, successfully synthesises the first oral contraceptive.
- The first underground atomic explosion happens at Frenchman Flat, Nevada.
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 1952 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 7 May. 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 |