# Canadian inflation rate in 1953: 0.00%

\$

## Inflation in 1953 and its effect on dollar value

Purchasing power decreased by 0.00% in 1953 compared to 1952. On average, you would have to spend 0.00% more money in 1953 than in 1952 for the same item.

In other words, \$1 in 1952 is equivalent in purchasing power to about \$1 in 1953.

The 1952 inflation rate was -1.40%. The inflation rate in 1953 was 0.00%. The 1953 inflation rate is lower compared to the average inflation rate of 3.45% per year between 1953 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1953 was 14.10. It was 14.10 in the previous year, 1952. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 0.00% Converted amount (\$1 base) \$1 Price difference (\$1 base) \$0.00 CPI in 1952 14.100 CPI in 1953 14.100 Inflation in 1952 -1.40% Inflation in 1953 0.00%

## How to Calculate Inflation Rate for \$1, 1952 to 1953

Our calculations use the following inflation rate formula to calculate the change in value between 1952 and 1953:

CPI in 1953 CPI in 1952
×
=

Then plug in historical CPI values. The Canadian CPI was 14.1 in the year 1952 and 14.1 in 1953:

14.114.1
×
\$1
=
\$1

\$1 in 1952 has the same "purchasing power" or "buying power" as \$1 in 1953.

To get the total inflation rate for the 1 years between 1952 and 1953, we use the following formula:

CPI in 1953 - CPI in 1952CPI in 1952
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

14.1 - 14.114.1
×
100
=
0%

Politics and news often influence economic performance. Here's what was happening at the time:

• Queen Elizabeth II's succeeds King George VI to the British throne.
• The concept of the integrated circuit, the basis of modern computers, is published for the first time by Geoffrey Dummer.

## 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 1953 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 May. 2020, https://www.officialdata.org/CAD-inflation-rate-in-1953.