# Canadian inflation rate in 1953: -1.00%

\$

## Inflation in 1953 and its effect on dollar value

\$1 in 1952 is equivalent in purchasing power to about \$0.99 in 1953. The dollar had an average deflation rate of -1.00% per year since 1952, producing a cumulative price change of -1.00%. Purchasing power increased by 1.00% in 1953 compared to 1952. On average, you would have to spend 1.00% less money in 1953 than in 1952 for the same item. This is an example of deflation.

This means that prices in 1953 are 1% lower than average prices since 1952, according to Statistics Canada consumer price index.

The inflation rate in 1952 was 2.60%. The inflation rate in 1953 was -1.00%. The 1953 inflation rate is lower compared to the average inflation rate of 3.56% per year between 1953 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1953 was 14.02. It was 14.16 in the previous year, 1952. The difference in CPI between the years is used by Statistics Canada to officially determine inflation. Because the 1953 CPI is less than 1952 CPI, negative inflation (also known as deflation) has occurred.

 Average inflation rate -1.00% Converted amount\$1 base \$0.99 Price difference\$1 base \$-0.01 CPI in 1952 14.158 CPI in 1953 14.017 Inflation in 1952 2.60% Inflation in 1953 -1.00% \$1 in 1952 \$0.99 in 1953

## 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 14.15833333 in the year 1952 and 14.01666667 in 1953:

14.0166666714.15833333
×
\$1
=
\$0.99

\$1 in 1952 has the same "purchasing power" or "buying power" as \$0.99 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:

14.01666667 - 14.1583333314.15833333
×
100
=
-1%

## 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, 3 Oct. 2023, https://www.officialdata.org/CAD-inflation-rate-in-1953.

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. 