Value of $1 from 1930 to 1948
$1 in 1930 is equivalent in purchasing power to about $1.29 in 1948, an increase of $0.29 over 18 years. The dollar had an average inflation rate of 1.41% per year between 1930 and 1948, producing a cumulative price increase of 28.65%.
This means that prices in 1948 are 1.29 times as high as average prices since 1930, according to Statistics Canada consumer price index.
The inflation rate in 1930 was -0.99%. The inflation rate in 1948 was 14.26%. The 1948 inflation rate is higher compared to the average inflation rate of 3.49% per year between 1948 and 2024.
⌃
| Cumulative price change | 28.65% |
| Average inflation rate | 1.41% |
| Converted amount $1 base | $1.29 |
| Price difference $1 base | $0.29 |
| CPI in 1930 | 9.133 |
| CPI in 1948 | 11.750 |
| Inflation in 1930 | -0.99% |
| Inflation in 1948 | 14.26% |
| $1 in 1930 | $1.29 in 1948 |
Buying power of $1 in 1930
This chart shows a calculation of buying power equivalence for $1 in 1930 (price index tracking began in 1914).
For example, if you started with $1, you would need to end with $1.29 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $1.29 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1930 dollars, the chart below shows how $1 is worth less over 18 years.
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1930 amounts in 1948 dollars, based on the 28.65% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1930 | $1.29 dollars in 1948 |
| $5 dollars in 1930 | $6.43 dollars in 1948 |
| $10 dollars in 1930 | $12.86 dollars in 1948 |
| $50 dollars in 1930 | $64.32 dollars in 1948 |
| $100 dollars in 1930 | $128.65 dollars in 1948 |
| $500 dollars in 1930 | $643.25 dollars in 1948 |
| $1,000 dollars in 1930 | $1,286.50 dollars in 1948 |
| $5,000 dollars in 1930 | $6,432.48 dollars in 1948 |
| $10,000 dollars in 1930 | $12,864.96 dollars in 1948 |
| $50,000 dollars in 1930 | $64,324.82 dollars in 1948 |
| $100,000 dollars in 1930 | $128,649.64 dollars in 1948 |
| $500,000 dollars in 1930 | $643,248.18 dollars in 1948 |
| $1,000,000 dollars in 1930 | $1,286,496.35 dollars in 1948 |
How to calculate inflation rate for $1, 1930 to 1948
Our calculations use the following inflation rate formula to calculate the change in value between 1930 and 1948:
CPI in 1948 CPI in 1930
×
1930 CAD value
=
1948 CAD value
Then plug in historical CPI values. The Canadian CPI was 9.133333333 in the year 1930 and 11.75 in 1948:
11.759.133333333
×
$1
=
$1.29
$1 in 1930 has the same "purchasing power" or "buying power" as $1.29 in 1948.
To get the total inflation rate for the 18 years between 1930 and 1948, we use the following formula:
CPI in 1948 - CPI in 1930CPI in 1930
×
100
=
Cumulative inflation rate (18 years)
Plugging in the values to this equation, we get:
11.75 - 9.1333333339.133333333
×
100
=
29%
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: “$1 in 1930 → 1948 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 May. 2024, https://www.officialdata.org/canada/inflation/1930?amount=1&endYear=1948.
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.
| Cumulative price change | 28.65% |
| Average inflation rate | 1.41% |
| Converted amount $1 base | $1.29 |
| Price difference $1 base | $0.29 |
| CPI in 1930 | 9.133 |
| CPI in 1948 | 11.750 |
| Inflation in 1930 | -0.99% |
| Inflation in 1948 | 14.26% |
| $1 in 1930 | $1.29 in 1948 |