# \$2,800 in 1946 is worth \$47,134.98 today

\$

## Value of \$2,800 from 1946 to 2024

\$2,800 in 1946 is equivalent in purchasing power to about \$47,134.98 today, an increase of \$44,334.98 over 78 years. The dollar had an average inflation rate of 3.69% per year between 1946 and today, producing a cumulative price increase of 1,583.39%.

This means that today's prices are 16.83 times as high as average prices since 1946, according to Statistics Canada consumer price index. A dollar today only buys 5.940% of what it could buy back then.

The inflation rate in 1946 was 3.10%. The current inflation rate compared to the end of last year is now 1.15%. If this number holds, \$2,800 today will be equivalent in buying power to \$2,832.10 next year.

 Cumulative price change 1,583.39% Average inflation rate 3.69% Converted amount\$2,800 base \$47,134.98 Price difference\$2,800 base \$44,334.98 CPI in 1946 9.433 CPI in 2024 158.800 Inflation in 1946 3.10% Inflation in 2024 1.15% \$2,800 in 1946 \$47,134.98 in 2024

CAD inflation since 1946
Annual Rate, Statistics Canada CPI

## Buying power of \$2,800 in 1946

This chart shows a calculation of buying power equivalence for \$2,800 in 1946 (price index tracking began in 1914).

For example, if you started with \$2,800, you would need to end with \$47,134.98 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$2,800 is equivalent to \$47,134.98 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 1946 dollars, the chart below shows how \$2,800 is worth less over 78 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1946-2024
YearDollar ValueInflation Rate
1946\$2,800.003.10%
1947\$3,052.309.01%
1948\$3,487.6314.26%
1949\$3,608.833.48%
1950\$3,705.302.67%
1951\$4,096.1110.55%
1952\$4,202.472.60%
1953\$4,160.42-1.00%
1954\$4,187.630.65%
1955\$4,195.050.18%
1956\$4,251.941.36%
1957\$4,392.933.32%
1958\$4,496.822.36%
1959\$4,551.241.21%
1960\$4,613.071.36%
1961\$4,660.071.02%
1962\$4,709.541.06%
1963\$4,786.221.63%
1964\$4,877.741.91%
1965\$4,991.522.33%
1966\$5,181.983.82%
1967\$5,367.493.58%
1968\$5,585.164.06%
1969\$5,839.934.56%
1970\$6,035.343.35%
1971\$6,198.592.70%
1972\$6,507.774.99%
1973\$6,995.057.49%
1974\$7,764.3111.00%
1975\$8,592.9310.67%
1976\$9,240.997.54%
1977\$9,978.097.98%
1978\$10,873.508.97%
1979\$11,867.849.14%
1980\$13,069.9610.13%
1981\$14,700.0012.47%
1982\$16,283.0410.77%
1983\$17,237.815.86%
1984\$17,979.864.30%
1985\$18,692.233.96%
1986\$19,476.334.19%
1987\$20,324.734.36%
1988\$21,143.464.03%
1989\$22,197.174.98%
1990\$23,258.304.78%
1991\$24,566.785.63%
1992\$24,932.861.49%
1993\$25,397.881.87%
1994\$25,439.930.17%
1995\$25,986.572.15%
1996\$26,394.701.57%
1997\$26,822.611.62%
1998\$27,089.751.00%
1999\$27,559.721.73%
2000\$28,309.192.72%
2001\$29,024.032.53%
2002\$29,679.512.26%
2003\$30,498.232.76%
2004\$31,064.661.86%
2005\$31,752.302.21%
2006\$32,387.992.00%
2007\$33,080.572.14%
2008\$33,864.662.37%
2009\$33,966.080.30%
2010\$34,569.611.78%
2011\$35,576.332.91%
2012\$36,115.551.52%
2013\$36,454.420.94%
2014\$37,149.471.91%
2015\$37,567.491.13%
2016\$38,104.241.43%
2017\$38,712.721.60%
2018\$39,590.812.27%
2019\$40,362.541.95%
2020\$40,651.940.72%
2021\$42,032.163.40%
2022\$44,891.526.80%
2023\$46,600.713.81%
2024\$47,134.981.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 72 more rows

This conversion table shows various other 1946 amounts in today's dollars, based on the 1,583.39% change in prices:

Conversion: 1946 dollars today
Initial valueEquivalent value
\$1 dollar in 1946\$16.83 dollars today
\$5 dollars in 1946\$84.17 dollars today
\$10 dollars in 1946\$168.34 dollars today
\$50 dollars in 1946\$841.70 dollars today
\$100 dollars in 1946\$1,683.39 dollars today
\$500 dollars in 1946\$8,416.96 dollars today
\$1,000 dollars in 1946\$16,833.92 dollars today
\$5,000 dollars in 1946\$84,169.61 dollars today
\$10,000 dollars in 1946\$168,339.22 dollars today
\$50,000 dollars in 1946\$841,696.11 dollars today
\$100,000 dollars in 1946\$1,683,392.23 dollars today
\$500,000 dollars in 1946\$8,416,961.13 dollars today
\$1,000,000 dollars in 1946\$16,833,922.26 dollars today

## How to calculate inflation rate for \$2,800 since 1946

Our calculations use the following inflation rate formula to calculate the change in value between 1946 and today:

CPI today CPI in 1946
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 9.433333333 in the year 1946 and 158.8 in 2024:

158.89.433333333
×
\$2,800
=
\$47,134.98

\$2,800 in 1946 has the same "purchasing power" or "buying power" as \$47,134.98 in 2024.

To get the total inflation rate for the 78 years between 1946 and 2024, we use the following formula:

CPI in 2024 - CPI in 1946CPI in 1946
×
100
=
Cumulative inflation rate (78 years)

Plugging in the values to this equation, we get:

158.8 - 9.4333333339.433333333
×
100
=
1,583%

## 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: “\$2,800 in 1946 → 2024 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Jun. 2024, https://www.officialdata.org/canada/inflation/1946?amount=2800.

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.

#### About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

 Cumulative price change 1,583.39% Average inflation rate 3.69% Converted amount\$2,800 base \$47,134.98 Price difference\$2,800 base \$44,334.98 CPI in 1946 9.433 CPI in 2024 158.800 Inflation in 1946 3.10% Inflation in 2024 1.15% \$2,800 in 1946 \$47,134.98 in 2024