# \$2,800 in 1946 is worth \$39,661.86 today

\$

## Value of \$2,800 from 1946 to 2021

\$2,800 in 1946 is equivalent in purchasing power to about \$39,661.86 today, an increase of \$36,861.86 over 75 years. The dollar had an average inflation rate of 3.60% per year between 1946 and today, producing a cumulative price increase of 1,316.49%.

This means that today's prices are 14.16 times higher than average prices since 1946, according to Statistics Canada consumer price index. A dollar today only buys 7.06% of what it could buy back then.

The 1946 inflation rate was 5.43%. The current year-over-year inflation rate (2020 to 2021) is now 0.73%1. If this number holds, \$2,800 today will be equivalent in buying power to \$2,820.53 next year.

 Cumulative price change 1,316.49% Average inflation rate 3.60% Converted amount (\$2,800 base) \$39,661.86 Price difference (\$2,800 base) \$36,861.86 CPI in 1946 9.700 CPI in 2021 137.400 Inflation in 1946 5.43% Inflation in 2021 0.73% \$2,800 in 1946 \$39,661.86 in 2021

## 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 \$39,661.86 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$2,800 is equivalent to \$39,661.86 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 75 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: 1946-2021
Year Dollar Value Inflation Rate
1946 \$2,800.00 5.43%
1947 \$3,204.12 14.43%
1948 \$3,492.78 9.01%
1949 \$3,521.65 0.83%
1950 \$3,723.71 5.74%
1951 \$4,127.84 10.85%
1952 \$4,070.10 -1.40%
1953 \$4,070.10 0.00%
1954 \$4,070.10 0.00%
1955 \$4,098.97 0.71%
1956 \$4,214.43 2.82%
1957 \$4,301.03 2.05%
1958 \$4,416.49 2.68%
1959 \$4,474.23 1.31%
1960 \$4,531.96 1.29%
1961 \$4,531.96 0.00%
1962 \$4,618.56 1.91%
1963 \$4,705.15 1.88%
1964 \$4,791.75 1.84%
1965 \$4,936.08 3.01%
1966 \$5,109.28 3.51%
1967 \$5,311.34 3.95%
1968 \$5,542.27 4.35%
1969 \$5,802.06 4.69%
1970 \$5,859.79 1.00%
1971 \$6,148.45 4.93%
1972 \$6,465.98 5.16%
1973 \$7,072.16 9.38%
1974 \$7,967.01 12.65%
1975 \$8,717.53 9.42%
1976 \$9,208.25 5.63%
1977 \$10,074.23 9.40%
1978 \$10,940.21 8.60%
1979 \$12,008.25 9.76%
1980 \$13,336.08 11.06%
1981 \$14,952.58 12.12%
1982 \$16,338.14 9.27%
1983 \$17,088.66 4.59%
1984 \$17,723.71 3.72%
1985 \$18,503.09 4.40%
1986 \$19,282.47 4.21%
1987 \$20,090.72 4.19%
1988 \$20,870.10 3.88%
1989 \$21,967.01 5.26%
1990 \$23,063.92 4.99%
1991 \$23,929.90 3.75%
1992 \$24,449.48 2.17%
1993 \$24,853.61 1.65%
1994 \$24,911.34 0.23%
1995 \$25,344.33 1.74%
1996 \$25,892.78 2.16%
1997 \$26,094.85 0.78%
1998 \$26,354.64 1.00%
1999 \$27,047.42 2.63%
2000 \$27,913.40 3.20%
2001 \$28,115.46 0.72%
2002 \$29,183.51 3.80%
2003 \$29,789.69 2.08%
2004 \$30,424.74 2.13%
2005 \$31,059.79 2.09%
2006 \$31,579.38 1.67%
2007 \$32,329.90 2.38%
2008 \$32,705.15 1.16%
2009 \$33,138.14 1.32%
2010 \$33,917.53 2.35%
2011 \$34,696.91 2.30%
2012 \$34,985.57 0.83%
2013 \$35,418.56 1.24%
2014 \$35,938.14 1.47%
2015 \$36,515.46 1.61%
2016 \$37,063.92 1.50%
2017 \$37,641.24 1.56%
2018 \$37,756.70 0.31%
2019 \$38,507.22 1.99%
2020 \$39,373.20 2.25%
2021 \$39,661.86 0.73%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 69 more rows

This conversion table shows various other 1946 amounts in today's dollars, based on the 1,316.49% change in prices:

Conversion: 1946 dollars today
Initial value Equivalent value
\$1 dollar in 1946 \$14.16 dollars today
\$5 dollars in 1946 \$70.82 dollars today
\$10 dollars in 1946 \$141.65 dollars today
\$50 dollars in 1946 \$708.25 dollars today
\$100 dollars in 1946 \$1,416.49 dollars today
\$500 dollars in 1946 \$7,082.47 dollars today
\$1,000 dollars in 1946 \$14,164.95 dollars today
\$5,000 dollars in 1946 \$70,824.74 dollars today
\$10,000 dollars in 1946 \$141,649.48 dollars today
\$50,000 dollars in 1946 \$708,247.42 dollars today
\$100,000 dollars in 1946 \$1,416,494.85 dollars today
\$500,000 dollars in 1946 \$7,082,474.23 dollars today
\$1,000,000 dollars in 1946 \$14,164,948.45 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 9.7 in the year 1946 and 137.4 in 2021:

137.49.7
×
\$2,800
=
\$39,661.86

\$2,800 in 1946 has the same "purchasing power" or "buying power" as \$39,661.86 in 2021.

To get the total inflation rate for the 75 years between 1946 and 2021, we use the following formula:

CPI in 2021 - CPI in 1946CPI in 1946
×
100
=
Cumulative inflation rate (75 years)

Plugging in the values to this equation, we get:

137.4 - 9.79.7
×
100
=
1,316%

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

• The United Nations General Assembly meets for the first time in London.
• President Harry Truman sets up the Central Intelligence Agency or CIA.
• The US State Department releases the Acheson-Lilenthal Report outlining a plan for how the US can limit nuclear power internationally, marking the beginning of Cold War.
• Twenty-two Nazi leaders found guilty of war crimes during the Nuremburg trials.

## 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 → 2021 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Sep. 2021, 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.