# \$1 in 1949 is worth \$11.18 today

\$

## Value of \$1 from 1949 to 2020

According to Statistics Canada consumer price index, today's prices in 2020 are 1,018.03% higher than average prices since 1949. The Canadian dollar experienced an average inflation rate of 3.46% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1949 is equivalent in purchasing power to about \$11.18 in 2020, a difference of \$10.18 over 71 years.

The 1949 inflation rate was 0.83%. The current year-over-year inflation rate (2019 to 2020) is now 2.25%1. If this number holds, \$1 today will be equivalent in buying power to \$1.02 next year.

 Cumulative price change 1,018.03% Average inflation rate 3.46% Converted amount (\$1 base) \$11.18 Price difference (\$1 base) \$10.18 CPI in 1949 12.200 CPI in 2020 136.400 Inflation in 1949 0.83% Inflation in 2020 2.25%

## Buying power of \$1 in 1949

This chart shows a calculation of buying power equivalence for \$1 in 1949 (price index tracking began in 1914).

For example, if you started with \$1, you would need to end with \$11.18 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$11.18 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 1949 dollars, the chart below shows how \$1 is worth less over 71 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: 1949-2020
Year Dollar Value Inflation Rate
1949 \$1.00 0.83%
1950 \$1.06 5.74%
1951 \$1.17 10.85%
1952 \$1.16 -1.40%
1953 \$1.16 0.00%
1954 \$1.16 0.00%
1955 \$1.16 0.71%
1956 \$1.20 2.82%
1957 \$1.22 2.05%
1958 \$1.25 2.68%
1959 \$1.27 1.31%
1960 \$1.29 1.29%
1961 \$1.29 0.00%
1962 \$1.31 1.91%
1963 \$1.34 1.88%
1964 \$1.36 1.84%
1965 \$1.40 3.01%
1966 \$1.45 3.51%
1967 \$1.51 3.95%
1968 \$1.57 4.35%
1969 \$1.65 4.69%
1970 \$1.66 1.00%
1971 \$1.75 4.93%
1972 \$1.84 5.16%
1973 \$2.01 9.38%
1974 \$2.26 12.65%
1975 \$2.48 9.42%
1976 \$2.61 5.63%
1977 \$2.86 9.40%
1978 \$3.11 8.60%
1979 \$3.41 9.76%
1980 \$3.79 11.06%
1981 \$4.25 12.12%
1982 \$4.64 9.27%
1983 \$4.85 4.59%
1984 \$5.03 3.72%
1985 \$5.25 4.40%
1986 \$5.48 4.21%
1987 \$5.70 4.19%
1988 \$5.93 3.88%
1989 \$6.24 5.26%
1990 \$6.55 4.99%
1991 \$6.80 3.75%
1992 \$6.94 2.17%
1993 \$7.06 1.65%
1994 \$7.07 0.23%
1995 \$7.20 1.74%
1996 \$7.35 2.16%
1997 \$7.41 0.78%
1998 \$7.48 1.00%
1999 \$7.68 2.63%
2000 \$7.93 3.20%
2001 \$7.98 0.72%
2002 \$8.29 3.80%
2003 \$8.46 2.08%
2004 \$8.64 2.13%
2005 \$8.82 2.09%
2006 \$8.97 1.67%
2007 \$9.18 2.38%
2008 \$9.29 1.16%
2009 \$9.41 1.32%
2010 \$9.63 2.35%
2011 \$9.85 2.30%
2012 \$9.93 0.83%
2013 \$10.06 1.24%
2014 \$10.20 1.47%
2015 \$10.37 1.61%
2016 \$10.52 1.50%
2017 \$10.69 1.56%
2018 \$10.72 0.31%
2019 \$10.93 1.99%
2020 \$11.18 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 65 more rows

This conversion table shows various other 1949 amounts in today's dollars, based on the 1,018.03% change in prices:

Conversion Table: Value of a dollar today
Initial value Equivalent value
\$1 dollar in 1949 \$11.18 dollars today
\$5 dollars in 1949 \$55.90 dollars today
\$10 dollars in 1949 \$111.80 dollars today
\$50 dollars in 1949 \$559.02 dollars today
\$100 dollars in 1949 \$1,118.03 dollars today
\$500 dollars in 1949 \$5,590.16 dollars today
\$1,000 dollars in 1949 \$11,180.33 dollars today
\$5,000 dollars in 1949 \$55,901.64 dollars today
\$10,000 dollars in 1949 \$111,803.28 dollars today
\$50,000 dollars in 1949 \$559,016.39 dollars today
\$100,000 dollars in 1949 \$1,118,032.79 dollars today
\$500,000 dollars in 1949 \$5,590,163.93 dollars today
\$1,000,000 dollars in 1949 \$11,180,327.87 dollars today

## How to Calculate Inflation Rate for \$1 since 1949

Our calculations use the following inflation rate formula to calculate the change in value between 1949 and today:

CPI today CPI in 1949
×
=
Today's value

Then plug in historical CPI values. The Canadian CPI was 12.2 in the year 1949 and 136.4 in 2020:

136.412.2
×
\$1
=
\$11.18

\$1 in 1949 has the same "purchasing power" or "buying power" as \$11.18 in 2020.

To get the total inflation rate for the 71 years between 1949 and 2020, we use the following formula:

CPI in 2020 - CPI in 1949CPI in 1949
×
100
=
Cumulative inflation rate (71 years)

Plugging in the values to this equation, we get:

136.4 - 12.212.2
×
100
=
1,018%

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

• David Ben-Gurion's Mapai party wins the first Israeli election.
• The Federal Republic of Germany, or West Germany, is created by the combination of the American, British, and French occupation zones.
• The Soviet Union ends the blockade of Berlin.
• The People's Republic of China is proclaimed by Chinese Communist leaders.

## 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 1949 → 2020 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Nov. 2020, https://www.officialdata.org/canada/inflation/1949?amount=1.

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.