$1 in 1950 is worth $0.82 in 1947

Value of $1 from 1950 to 1947

$1 in 1950 is equivalent in purchasing power to about $0.82 in 1947, an increase of $-0.18 over 3 years. The dollar had an average inflation rate of 6.68% per year between 1947 and 1950, producing a cumulative price increase of -17.62%.

This means that prices in 1947 are 17.62% lower than average prices since 1950, according to Statistics Canada consumer price index.

The inflation rate in 1947 was 9.01%. The inflation rate in 1950 was 2.67%. The 1950 inflation rate is lower compared to the average inflation rate of 3.53% per year between 1950 and 2022.


Inflation from 1950 to 1947
Cumulative price change-17.62%
Average inflation rate6.68%
Converted amount ($1 base)$0.82
Price difference ($1 base)$-0.18
CPI in 195012.483
CPI in 194710.283
Inflation in 19479.01%
Inflation in 19502.67%
$1 in 1950$0.82 in 1947

Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

Buying power of $1 in 1947

This chart shows a calculation of buying power equivalence for $1 in 1947 (price index tracking began in 1914).

For example, if you started with $1, you would need to end with $0.82 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $0.82 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 1947 dollars, the chart below shows how $1 is worth less over 3 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: 1947-1950
YearDollar ValueInflation Rate
1947$1.009.01%
1948$1.1414.26%
1949$1.183.48%
1950$1.212.67%
1951$1.3410.55%
1952$1.382.60%
1953$1.36-1.00%
1954$1.370.65%
1955$1.370.18%
1956$1.391.36%
1957$1.443.32%
1958$1.472.36%
1959$1.491.21%
1960$1.511.36%
1961$1.531.02%
1962$1.541.06%
1963$1.571.63%
1964$1.601.91%
1965$1.642.33%
1966$1.703.82%
1967$1.763.58%
1968$1.834.06%
1969$1.914.56%
1970$1.983.35%
1971$2.032.70%
1972$2.134.99%
1973$2.297.49%
1974$2.5411.00%
1975$2.8210.67%
1976$3.037.54%
1977$3.277.98%
1978$3.568.97%
1979$3.899.14%
1980$4.2810.13%
1981$4.8212.47%
1982$5.3310.77%
1983$5.655.86%
1984$5.894.30%
1985$6.123.96%
1986$6.384.19%
1987$6.664.36%
1988$6.934.03%
1989$7.274.98%
1990$7.624.78%
1991$8.055.63%
1992$8.171.49%
1993$8.321.87%
1994$8.330.17%
1995$8.512.15%
1996$8.651.57%
1997$8.791.62%
1998$8.881.00%
1999$9.031.73%
2000$9.272.72%
2001$9.512.53%
2002$9.722.26%
2003$9.992.76%
2004$10.181.86%
2005$10.402.21%
2006$10.612.00%
2007$10.842.14%
2008$11.092.37%
2009$11.130.30%
2010$11.331.78%
2011$11.662.91%
2012$11.831.52%
2013$11.940.94%
2014$12.171.91%
2015$12.311.13%
2016$12.481.43%
2017$12.681.60%
2018$12.972.27%
2019$13.221.95%
2020$13.320.72%
2021$13.773.40%
2022$14.767.20%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1947 amounts in 1950 dollars, based on the -17.62% change in prices:

Conversion: 1947 dollars in 1950
Initial valueEquivalent value
$1 dollar in 1947$1.21 dollars in 1950
$5 dollars in 1947$6.07 dollars in 1950
$10 dollars in 1947$12.14 dollars in 1950
$50 dollars in 1947$60.70 dollars in 1950
$100 dollars in 1947$121.39 dollars in 1950
$500 dollars in 1947$606.97 dollars in 1950
$1,000 dollars in 1947$1,213.94 dollars in 1950
$5,000 dollars in 1947$6,069.69 dollars in 1950
$10,000 dollars in 1947$12,139.38 dollars in 1950
$50,000 dollars in 1947$60,696.92 dollars in 1950
$100,000 dollars in 1947$121,393.84 dollars in 1950
$500,000 dollars in 1947$606,969.21 dollars in 1950
$1,000,000 dollars in 1947$1,213,938.41 dollars in 1950

How to calculate inflation rate for $1, 1947 to 1950

Our calculations use the following inflation rate formula to calculate the change in value between 1947 and 1950:

CPI in 1947 CPI in 1950
×
1950 CAD value
=
1947 CAD value

Then plug in historical CPI values. The Canadian CPI was 12.48333333 in the year 1950 and 10.28333333 in 1947:

10.2833333312.48333333
×
$1
=
$0.82

$1 in 1950 has the same "purchasing power" or "buying power" as $0.82 in 1947.

To get the total inflation rate for the 3 years between 1947 and 1950, we use the following formula:

CPI in 1947 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

10.28333333 - 12.4833333312.48333333
×
100
=
-18%

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 1950 → 1947 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 30 Sep. 2022, https://www.officialdata.org/canada/inflation/1950?amount=1&endYear=1947.

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.


Ian Webster

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.

Email · LinkedIn · Twitter


» Read more about inflation and investment.

Inflation from 1950 to 1947
Cumulative price change-17.62%
Average inflation rate6.68%
Converted amount ($1 base)$0.82
Price difference ($1 base)$-0.18
CPI in 195012.483
CPI in 194710.283
Inflation in 19479.01%
Inflation in 19502.67%
$1 in 1950$0.82 in 1947