\$1 in 1950 → \$0.86 in 1947

\$

Canadian Inflation Rate, \$1 from 1950 to 1947

According to Statistics Canada consumer price index, prices in 1947 are 13.95% lower than average prices since 1950. The Canadian dollar experienced an average inflation rate of 5.14% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1950 is equivalent in purchasing power to about \$0.86 in 1947, a difference of \$-0.14 over 3 years.

The 1947 inflation rate was 14.43%. The inflation rate in 1950 was 5.74%. The 1950 inflation rate is higher compared to the average inflation rate of 3.43% per year between 1950 and 2020.

 Cumulative price change -13.95% Average inflation rate 5.14% Converted amount (\$1 base) \$0.86 Price difference (\$1 base) \$-0.14 CPI in 1950 12.900 CPI in 1947 11.100 Inflation in 1947 14.43% Inflation in 1950 5.74%

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 \$0.86 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.86 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 1947 dollars, the chart below shows how \$1 buys less over the past 3 years.

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

Year Dollar Value Inflation Rate
1947 \$1.00 14.43%
1948 \$1.09 9.01%
1949 \$1.10 0.83%
1950 \$1.16 5.74%
1951 \$1.29 10.85%
1952 \$1.27 -1.40%
1953 \$1.27 0.00%
1954 \$1.27 0.00%
1955 \$1.28 0.71%
1956 \$1.32 2.82%
1957 \$1.34 2.05%
1958 \$1.38 2.68%
1959 \$1.40 1.31%
1960 \$1.41 1.29%
1961 \$1.41 0.00%
1962 \$1.44 1.91%
1963 \$1.47 1.88%
1964 \$1.50 1.84%
1965 \$1.54 3.01%
1966 \$1.59 3.51%
1967 \$1.66 3.95%
1968 \$1.73 4.35%
1969 \$1.81 4.69%
1970 \$1.83 1.00%
1971 \$1.92 4.93%
1972 \$2.02 5.16%
1973 \$2.21 9.38%
1974 \$2.49 12.65%
1975 \$2.72 9.42%
1976 \$2.87 5.63%
1977 \$3.14 9.40%
1978 \$3.41 8.60%
1979 \$3.75 9.76%
1980 \$4.16 11.06%
1981 \$4.67 12.12%
1982 \$5.10 9.27%
1983 \$5.33 4.59%
1984 \$5.53 3.72%
1985 \$5.77 4.40%
1986 \$6.02 4.21%
1987 \$6.27 4.19%
1988 \$6.51 3.88%
1989 \$6.86 5.26%
1990 \$7.20 4.99%
1991 \$7.47 3.75%
1992 \$7.63 2.17%
1993 \$7.76 1.65%
1994 \$7.77 0.23%
1995 \$7.91 1.74%
1996 \$8.08 2.16%
1997 \$8.14 0.78%
1998 \$8.23 1.00%
1999 \$8.44 2.63%
2000 \$8.71 3.20%
2001 \$8.77 0.72%
2002 \$9.11 3.80%
2003 \$9.30 2.08%
2004 \$9.50 2.13%
2005 \$9.69 2.09%
2006 \$9.86 1.67%
2007 \$10.09 2.38%
2008 \$10.21 1.16%
2009 \$10.34 1.32%
2010 \$10.59 2.35%
2011 \$10.83 2.30%
2012 \$10.92 0.83%
2013 \$11.05 1.24%
2014 \$11.22 1.47%
2015 \$11.40 1.61%
2016 \$11.57 1.50%
2017 \$11.75 1.56%
2018 \$11.78 0.31%
2019 \$12.02 1.99%
2020 \$12.29 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

How to Calculate Inflation Rate for \$1, 1947 to 1950

This inflation calculator uses the following inflation rate formula:

CPI in 1947CPI in 1950
×
=

Then plug in historical CPI values. The Canadian CPI was 12.9 in the year 1950 and 11.1 in 1947:

11.112.9
×
\$1
=
\$0.86

\$1 in 1950 has the same "purchasing power" or "buying power" as \$0.86 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:

11.1 - 12.912.9
×
100
=
-14%

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

• Jerusalem is proclaimed the capital of Israel by Knesset
• North Korea invades South Korea.
• Harry Truman announces that America will seek to develop a hydrogen bomb.
• Chinese forces occupy Tibet.

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, 9 Apr. 2020, https://www.officialdata.org/canada/inflation/1950?amount=1&endYear=1947.