\$1 in 1950 is worth \$0.95 in 1949

\$

Value of \$1 from 1950 to 1949

\$1 in 1950 is equivalent in purchasing power to about \$0.95 in 1949. The dollar had an average inflation rate of 5.74% per year between 1949 and 1950, producing a cumulative price increase of -5.43%.

This means that prices in 1949 are 5.43% lower than average prices since 1950, according to Statistics Canada consumer price index.

The 1949 inflation rate was 0.83%. The inflation rate in 1950 was 5.74%. The 1950 inflation rate is higher compared to the average inflation rate of 3.39% per year between 1950 and 2021.

 Average inflation rate 5.74% Converted amount (\$1 base) \$0.95 Price difference (\$1 base) \$-0.05 CPI in 1950 12.900 CPI in 1949 12.200 Inflation in 1949 0.83% Inflation in 1950 5.74% \$1 in 1950 \$0.95 in 1949

How to Calculate Inflation Rate for \$1, 1949 to 1950

Our calculations use the following inflation rate formula to calculate the change in value between 1949 and 1950:

CPI in 1949 CPI in 1950
×
=

Then plug in historical CPI values. The Canadian CPI was 12.9 in the year 1950 and 12.2 in 1949:

12.212.9
×
\$1
=
\$0.95

\$1 in 1950 has the same "purchasing power" or "buying power" as \$0.95 in 1949.

To get the total inflation rate for the 1 years between 1949 and 1950, we use the following formula:

CPI in 1949 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

12.2 - 12.912.9
×
100
=
-5%

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 → 1949 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Jun. 2021, https://www.officialdata.org/canada/inflation/1950?amount=1&endYear=1949.

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in2013dollars.com is a reference website maintained by the Official Data Foundation.