$1 in 1950 is worth $0.97 in 1949

Value of $1 from 1950 to 1949

$1 in 1950 is equivalent in purchasing power to about $0.97 in 1949. The dollar had an average inflation rate of 2.67% per year between 1949 and 1950, producing a cumulative price increase of -2.60%.

This means that prices in 1949 are 2.6% lower than average prices since 1950, according to Statistics Canada consumer price index.

The inflation rate in 1949 was 3.48%. The inflation rate in 1950 was 2.67%. The 1950 inflation rate is lower compared to the average inflation rate of 3.50% per year between 1950 and 2024.


Inflation from 1950 to 1949
Average inflation rate2.67%
Converted amount
$1 base
$0.97
Price difference
$1 base
$-0.03
CPI in 195012.483
CPI in 194912.158
Inflation in 19493.48%
Inflation in 19502.67%
$1 in 1950$0.97 in 1949

Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

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
×
1950 CAD value
=
1949 CAD value

Then plug in historical CPI values. The Canadian CPI was 12.48333333 in the year 1950 and 12.15833333 in 1949:

12.1583333312.48333333
×
$1
=
$0.97

$1 in 1950 has the same "purchasing power" or "buying power" as $0.97 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:

12.15833333 - 12.4833333312.48333333
×
100
=
-3%

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, 23 Mar. 2024, https://www.officialdata.org/canada/inflation/1950?amount=1&endYear=1949.

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.

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Inflation from 1950 to 1949
Average inflation rate2.67%
Converted amount
$1 base
$0.97
Price difference
$1 base
$-0.03
CPI in 195012.483
CPI in 194912.158
Inflation in 19493.48%
Inflation in 19502.67%
$1 in 1950$0.97 in 1949