# \$1 in 1950 is worth \$1.09 in 1953

\$

## Value of \$1 from 1950 to 1953

According to Statistics Canada consumer price index, prices in 1953 are 9.30% higher than average prices since 1950. The Canadian dollar experienced an average inflation rate of 3.01% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1950 is equivalent in purchasing power to about \$1.09 in 1953, a difference of \$0.09 over 3 years.

The 1950 inflation rate was 5.74%. The inflation rate in 1953 was 0.00%. The 1953 inflation rate is lower compared to the average inflation rate of 3.45% per year between 1953 and 2020.

 Cumulative price change 9.30% Average inflation rate 3.01% Converted amount (\$1 base) \$1.09 Price difference (\$1 base) \$0.09 CPI in 1950 12.900 CPI in 1953 14.100 Inflation in 1950 5.74% Inflation in 1953 0.00%

## Buying power of \$1 in 1950

This chart shows a calculation of buying power equivalence for \$1 in 1950 (price index tracking began in 1914).

For example, if you started with \$1, you would need to end with \$1.09 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$1.09 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 1950 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: 1950-1953
Year Dollar Value Inflation Rate
1950 \$1.00 5.74%
1951 \$1.11 10.85%
1952 \$1.09 -1.40%
1953 \$1.09 0.00%
1954 \$1.09 0.00%
1955 \$1.10 0.71%
1956 \$1.13 2.82%
1957 \$1.16 2.05%
1958 \$1.19 2.68%
1959 \$1.20 1.31%
1960 \$1.22 1.29%
1961 \$1.22 0.00%
1962 \$1.24 1.91%
1963 \$1.26 1.88%
1964 \$1.29 1.84%
1965 \$1.33 3.01%
1966 \$1.37 3.51%
1967 \$1.43 3.95%
1968 \$1.49 4.35%
1969 \$1.56 4.69%
1970 \$1.57 1.00%
1971 \$1.65 4.93%
1972 \$1.74 5.16%
1973 \$1.90 9.38%
1974 \$2.14 12.65%
1975 \$2.34 9.42%
1976 \$2.47 5.63%
1977 \$2.71 9.40%
1978 \$2.94 8.60%
1979 \$3.22 9.76%
1980 \$3.58 11.06%
1981 \$4.02 12.12%
1982 \$4.39 9.27%
1983 \$4.59 4.59%
1984 \$4.76 3.72%
1985 \$4.97 4.40%
1986 \$5.18 4.21%
1987 \$5.40 4.19%
1988 \$5.60 3.88%
1989 \$5.90 5.26%
1990 \$6.19 4.99%
1991 \$6.43 3.75%
1992 \$6.57 2.17%
1993 \$6.67 1.65%
1994 \$6.69 0.23%
1995 \$6.81 1.74%
1996 \$6.95 2.16%
1997 \$7.01 0.78%
1998 \$7.08 1.00%
1999 \$7.26 2.63%
2000 \$7.50 3.20%
2001 \$7.55 0.72%
2002 \$7.84 3.80%
2003 \$8.00 2.08%
2004 \$8.17 2.13%
2005 \$8.34 2.09%
2006 \$8.48 1.67%
2007 \$8.68 2.38%
2008 \$8.78 1.16%
2009 \$8.90 1.32%
2010 \$9.11 2.35%
2011 \$9.32 2.30%
2012 \$9.40 0.83%
2013 \$9.51 1.24%
2014 \$9.65 1.47%
2015 \$9.81 1.61%
2016 \$9.95 1.50%
2017 \$10.11 1.56%
2018 \$10.14 0.31%
2019 \$10.34 1.99%
2020 \$10.57 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1950 amounts in 1953 dollars, based on the 9.30% change in prices:

Conversion Table: Value of a dollar in 1953
Initial value Equivalent value
\$1 dollar in 1950 \$1.09 dollars in 1953
\$5 dollars in 1950 \$5.47 dollars in 1953
\$10 dollars in 1950 \$10.93 dollars in 1953
\$50 dollars in 1950 \$54.65 dollars in 1953
\$100 dollars in 1950 \$109.30 dollars in 1953
\$500 dollars in 1950 \$546.51 dollars in 1953
\$1,000 dollars in 1950 \$1,093.02 dollars in 1953
\$5,000 dollars in 1950 \$5,465.12 dollars in 1953
\$10,000 dollars in 1950 \$10,930.23 dollars in 1953
\$50,000 dollars in 1950 \$54,651.16 dollars in 1953
\$100,000 dollars in 1950 \$109,302.33 dollars in 1953
\$500,000 dollars in 1950 \$546,511.63 dollars in 1953
\$1,000,000 dollars in 1950 \$1,093,023.26 dollars in 1953

## How to Calculate Inflation Rate for \$1, 1950 to 1953

Our calculations use the following inflation rate formula to calculate the change in value between 1950 and 1953:

CPI in 1953 CPI in 1950
×
=

Then plug in historical CPI values. The Canadian CPI was 12.9 in the year 1950 and 14.1 in 1953:

14.112.9
×
\$1
=
\$1.09

\$1 in 1950 has the same "purchasing power" or "buying power" as \$1.09 in 1953.

To get the total inflation rate for the 3 years between 1950 and 1953, we use the following formula:

CPI in 1953 - CPI in 1950CPI in 1950
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

14.1 - 12.912.9
×
100
=
9%

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 → 1953 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 27 Oct. 2020, https://www.officialdata.org/canada/inflation/1950?amount=1&endYear=1953.

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.