$1 in 1948 is worth $13.47 today

$
$ 13.47

The Impact of Inflation on value of $1 from 1948 to 2024

In 1913 the price of $1 is approximately equal to $13.47 in 2024. Prices changed by 3.67% (or $0.16) per year on average during that period. It means that every purchase will cost you 13.47 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $1 in 1948 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.


How Much is $1 in 1948 Worth Today?

  • Converted Amount: The $1 from 1948, adjusted for inflation, would be equivalent to $13.47 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 1247.12%.
  • Average Inflation Rate: The average annual inflation rate between 1948 and 2024 has been 3.67%.
Inflation from 1948 to 2024
Cumulative price change 1247.12%
Average inflation rate 3.67%
Converted amount 13.47
Price difference 12.47
CPI in 1948 11.8
CPI in 2024158.96
Inflation in 194814.56%
Inflation in 20241.18%
1 in 194813.47 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1948: 11.8
  • CPI in 2024: 158.96

Inflation Rate at 1948 and 2024

  • Inflation in 1948: 14.56%
  • Inflation in 2024: 1.18%

Price Difference

  • The price difference between 1948 and 2024 is $12.47.

1948 to 2024 Inflation Calculator

To understand the transformation of $1 from 1948 into 2024 Canadian Dollars, consider the following table:

YearCPIInflation rateValue in 2024
194811.814.56%$1
2024158.961.18%$13.47

This table highlights the key figures that affect how the value of money changes over time due to inflation.

Buying Power of $1 in 1948

$1 in the year 1948 is now worth $13.47 in 2024, showing a substantial increase of $12.47 over the years. This change underscores how the average inflation rate of 3.67% annually has eroded the purchasing power of the Canadian Dollar.

Inflation from 1948 to 2024
Cumulative price change 1247.12%
Average inflation rate 3.67%
Converted amount 13.47
Price difference 12.47
CPI in 1948 11.8
CPI in 2024158.96
Inflation in 194814.56%
Inflation in 20241.18%
1 in 194813.47 in 2024