$6 in 1950 is worth $76.30 today

$
$ 76.30

The Impact of Inflation on value of $6 from 1950 to 2024

In 1913 the price of $6 is approximately equal to $76.30 in 2024. Prices changed by 3.52% (or $0.95) per year on average during that period. It means that every purchase will cost you 12.72 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 $6 in 1950 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 $6 in 1950 Worth Today?

  • Converted Amount: The $6 from 1950, adjusted for inflation, would be equivalent to $76.30 in 2024.
  • Cumulative Price Change: Over this period, the cumulative price change has been 1171.68%.
  • Average Inflation Rate: The average annual inflation rate between 1950 and 2024 has been 3.52%.
Inflation from 1950 to 2024
Cumulative price change 1171.68%
Average inflation rate 3.52%
Converted amount 76.30
Price difference 70.30
CPI in 1950 12.5
CPI in 2024158.96
Inflation in 19502.46%
Inflation in 20241.18%
6 in 195076.30 in 2024

Key Financial Indicators:

Consumer Price Index (CPI) Comparison

  • CPI in 1950: 12.5
  • CPI in 2024: 158.96

Inflation Rate at 1950 and 2024

  • Inflation in 1950: 2.46%
  • Inflation in 2024: 1.18%

Price Difference

  • The price difference between 1950 and 2024 is $70.30.

1950 to 2024 Inflation Calculator

To understand the transformation of $6 from 1950 into 2024 Canadian Dollars, consider the following table:

YearCPIInflation rateValue in 2024
195012.52.46%$6
2024158.961.18%$76.30

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

Buying Power of $6 in 1950

$6 in the year 1950 is now worth $76.30 in 2024, showing a substantial increase of $70.30 over the years. This change underscores how the average inflation rate of 3.52% annually has eroded the purchasing power of the Canadian Dollar.

Inflation from 1950 to 2024
Cumulative price change 1171.68%
Average inflation rate 3.52%
Converted amount 76.30
Price difference 70.30
CPI in 1950 12.5
CPI in 2024158.96
Inflation in 19502.46%
Inflation in 20241.18%
6 in 195076.30 in 2024