Canada Inflation Calculator
👉 You may be interested in Inflation from 1922 to 2019
Canadian Inflation Rate, CA$100 in 1922 to 2018
According to Statistics Canada consumer price index, prices in 2018 are 1,321.74% higher than average prices throughout 1922. The dollar experienced an average inflation rate of 2.80% per year during this period, meaning the real value of a dollar decreased.
In other words, CA$100 in 1922 is equivalent in purchasing power to about CA$1,421.74 in 2018, a difference of CA$1,321.74 over 96 years.
The 1922 inflation rate was -2.13%. The inflation rate in 2018 was 0.31%. The 2018 inflation rate is lower compared to the average inflation rate of 1.99% per year between 2018 and 2019.
⌃
| Cumulative price change | 1,321.74% |
| Average inflation rate | 2.80% |
| Converted amount (CA$100 base) | CA$1,421.74 |
| Price difference (CA$100 base) | CA$1,321.74 |
| CPI in 1922 | 9.200 |
| CPI in 2018 | 130.800 |
| Inflation in 1922 | -2.13% |
| Inflation in 2018 | 0.31% |
Buying power of CA$100 in 1922
This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for CA$100 in 1922 (price index tracking began in 1914).
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
How to Calculate Inflation Rate for CA$100, 1922 to 2018
This inflation calculator uses the following inflation rate formula:
CPI in 2018CPI in 1922
×
1922 CAD value
=
2018 CAD value
Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1922 and 130.8 in 2018:
130.89.2
×
CA$100
=
CA$1,421.74
CA$100 in 1922 has the same "purchasing power" or "buying power" as CA$1,421.74 in 2018.
To get the total inflation rate for the 96 years between 1922 and 2018, we use the following formula:
CPI in 2018 - CPI in 1922CPI in 1922
×
100
=
Cumulative inflation rate (96 years)
Plugging in the values to this equation, we get:
130.8 - 9.29.2
×
100
=
1,322%
News headlines from 1922
Politics and news often influence economic performance. Here's what was happening at the time:
- Egypt is granted independence from Great Britain.
- Mahatma Gandhi is sentenced to six years imprisonment for disobedience
- Stalin is appointed General Secretary of the Russian Communist Party.
- The Ottoman Empire's last sultan Mehmed VI is expelled to Malta on British warship.
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: “1922 dollars in 2018 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Sep. 2019, https://www.officialdata.org/1922-CAD-in-2018.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 1,321.74% |
| Average inflation rate | 2.80% |
| Converted amount (CA$100 base) | CA$1,421.74 |
| Price difference (CA$100 base) | CA$1,321.74 |
| CPI in 1922 | 9.200 |
| CPI in 2018 | 130.800 |
| Inflation in 1922 | -2.13% |
| Inflation in 2018 | 0.31% |