Purchasing power decreased by 3.28% in 1915 compared to the previous year, 1914. On average, you would have to spend 3.28% more money in 1915 than in 1914 for the same item.
In other words, CA$1 in 1914 is equivalent in purchasing power to CA$1.03 in 1915.
The 1914 inflation rate was NaN%. The inflation rate in 1915 was 3.28%. The 1915 inflation rate is higher compared to the average inflation rate of 3.01% per year between 1915 and 2018.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1915 was 6.3. It was 6.1 in the previous year, 1914. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||3.28%|
|Converted amount (CA$1 base)||CA$1.03|
|Price difference (CA$1 base)||CA$0.03|
|CPI in 1914||6.100|
|CPI in 1915||6.300|
|Inflation in 1914||0.00%|
|Inflation in 1915||3.28%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 6.1 in the year 1914 and 6.3 in 1915:
CA$1 in 1914 has the same "purchasing power" or "buying power" as CA$1.03 in 1915.
To get the total inflation rate for the 1 years between 1914 and 1915, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “Inflation Rate in 1915 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Dec. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1915.
in2013dollars.com is a reference website maintained by the Official Data Foundation.