Canadian inflation rate in 1915: 3.28%

Canada Inflation Calculator

CA$

Inflation in 1915 and Its Effect on Dollar Value

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.


Inflation from 1914 to 1915
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%


CAD inflation chart from 1914 to 2017


How to Calculate Inflation Rate for CA$1, 1914 to 1915

This inflation calculator uses the following inflation rate formula:

CPI in 1915CPI in 1914
×
1914 CAD value
=
1915 CAD value

Then plug in historical CPI values. The Canadian CPI was 6.1 in the year 1914 and 6.3 in 1915:

6.36.1
×
CA$1
=
CA$1.03

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:

CPI in 1915 - CPI in 1914CPI in 1914
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

6.3 - 6.16.1
×
100
=
3%

News headlines from 1914

Politics and news often influence economic performance. Here's what was happening at the time:

  • The Model T assembly line is introduced by Henry Ford's company.
  • The first successful blood transfusion happens in Brussels, Belgium.
  • The Assassination of Franz Ferdinand, an Austrian prince, and his wife Sophie by Serbian nationalist Gavrilo Princip in Sarayevo signals the start of World War I.
  • Austria-Hungary declares war on Serbia, officially beginning World War I.
  • Germany declares war on France and Belgium in World War I.

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: “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.


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