Canadian inflation rate in 1916: 14.29%

Canada Inflation Calculator


Canadian Inflation Rate, 1916-2018 (CA$1)

The consumer price index (CPI) in 1916 was 7.2. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.88% per year. Prices in 2018 are 1718.1% higher than prices in 1916.

In other words, CA$1 in the year 1916 is equivalent in purchasing power to CA$18.18 in 2018, a difference of CA$17.18 over 102 years.

The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.

Inflation from 1916 to 2018
Cumulative price change 1718.06%
Average inflation rate 2.88%
Price difference (CA$1 base) CA$17.18
CPI in 1916 7.2
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1916

Start with the inflation rate formula:

CPI in 2018 / CPI in 1916 * 1916 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.2 in the year 1916 and 130.9 in 2018:

130.9 / 7.2 * CA$1 = CA$18.18

CA$1 in 1916 has the same "purchasing power" as CA$18.18 in 2018.

News headlines from 1916

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

  • Ottoman forces successfully defend access to Constantinople, leading to ANZAC forces withdrawal from the Gallipoli Peninsula.
  • An estimated 1 million men are killed during the Battle of Verdun.
  • The Easter Rising ends after Irish republicans abandon the post office in Dublin and surrenders.
  • Tanks known as 'Little Willies' are used for the first time at the Battle of the Somme.
  • The first aerial combat in France is won by Manfred von Richthofen, known as The Red Baron, German Luftstreitkrafte flying ace.

Inflation Data Source

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 1916 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 26 Apr. 2018,

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