Canadian inflation rate in 1917: 15.28%

Canada Inflation Calculator


Canadian Inflation Rate, 1917-2018 (CA$1)

The consumer price index (CPI) in 1917 was 8.3. 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 2.77% per year. Prices in 2018 are 1477.1% higher than prices in 1917.

In other words, CA$1 in the year 1917 is equivalent in purchasing power to CA$15.77 in 2018, a difference of CA$14.77 over 101 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 1917 to 2018
Cumulative price change 1477.11%
Average inflation rate 2.77%
Price difference (CA$1 base) CA$14.77
CPI in 1917 8.3
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1917

Start with the inflation rate formula:

CPI in 2018 / CPI in 1917 * 1917 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.3 in the year 1917 and 130.9 in 2018:

130.9 / 8.3 * CA$1 = CA$15.77

CA$1 in 1917 has the same "purchasing power" as CA$15.77 in 2018.

News headlines from 1917

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

  • The Russian "February Revolution" begins alongside protests celebrating Women's Day and St Petersburg riots.
  • Tsar Nicholas II abdicates, nominating his brother, Grand Duke Michael, to succeed him.
  • President Wilson asks US Congress to declare war against Germany.
  • Vladimir Lenin issues the "April Theses" appealing for Soviets to take power during Russian Revolution.
  • Leon Trotsky becomes chairman of the Petrograd Soviet after the Bolsheviks gain control.

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 1917 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Feb. 2018,

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