Canadian inflation rate in 1917: 15.28%

Canada Inflation Calculator


Canadian Inflation Rate, 1917-2017 (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, the dollar experienced an average inflation rate of 2.79% per year. Prices in 2017 are 1471.1% higher than prices in 1917.

In other words, CA$1 in the year 1917 is equivalent to CA$15.71 in 2017, a difference of CA$14.71 over 100 years.

The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.

Inflation from 1917 to 2017
Cumulative price change 1471.08%
Average inflation rate 2.79%
Price difference (CA$1 base) CA$14.71
CPI in 1917 8.3
CPI in 2017 130.4

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 2017 / CPI in 1917 * 1917 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.3 in the year 1917 and 130.4 in 2017:

130.4 / 8.3 * CA$1 = CA$15.71

CA$1 in 1917 has the same "purchasing power" as CA$15.71 in 2017.

News headlines from 1917

Politics and news often play an important role in economic performance.

  • 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: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

» Read more about inflation.