Purchasing power decreased by 13.25% in 1918 compared to the previous year, 1917. On average, you would have to spend 13.25% more money in 1918 than in 1917 for the same item.
In other words, CA$1 in 1917 is equivalent in purchasing power to CA$1.13 in 1918.
The 1917 inflation rate was 15.28%. The inflation rate in 1918 was 13.25%. The 1918 inflation rate is higher compared to the average inflation rate of 2.66% per year between 1918 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1918 was 9.4. It was 8.3 in the previous year, 1917. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||13.25%|
|Converted amount (CA$1 base)||CA$1.13|
|Price difference (CA$1 base)||CA$0.13|
|CPI in 1917||8.300|
|CPI in 1918||9.400|
|Inflation in 1917||15.28%|
|Inflation in 1918||13.25%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 8.3 in the year 1917 and 9.4 in 1918:
CA$1 in 1917 has the same "purchasing power" or "buying power" as CA$1.13 in 1918.
To get the total inflation rate for the 1 years between 1917 and 1918, 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 1918 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 Mar. 2019, https://www.officialdata.org/CAD-inflation-rate-in-1918.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.