Canadian inflation rate in 1919: 8.51%

Canada Inflation Calculator

CA$

Inflation in 1919 and Its Effect on Dollar Value

Purchasing power decreased by 8.51% in 1919 compared to the previous year, 1918. On average, you would have to spend 8.51% more money in 1919 than in 1918 for the same item.

In other words, CA$1 in 1918 is equivalent in purchasing power to CA$1.09 in 1919.

The 1918 inflation rate was 13.25%. The inflation rate in 1919 was 8.51%. The 1919 inflation rate is higher compared to the average inflation rate of 2.63% per year between 1919 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1919 was 10.2. It was 9.4 in the previous year, 1918. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.


Inflation from 1918 to 1919
Average inflation rate 8.51%
Converted amount (CA$1 base) CA$1.09
Price difference (CA$1 base) CA$0.09
CPI in 1918 9.400
CPI in 1919 10.200
Inflation in 1918 13.25%
Inflation in 1919 8.51%


CAD inflation chart from 1914 to 2017


How to Calculate Inflation Rate for CA$1, 1918 to 1919

This inflation calculator uses the following inflation rate formula:

CPI in 1919CPI in 1918
×
1918 CAD value
=
1919 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1918 and 10.2 in 1919:

10.29.4
×
CA$1
=
CA$1.09

CA$1 in 1918 has the same "purchasing power" or "buying power" as CA$1.09 in 1919.

To get the total inflation rate for the 1 years between 1918 and 1919, we use the following formula:

CPI in 1919 - CPI in 1918CPI in 1918
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

10.2 - 9.49.4
×
100
=
9%

News headlines from 1918

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

  • First recorded case of Spanish flu in Kansas, marking the beginning of a worldwide pandemic killing millions.
  • The Bolshevik Party changes its name to the Communist Party.
  • Moscow is declared the capital of Russia.
  • Tsar Nicholas II of Russia is executed along with his family by a Bolshevik squad in Ekaterinburg.

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 1919 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1919.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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