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.
|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%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1918 and 10.2 in 1919:
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:
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 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.