Purchasing power decreased by 9.80% in 1920 compared to the previous year, 1919. On average, you would have to spend 9.80% more money in 1920 than in 1919 for the same item.
In other words, CA$1 in 1919 is equivalent in purchasing power to CA$1.10 in 1920.
The 1919 inflation rate was 8.51%. The inflation rate in 1920 was 9.80%. The 1920 inflation rate is higher compared to the average inflation rate of 2.53% per year between 1920 and 2019.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1920 was 11.2. It was 10.2 in the previous year, 1919. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
|Average inflation rate||9.80%|
|Converted amount (CA$1 base)||CA$1.10|
|Price difference (CA$1 base)||CA$0.10|
|CPI in 1919||10.200|
|CPI in 1920||11.200|
|Inflation in 1919||8.51%|
|Inflation in 1920||9.80%|
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 10.2 in the year 1919 and 11.2 in 1920:
CA$1 in 1919 has the same "purchasing power" or "buying power" as CA$1.10 in 1920.
To get the total inflation rate for the 1 years between 1919 and 1920, 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 1920 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jan. 2019, https://www.officialdata.org/CAD-inflation-rate-in-1920.
in2013dollars.com is a reference website maintained by the Official Data Foundation.