Canadian inflation rate in 1920: 9.80%

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Canadian Inflation Rate, 1920-2017 (CA$1)

The consumer price index (CPI) in 1920 was 11.2. 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 2.56% per year. Prices in 2017 are 1064.3% higher than prices in 1920.

In other words, CA$1 in the year 1920 is equivalent to CA$11.64 in 2017, a difference of CA$10.64 over 97 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 1920 to 2017
Cumulative price change 1064.29%
Average inflation rate 2.56%
Price difference (CA$1 base) CA$10.64
CPI in 1920 11.2
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1920

Start with the inflation rate formula:

CPI in 2017 / CPI in 1920 * 1920 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 11.2 in the year 1920 and 130.4 in 2017:

130.4 / 11.2 * CA$1 = CA$11.64

CA$1 in 1920 has the same "purchasing power" as CA$11.64 in 2017.


News headlines from 1920

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

  • The League of Nations' first assembly takes place in Paris.
  • The British Parliament passes the Fourth Home Rule Act, dividing Ireland into two parts and leading to a yearlong Anglo-Irish war in the southern counties.
  • The Catholic Church canonizes Joan of Arc, formally making her a saint.
  • The 19th Amendment to the constitution is ratified granting U.S. woman suffrage for the first time.

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


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