Canadian inflation rate in 1921: -16.07%

Canada Inflation Calculator


Canadian Inflation Rate, 1921-2017 (CA$1)

The consumer price index (CPI) in 1921 was 9.4. 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 2.78% per year. Prices in 2017 are 1287.2% higher than prices in 1921.

In other words, CA$1 in the year 1921 is equivalent to CA$13.87 in 2017, a difference of CA$12.87 over 96 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 1921 to 2017
Cumulative price change 1287.23%
Average inflation rate 2.78%
Price difference (CA$1 base) CA$12.87
CPI in 1921 9.4
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1921

Start with the inflation rate formula:

CPI in 2017 / CPI in 1921 * 1921 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1921 and 130.4 in 2017:

130.4 / 9.4 * CA$1 = CA$13.87

The "purchasing power" of CA$1 from 1921 is CA$13.87 in 2017.

News headlines from 1921

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

  • The Chinese Communist Party is founded by Chen Duxiu.
  • Alice Mary Robertson becomes the first woman to preside over the United States House of Representatives.
  • Adolf Hitler is declared leader of the National Socialist German Workers Party.

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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