Inflation in 1922 and its effect on dollar value
$1 in 1921 is equivalent in purchasing power to about $0.92 in 1922. The dollar had an average deflation rate of -7.85% per year since 1921, producing a cumulative price change of -7.85%. Purchasing power increased by 7.85% in 1922 compared to 1921. On average, you would have to spend 7.85% less money in 1922 than in 1921 for the same item. This is an example of deflation.
This means that prices in 1922 are 7.85% lower than average prices since 1921, according to Statistics Canada consumer price index.
The inflation rate in 1921 was -12.11%. The inflation rate in 1922 was -7.85%. The 1922 inflation rate is lower compared to the average inflation rate of 2.83% per year between 1922 and 2024.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1922 was 9.20. It was 9.98 in the previous year, 1921. The difference in CPI between the years is used by Statistics Canada to officially determine inflation. Because the 1922 CPI is less than 1921 CPI, negative inflation (also known as deflation) has occurred.
⌃
| Average inflation rate | -7.85% |
| Converted amount $1 base | $0.92 |
| Price difference $1 base | $-0.08 |
| CPI in 1921 | 9.983 |
| CPI in 1922 | 9.200 |
| Inflation in 1921 | -12.11% |
| Inflation in 1922 | -7.85% |
| $1 in 1921 | $0.92 in 1922 |
How to calculate inflation rate for $1, 1921 to 1922
Our calculations use the following inflation rate formula to calculate the change in value between 1921 and 1922:
CPI in 1922 CPI in 1921
×
1921 CAD value
=
1922 CAD value
Then plug in historical CPI values. The Canadian CPI was 9.983333333 in the year 1921 and 9.2 in 1922:
9.29.983333333
×
$1
=
$0.92
$1 in 1921 has the same "purchasing power" or "buying power" as $0.92 in 1922.
To get the total inflation rate for the 1 years between 1921 and 1922, we use the following formula:
CPI in 1922 - CPI in 1921CPI in 1921
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
9.2 - 9.9833333339.983333333
×
100
=
-8%
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 1922 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Apr. 2024, https://www.officialdata.org/CAD-inflation-rate-in-1922.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Average inflation rate | -7.85% |
| Converted amount $1 base | $0.92 |
| Price difference $1 base | $-0.08 |
| CPI in 1921 | 9.983 |
| CPI in 1922 | 9.200 |
| Inflation in 1921 | -12.11% |
| Inflation in 1922 | -7.85% |
| $1 in 1921 | $0.92 in 1922 |