Canadian inflation rate in 1922: -2.13%

Canada Inflation Calculator


Canadian Inflation Rate, 1922-2017 (CA$1)

The consumer price index (CPI) in 1922 was 9.2. 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 2.83% per year. Prices in 2017 are 1317.4% higher than prices in 1922.

In other words, CA$1 in the year 1922 is equivalent to CA$14.17 in 2017, a difference of CA$13.17 over 95 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 1922 to 2017
Cumulative price change 1317.39%
Average inflation rate 2.83%
Price difference (CA$1 base) CA$13.17
CPI in 1922 9.2
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1922

Start with the inflation rate formula:

CPI in 2017 / CPI in 1922 * 1922 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1922 and 130.4 in 2017:

130.4 / 9.2 * CA$1 = CA$14.17

The "purchasing power" of CA$1 from 1922 is CA$14.17 in 2017.

News headlines from 1922

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

  • Egypt's independence is granted by Great Britain
  • Mahatma Gandhi is sentenced to six years imprisonment for disobedience
  • Stalin is appointed General Secretary of the Russian Communist Party
  • The Ottoman Empire's last sultan Mehmed VI is expelled to Malta on British warship.

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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