Canadian inflation rate in 1922: -2.13%

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Inflation in 1922 and Its Effect on Dollar Value

Purchasing power increased by 2.13% in 1922 compared to the previous year, 1921. On average, you would have to spend 2.13% less money in 1922 than in 1921 for the same item. This is an example of deflation.

In other words, CA$1 in 1921 is equivalent in purchasing power to CA$0.98 in 1922.

The 1921 inflation rate was -16.07%. The inflation rate in 1922 was -2.13%. The 1922 inflation rate is lower compared to the average inflation rate of 2.82% per year between 1922 and 2018.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1922 was 9.2. It was 9.4 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.


Inflation from 1921 to 1922
Average inflation rate -2.13%
Converted amount (CA$1 base) CA$0.98
Price difference (CA$1 base) CA$-0.02
CPI in 1921 9.400
CPI in 1922 9.200
Inflation in 1921 -16.07%
Inflation in 1922 -2.13%


CAD inflation chart from 1914 to 2017


How to Calculate Inflation Rate for CA$1, 1921 to 1922

This inflation calculator uses the following inflation rate formula:

CPI in 1922CPI in 1921
×
1921 CAD value
=
1922 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1921 and 9.2 in 1922:

9.29.4
×
CA$1
=
CA$0.98

CA$1 in 1921 has the same "purchasing power" or "buying power" as CA$0.98 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 - 9.49.4
×
100
=
-2%

News headlines from 1921

Politics and news often influence economic performance. Here's what was happening at the time:

  • 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.

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.” U.S. Official Inflation Data, Alioth Finance, 16 Dec. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1922.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


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