Canadian inflation rate in 1929: 2.17%

Canada Inflation Calculator


Canadian Inflation Rate, 1929-2017 (CA$1)

The consumer price index (CPI) in 1929 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 3.03% per year. Prices in 2017 are 1287.2% higher than prices in 1929.

In other words, CA$1 in the year 1929 is equivalent to CA$13.87 in 2017, a difference of CA$12.87 over 88 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 1929 to 2017
Cumulative price change 1287.23%
Average inflation rate 3.03%
Price difference (CA$1 base) CA$12.87
CPI in 1929 9.4
CPI in 2017 130.4

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1929

Start with the inflation rate formula:

CPI in 2017 / CPI in 1929 * 1929 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1929 and 130.4 in 2017:

130.4 / 9.4 * CA$1 = CA$13.87

CA$1 in 1929 has the same "purchasing power" as CA$13.87 in 2017.

News headlines from 1929

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

  • The World's smallest country, the Vatican City, is made a Roman enclave
  • Seven gangsters are killed in Chicago (allegedly on) Al Capone's orders, the event is now known as St Valentine's Day Massacre.
  • A final solution of a border dispute between Chile and Peru is reached after the signing of the Treaty of Lima.
  • Beginning of the Great Depression with stock market crash known as "Black Thursday"
  • ‘Black Thursday’, leads to the Wall Street crash, the biggest depression in the history of the world.

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

» Read more about inflation.