Canadian inflation rate in 1931: -10.23%

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Canadian Inflation Rate, 1931-2017 (CA$1)

The consumer price index (CPI) in 1931 was 7.9. 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 3.31% per year. Prices in 2017 are 1550.6% higher than prices in 1931.

In other words, CA$1 in the year 1931 is equivalent to CA$16.51 in 2017, a difference of CA$15.51 over 86 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 1931 to 2017
Cumulative price change 1550.63%
Average inflation rate 3.31%
Price difference (CA$1 base) CA$15.51
CPI in 1931 7.9
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1931

Start with the inflation rate formula:

CPI in 2017 / CPI in 1931 * 1931 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.9 in the year 1931 and 130.4 in 2017:

130.4 / 7.9 * CA$1 = CA$16.51

CA$1 in 1931 has the same "purchasing power" as CA$16.51 in 2017.


News headlines from 1931

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

  • The Empire State Building opens in New York
  • A railway explosion is faked by the Japanese in order to create a pretext for their Manchuria invasion.
  • Proclamation of the Chinese People's Republic by Mao Zedong

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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