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# \$1 in 1915 → \$1.14 in 1916

### Canadian Inflation Rate, \$1 in 1915 to 1916

According to Statistics Canada consumer price index, prices in 1916 are 14.29% higher than average prices since 1915. The Canadian dollar experienced an average inflation rate of 14.29% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1915 is equivalent in purchasing power to about \$1.14 in 1916.

The 1915 inflation rate was 3.28%. The inflation rate in 1916 was 14.29%. The 1916 inflation rate is higher compared to the average inflation rate of 2.87% per year between 1916 and 2020.

 Average inflation rate 14.29% Converted amount (\$1 base) \$1.14 Price difference (\$1 base) \$0.14 CPI in 1915 6.300 CPI in 1916 7.200 Inflation in 1915 3.28% Inflation in 1916 14.29%

### How to Calculate Inflation Rate for \$1, 1915 to 1916

This inflation calculator uses the following inflation rate formula:

CPI in 1916CPI in 1915
×
=

Then plug in historical CPI values. The Canadian CPI was 6.3 in the year 1915 and 7.2 in 1916:

7.26.3
×
\$1
=
\$1.14

\$1 in 1915 has the same "purchasing power" or "buying power" as \$1.14 in 1916.

To get the total inflation rate for the 1 years between 1915 and 1916, we use the following formula:

CPI in 1916 - CPI in 1915CPI in 1915
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

7.2 - 6.36.3
×
100
=
14%

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

• French troops force Germans back into the Champagne region, suffering losses of 50,000 men and gaining several hundred yards.
• Germany uses poison gas for the first time in World War I.
• Almost 430,000 French, British, and Germans are killed in the Battle of Loos.
• The one-millionth Model T is produced by Ford Motor Company.

### 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: “\$1 in 1915 → 1916 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 24 Jan. 2020, https://www.officialdata.org/1915-CAD-in-1916?amount=1.