# Canadian inflation rate in 1915: 2.08%

\$

## Inflation in 1915 and its effect on dollar value

\$1 in 1914 is equivalent in purchasing power to about \$1.02 in 1915. The dollar had an average inflation rate of 2.08% per year between 1914 and 1915, producing a cumulative price increase of 2.08%. Purchasing power decreased by 2.08% in 1915 compared to 1914. On average, you would have to spend 2.08% more money in 1915 than in 1914 for the same item.

This means that prices in 1915 are 1.02 times as high as average prices since 1914, according to Statistics Canada consumer price index.

The inflation rate in 1914 was NaN%. The inflation rate in 1915 was 2.08%. The 1915 inflation rate is lower compared to the average inflation rate of 3.08% per year between 1915 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1915 was 6.13. It was 6.01 in the previous year, 1914. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 2.08% Converted amount\$1 base \$1.02 Price difference\$1 base \$0.02 CPI in 1914 6.008 CPI in 1915 6.133 Inflation in 1914 0.00% Inflation in 1915 2.08% \$1 in 1914 \$1.02 in 1915

## How to calculate inflation rate for \$1, 1914 to 1915

Our calculations use the following inflation rate formula to calculate the change in value between 1914 and 1915:

CPI in 1915 CPI in 1914
×
=

Then plug in historical CPI values. The Canadian CPI was 6.008333333 in the year 1914 and 6.133333333 in 1915:

6.1333333336.008333333
×
\$1
=
\$1.02

\$1 in 1914 has the same "purchasing power" or "buying power" as \$1.02 in 1915.

To get the total inflation rate for the 1 years between 1914 and 1915, we use the following formula:

CPI in 1915 - CPI in 1914CPI in 1914
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

6.133333333 - 6.0083333336.008333333
×
100
=
2%

## 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 1915 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Sep. 2023, https://www.officialdata.org/CAD-inflation-rate-in-1915.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

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