Purchasing power decreased by 3.28% in 1915 compared to 1914. On average, you would have to spend 3.28% more money in 1915 than in 1914 for the same item.

In other words, $1 in 1914 is equivalent in purchasing power to about $1.03 in 1915.

The 1914 inflation rate was NaN%. The inflation rate in 1915 was 3.28%. The 1915 inflation rate is higher compared to the average inflation rate of 2.97% per year between 1915 and 2020.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1915 was 6.30. It was 6.10 in the previous year, 1914. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

⌃

Average inflation rate | 3.28% |

Converted amount ($1 base) | $1.03 |

Price difference ($1 base) | $0.03 |

CPI in 1914 | 6.100 |

CPI in 1915 | 6.300 |

Inflation in 1914 | 0.00% |

Inflation in 1915 | 3.28% |

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

CPI in 1915
CPI in 1914

×

1914 CAD value

=

1915 CAD value

Then plug in historical CPI values. The Canadian CPI was 6.1 in the year 1914 and 6.3 in 1915:

6.36.1

×

$1

=

$1 in 1914 has the same "purchasing power" or "buying power" as $1.03 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

=

Plugging in the values to this equation, we get:

6.3 - 6.16.1

×

100

=

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

- The Model T assembly line is introduced by Henry Ford's company.
- The first successful blood transfusion happens in Brussels, Belgium.
- The Assassination of Franz Ferdinand, an Austrian prince, and his wife Sophie by Serbian nationalist Gavrilo Princip in Sarayevo signals the start of World War I.
- Austria-Hungary declares war on Serbia, officially beginning World War I.
- Germany declares war on France and Belgium in World War I.

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, 27 Nov. 2020, 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.

Average inflation rate | 3.28% |

Converted amount ($1 base) | $1.03 |

Price difference ($1 base) | $0.03 |

CPI in 1914 | 6.100 |

CPI in 1915 | 6.300 |

Inflation in 1914 | 0.00% |

Inflation in 1915 | 3.28% |