Canadian inflation rate in 1918: 13.11%

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Inflation in 1918 and its effect on dollar value

$1 in 1917 is equivalent in purchasing power to about $1.13 in 1918. The dollar had an average inflation rate of 13.11% per year between 1917 and 1918, producing a cumulative price increase of 13.11%. Purchasing power decreased by 13.11% in 1918 compared to 1917. On average, you would have to spend 13.11% more money in 1918 than in 1917 for the same item.

This means that prices in 1918 are 1.13 times as high as average prices since 1917, according to Statistics Canada consumer price index.

The inflation rate in 1917 was 17.96%. The inflation rate in 1918 was 13.11%. The 1918 inflation rate is higher compared to the average inflation rate of 2.75% per year between 1918 and 2024.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1918 was 8.92. It was 7.88 in the previous year, 1917. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

⌃
Inflation from 1917 to 1918
Average inflation rate13.11%
Converted amount
$1 base		$1.13
Price difference
$1 base		$0.13
CPI in 19177.883
CPI in 19188.917
Inflation in 191717.96%
Inflation in 191813.11%
$1 in 1917$1.13 in 1918
Recent CAD inflation
Annual Rate, Statistics Canada CPI
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How to calculate inflation rate for $1, 1917 to 1918

Our calculations use the following inflation rate formula to calculate the change in value between 1917 and 1918:

CPI in 1918 CPI in 1917
×
1917 CAD value
=
1918 CAD value

Then plug in historical CPI values. The Canadian CPI was 7.883333333 in the year 1917 and 8.916666667 in 1918:

8.9166666677.883333333
×
$1
=
$1.13

$1 in 1917 has the same "purchasing power" or "buying power" as $1.13 in 1918.

To get the total inflation rate for the 1 years between 1917 and 1918, we use the following formula:

CPI in 1918 - CPI in 1917CPI in 1917
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

8.916666667 - 7.8833333337.883333333
×
100
=
13%

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 1918 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 11 Dec. 2024, https://www.officialdata.org/CAD-inflation-rate-in-1918.

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.

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1917 to 1918
Average inflation rate13.11%
Converted amount
$1 base		$1.13
Price difference
$1 base		$0.13
CPI in 19177.883
CPI in 19188.917
Inflation in 191717.96%
Inflation in 191813.11%
$1 in 1917$1.13 in 1918