# Canadian inflation rate in 1919: 9.53%

\$

## Inflation in 1919 and its effect on dollar value

\$1 in 1918 is equivalent in purchasing power to about \$1.10 in 1919. The dollar had an average inflation rate of 9.53% per year between 1918 and 1919, producing a cumulative price increase of 9.53%. Purchasing power decreased by 9.53% in 1919 compared to 1918. On average, you would have to spend 9.53% more money in 1919 than in 1918 for the same item.

This means that prices in 1919 are 1.10 times as high as average prices since 1918, according to Statistics Canada consumer price index.

The inflation rate in 1918 was 13.11%. The inflation rate in 1919 was 9.53%. The 1919 inflation rate is higher compared to the average inflation rate of 2.74% per year between 1919 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1919 was 9.77. It was 8.92 in the previous year, 1918. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 9.53% Converted amount\$1 base \$1.10 Price difference\$1 base \$0.10 CPI in 1918 8.917 CPI in 1919 9.767 Inflation in 1918 13.11% Inflation in 1919 9.53% \$1 in 1918 \$1.10 in 1919

## How to calculate inflation rate for \$1, 1918 to 1919

Our calculations use the following inflation rate formula to calculate the change in value between 1918 and 1919:

CPI in 1919 CPI in 1918
×
=

Then plug in historical CPI values. The Canadian CPI was 8.916666667 in the year 1918 and 9.766666667 in 1919:

9.7666666678.916666667
×
\$1
=
\$1.10

\$1 in 1918 has the same "purchasing power" or "buying power" as \$1.10 in 1919.

To get the total inflation rate for the 1 years between 1918 and 1919, we use the following formula:

CPI in 1919 - CPI in 1918CPI in 1918
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.766666667 - 8.9166666678.916666667
×
100
=
10%

## 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 1919 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 21 Sep. 2023, https://www.officialdata.org/CAD-inflation-rate-in-1919.

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. 