# Canadian inflation rate in 1927: -1.45%

\$

## Inflation in 1927 and its effect on dollar value

\$1 in 1926 is equivalent in purchasing power to about \$0.99 in 1927. The dollar had an average deflation rate of -1.45% per year since 1926, producing a cumulative price change of -1.45%. Purchasing power increased by 1.45% in 1927 compared to 1926. On average, you would have to spend 1.45% less money in 1927 than in 1926 for the same item. This is an example of deflation.

This means that prices in 1927 are 1.45% lower than average prices since 1926, according to Statistics Canada consumer price index.

The inflation rate in 1926 was 0.73%. The inflation rate in 1927 was -1.45%. The 1927 inflation rate is lower compared to the average inflation rate of 3.01% per year between 1927 and 2022.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1927 was 9.07. It was 9.20 in the previous year, 1926. The difference in CPI between the years is used by Statistics Canada to officially determine inflation. Because the 1927 CPI is less than 1926 CPI, negative inflation (also known as deflation) has occurred.

 Average inflation rate -1.45% Converted amount (\$1 base) \$0.99 Price difference (\$1 base) \$-0.01 CPI in 1926 9.200 CPI in 1927 9.067 Inflation in 1926 0.73% Inflation in 1927 -1.45% \$1 in 1926 \$0.99 in 1927

## How to calculate inflation rate for \$1, 1926 to 1927

Our calculations use the following inflation rate formula to calculate the change in value between 1926 and 1927:

CPI in 1927 CPI in 1926
×
=

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1926 and 9.066666667 in 1927:

9.0666666679.2
×
\$1
=
\$0.99

\$1 in 1926 has the same "purchasing power" or "buying power" as \$0.99 in 1927.

To get the total inflation rate for the 1 years between 1926 and 1927, we use the following formula:

CPI in 1927 - CPI in 1926CPI in 1926
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.066666667 - 9.29.2
×
100
=
-1%

## 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 1927 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 7 Aug. 2022, https://www.officialdata.org/CAD-inflation-rate-in-1927.

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. 