\$1 in 1919 is worth \$0.91 in 1919

\$

Value of \$1 from 1920 to 1919

According to Statistics Canada consumer price index, prices in 1919 are 8.93% lower than average prices since 1920. The Canadian dollar experienced an average inflation rate of 9.80% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1 in 1920 is equivalent in purchasing power to about \$0.91 in 1919.

The 1919 inflation rate was 8.51%. The inflation rate in 1920 was 9.80%. The 1920 inflation rate is higher compared to the average inflation rate of 2.53% per year between 1920 and 2020.

 Average inflation rate 9.80% Converted amount (\$1 base) \$0.91 Price difference (\$1 base) \$-0.09 CPI in 1920 11.200 CPI in 1919 10.200 Inflation in 1919 8.51% Inflation in 1920 9.80%

How to Calculate Inflation Rate for \$1, 1919 to 1920

Our calculations use the following inflation rate formula to calculate the change in value between 1919 and 1920:

CPI in 1919 CPI in 1920
×
=

Then plug in historical CPI values. The Canadian CPI was 11.2 in the year 1920 and 10.2 in 1919:

10.211.2
×
\$1
=
\$0.91

\$1 in 1920 has the same "purchasing power" or "buying power" as \$0.91 in 1919.

To get the total inflation rate for the 1 years between 1919 and 1920, we use the following formula:

CPI in 1919 - CPI in 1920CPI in 1920
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

10.2 - 11.211.2
×
100
=
-9%

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

• The League of Nations' first assembly takes place in Paris.
• The British Parliament passes the Fourth Home Rule Act, dividing Ireland into two parts and leading to a yearlong Anglo-Irish war in the southern counties.
• The Catholic Church canonizes Joan of Arc, formally making her a saint.
• The 19th Amendment to the constitution is ratified, granting U.S. woman suffrage for the first time.

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: “\$1 in 1920 → 1919 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Jun. 2020, https://www.officialdata.org/canada/inflation/1920?amount=1&endYear=1919.