According to Statistics Canada consumer price index, prices in 1927 are
18.75% lower than
average prices since 1920.
The Canadian dollar experienced an average **deflation** rate of -2.92% per year during this period, causing the real value of a dollar to increase.

In other words, $1 in 1920 is equivalent in purchasing power to about $0.81 in 1927, a difference of $-0.19 over 7 years.

The 1920 inflation rate was 9.80%. The inflation rate in 1927 was -1.09%. The 1927 inflation rate is lower compared to the average inflation rate of 2.95% per year between 1927 and 2020.

⌃

Cumulative price change | -18.75% |

Average inflation rate | -2.92% |

Converted amount ($1 base) | $0.81 |

Price difference ($1 base) | $-0.19 |

CPI in 1920 | 11.200 |

CPI in 1927 | 9.100 |

Inflation in 1920 | 9.80% |

Inflation in 1927 | -1.09% |

This chart shows a calculation of buying power equivalence for $1 in 1920 (price index tracking began in 1914).

For example, if you started with $1, you would need to end with $0.81 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1920 amounts in 1927 dollars, based on the -18.75% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1920 | $0.81 dollars in 1927 |

$5 dollars in 1920 | $4.06 dollars in 1927 |

$10 dollars in 1920 | $8.13 dollars in 1927 |

$50 dollars in 1920 | $40.63 dollars in 1927 |

$100 dollars in 1920 | $81.25 dollars in 1927 |

$500 dollars in 1920 | $406.25 dollars in 1927 |

$1,000 dollars in 1920 | $812.50 dollars in 1927 |

$5,000 dollars in 1920 | $4,062.50 dollars in 1927 |

$10,000 dollars in 1920 | $8,125.00 dollars in 1927 |

$50,000 dollars in 1920 | $40,625.00 dollars in 1927 |

$100,000 dollars in 1920 | $81,250.00 dollars in 1927 |

$500,000 dollars in 1920 | $406,250.00 dollars in 1927 |

$1,000,000 dollars in 1920 | $812,500.00 dollars in 1927 |

Our calculations use the following inflation rate formula to calculate the change in value between 1920 and 1927:

CPI in 1927
CPI in 1920

×

1920 CAD value

=

1927 CAD value

Then plug in historical CPI values. The Canadian CPI was 11.2 in the year 1920 and 9.1 in 1927:

9.111.2

×

$1

=

$1 in 1920 has the same "purchasing power" or "buying power" as $0.81 in 1927.

To get the total inflation rate for the 7 years between 1920 and 1927, we use the following formula:

CPI in 1927 - CPI in 1920CPI in 1920

×

100

=

Plugging in the values to this equation, we get:

9.1 - 11.211.2

×

100

=

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.

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 → 1927 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 5 Dec. 2020, https://www.officialdata.org/canada/inflation/1920?amount=1&endYear=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.

Cumulative price change | -18.75% |

Average inflation rate | -2.92% |

Converted amount ($1 base) | $0.81 |

Price difference ($1 base) | $-0.19 |

CPI in 1920 | 11.200 |

CPI in 1927 | 9.100 |

Inflation in 1920 | 9.80% |

Inflation in 1927 | -1.09% |