Canadian inflation rate in 1917: 15.28%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1917-2018 (CA$100)

The consumer price index (CPI) in 1917 was 8.3. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.77% per year. Prices in 2018 are 1477.1% higher than prices in 1917.

In other words, CA$100 in the year 1917 is equivalent in purchasing power to CA$1,577.11 in 2018, a difference of CA$1,477.11 over 101 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 0.38%1. If this number holds, CA$100 today would be equivalent to CA$100.38 next year.

Inflation from 1917 to 2018
Cumulative price change 1477.11%
Average inflation rate 2.77%
Price difference (CA$100 base) CA$1,477.11
CPI in 1917 8.3
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 1917

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1917 * 1917 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 8.3 in the year 1917 and 130.9 in 2018:

130.9 / 8.3 * CA$100 = CA$1,577.11

CA$100 in 1917 has the same "purchasing power" as CA$1,577.11 in 2018.


News headlines from 1917

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

  • The Russian "February Revolution" begins alongside protests celebrating Women's Day and St Petersburg riots.
  • Tsar Nicholas II abdicates, nominating his brother, Grand Duke Michael, to succeed him.
  • President Wilson asks US Congress to declare war against Germany.
  • Vladimir Lenin issues the "April Theses" appealing for Soviets to take power during Russian Revolution.
  • Leon Trotsky becomes chairman of the Petrograd Soviet after the Bolsheviks gain control.

Inflation Data Source

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 1917 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1917.


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