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