Canadian inflation rate in 1918: 13.25%

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1918-2018 (CA$100)

The consumer price index (CPI) in 1918 was 9.4. 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 2.67% per year. Prices in 2018 are 1292.6% higher than prices in 1918.

In other words, CA$100 in the year 1918 is equivalent in purchasing power to CA$1,392.55 in 2018, a difference of CA$1,292.55 over 100 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 1918 to 2018
Cumulative price change 1292.55%
Average inflation rate 2.67%
Price difference (CA$100 base) CA$1,292.55
CPI in 1918 9.4
CPI in 2018 130.9


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100 since 1918

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1918 * 1918 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.4 in the year 1918 and 130.9 in 2018:

130.9 / 9.4 * CA$100 = CA$1,392.55

CA$100 in 1918 has the same "purchasing power" as CA$1,392.55 in 2018.


News headlines from 1918

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

  • First recorded case of Spanish flu in Kansas, marking the beginning of a worldwide pandemic killing millions.
  • The Bolshevik Party changes its name to the Communist Party.
  • Moscow is declared the capital of Russia.
  • Tsar Nicholas II of Russia is executed along with his family by a Bolshevik squad in Ekaterinburg.

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 1918 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2018, https://www.officialdata.org/CAD-inflation-rate-in-1918.


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