Canadian inflation rate in 1920: 9.80%

Canada Inflation Calculator


Canadian Inflation Rate, 1920-2018 (CA$100)

The consumer price index (CPI) in 1920 was 11.2. 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 2.54% per year. Prices in 2018 are 1068.8% higher than prices in 1920.

In other words, CA$100 in the year 1920 is equivalent in purchasing power to CA$1,168.75 in 2018, a difference of CA$1,068.75 over 98 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 1920 to 2018
Cumulative price change 1068.75%
Average inflation rate 2.54%
Price difference (CA$100 base) CA$1,068.75
CPI in 1920 11.2
CPI in 2018 130.9

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$100 since 1920

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1920 * 1920 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 11.2 in the year 1920 and 130.9 in 2018:

130.9 / 11.2 * CA$100 = CA$1,168.75

CA$100 in 1920 has the same "purchasing power" as CA$1,168.75 in 2018.

News headlines from 1920

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.

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 1920 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018,

» Read more about inflation.