According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.87% per year. Prices in 1980 are 402.2% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$502.17 in 1980, a difference of CA$402.17 over 57 years.
The inflation rate in 1980 was 11.06%.
|Cumulative price change||402.17%|
|Average inflation rate||2.87%|
|Price difference (CA$100 base)||CA$402.17|
|CPI in 1923||9.2|
|CPI in 1980||46.2|
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: “1923 dollars in 1980 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 May. 2018, https://www.officialdata.org/1923-CAD-in-1980.