CA$100 in 1923 → CA$667.39 in 1984

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1923-1984 (CA$100)

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.16% per year. Prices in 1984 are 567.4% higher than prices in 1923.

In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$667.39 in 1984, a difference of CA$567.39 over 61 years.

The inflation rate in 1984 was 3.72%.

Inflation from 1923 to 1984
Cumulative price change 567.39%
Average inflation rate 3.16%
Price difference (CA$100 base) CA$567.39
CPI in 1923 9.2
CPI in 1984 61.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100, 1923 to 1984

This inflation calculator uses the following inflation rate formula:

CPI in 1984 / CPI in 1923 * 1923 CAD value = 1984 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1923 and 61.4 in 1984:

61.4 / 9.2 * CA$100 = CA$667.39

CA$100 in 1923 has the same "purchasing power" as CA$667.39 in 1984.


News headlines from 1923

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

  • The inner burial chamber of the Pharaoh Tutankhamun's tomb is opened, leading to the finding of the sarcophagus by Howard Carter.
  • The Disney Brothers Cartoon Studio is founded.
  • Lenin's "Political Testament" is issued which calls for Stalin's removal.
  • In Germany, 5,000 storm troopers demonstrate against the 'November crime', Hitler is arrested after seeking to take advantage of the chaotic conditions.

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: “1923 dollars in 1984 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1923-CAD-in-1984.


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