According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.21% per year. Prices in 1987 are 656.5% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$756.52 in 1987, a difference of CA$656.52 over 64 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||656.52%|
|Average inflation rate||3.21%|
|Price difference (CA$100 base)||CA$656.52|
|CPI in 1923||9.2|
|CPI in 1987||69.6|
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 1987 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1923-CAD-in-1987.