According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.17% per year. Prices in 1996 are 875.0% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$975.00 in 1996, a difference of CA$875.00 over 73 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||875.00%|
|Average inflation rate||3.17%|
|Price difference (CA$100 base)||CA$875.00|
|CPI in 1923||9.2|
|CPI in 1996||89.7|
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 1996 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2018, https://www.officialdata.org/1923-CAD-in-1996.