According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.14% per year. Prices in 1997 are 882.6% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$982.61 in 1997, a difference of CA$882.61 over 74 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||882.61%|
|Average inflation rate||3.14%|
|Price difference (CA$100 base)||CA$882.61|
|CPI in 1923||9.2|
|CPI in 1997||90.4|
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 1997 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 May. 2018, https://www.officialdata.org/1923-CAD-in-1997.