According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.07% per year. Prices in 2001 are 958.7% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,058.70 in 2001, a difference of CA$958.70 over 78 years.
The inflation rate in 2001 was 0.72%.
|Cumulative price change||958.70%|
|Average inflation rate||3.07%|
|Price difference (CA$100 base)||CA$958.70|
|CPI in 1923||9.2|
|CPI in 2001||97.4|
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 2001 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2018, https://www.officialdata.org/1923-CAD-in-2001.