According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.07% per year. Prices in 2003 are 1021.7% higher than prices in 1923.
In other words, CA$100 in 1923 is equivalent in purchasing power to CA$1,121.74 in 2003, a difference of CA$1,021.74 over 80 years.
The inflation rate in 2003 was 2.08%.
|Cumulative price change||1021.74%|
|Average inflation rate||3.07%|
|Converted amount (CA$100 base)||CA$1,121.74|
|Price difference (CA$100 base)||CA$1,021.74|
|CPI in 1923||9.2|
|CPI in 2003||103.2|
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 2003 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/1923-CAD-in-2003.