CA$100 in 1923 → CA$1,121.74 in 2003

Canada Inflation Calculator


Canadian Inflation Rate, CA$100 in 1923 to 2003

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%.

Inflation from 1923 to 2003
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

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$100, 1923 to 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2003 / CPI in 1923 * 1923 CAD value = 2003 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1923 and 103.2 in 2003:

103.2 / 9.2 * CA$100 = CA$1,121.74

CA$100 in 1923 has the same "purchasing power" or "buying power" as CA$1,121.74 in 2003.

News headlines from 1923

Politics and news often influence economic performance. Here's what was happening at the time:

  • The inner burial chamber of the Pharaoh Tutankhamun's tomb is opened, leading to the finding of the sarcophagus by Howard Carter.
  • The Disney Brothers Cartoon Studio is founded.
  • Lenin's "Political Testament" is issued which calls for Stalin's removal.
  • In Germany, 5,000 storm troopers demonstrate against the 'November crime', Hitler is arrested after seeking to take advantage of the chaotic conditions.

Inflation Data Source

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

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,

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