According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.06% per year. Prices in 2004 are 1045.7% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,145.65 in 2004, a difference of CA$1,045.65 over 81 years.
The inflation rate in 2004 was 2.13%.
|Cumulative price change||1045.65%|
|Average inflation rate||3.06%|
|Price difference (CA$100 base)||CA$1,045.65|
|CPI in 1923||9.2|
|CPI in 2004||105.4|
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 2004 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1923-CAD-in-2004.