According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.02% per year. Prices in 2007 are 1117.4% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,217.39 in 2007, a difference of CA$1,117.39 over 84 years.
The inflation rate in 2007 was 2.38%.
|Cumulative price change||1117.39%|
|Average inflation rate||3.02%|
|Price difference (CA$100 base)||CA$1,117.39|
|CPI in 1923||9.2|
|CPI in 2007||112|
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 2007 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1923-CAD-in-2007.