According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.00% per year. Prices in 2008 are 1131.5% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,231.52 in 2008, a difference of CA$1,131.52 over 85 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||1131.52%|
|Average inflation rate||3.00%|
|Price difference (CA$100 base)||CA$1,131.52|
|CPI in 1923||9.2|
|CPI in 2008||113.3|
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 2008 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 May. 2018, https://www.officialdata.org/1923-CAD-in-2008.