According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.94% per year. Prices in 2012 are 1217.4% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,317.39 in 2012, a difference of CA$1,217.39 over 89 years.
The inflation rate in 2012 was 0.83%.
|Cumulative price change||1217.39%|
|Average inflation rate||2.94%|
|Price difference (CA$100 base)||CA$1,217.39|
|CPI in 1923||9.2|
|CPI in 2012||121.2|
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 2012 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 28 May. 2018, https://www.officialdata.org/1923-CAD-in-2012.