According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.87% per year. Prices in 2016 are 1295.7% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,395.65 in 2016, a difference of CA$1,295.65 over 93 years.
The inflation rate in 2016 was 1.50%.
|Cumulative price change||1295.65%|
|Average inflation rate||2.87%|
|Price difference (CA$100 base)||CA$1,295.65|
|CPI in 1923||9.2|
|CPI in 2016||128.4|
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 2016 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2018, https://www.officialdata.org/1923-CAD-in-2016.