According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.15% per year. Prices in 1983 are 543.5% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$643.48 in 1983, a difference of CA$543.48 over 60 years.
The inflation rate in 1983 was 4.59%.
|Cumulative price change||543.48%|
|Average inflation rate||3.15%|
|Price difference (CA$100 base)||CA$543.48|
|CPI in 1923||9.2|
|CPI in 1983||59.2|
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 1983 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1923-CAD-in-1983.