$100 in 1923 is worth $684.51 in 1985

Value of $100 from 1923 to 1985

$100 in 1923 is equivalent in purchasing power to about $684.51 in 1985, an increase of $584.51 over 62 years. The dollar had an average inflation rate of 3.15% per year between 1923 and 1985, producing a cumulative price increase of 584.51%.

This means that prices in 1985 are 6.85 times as high as average prices since 1923, according to Statistics Canada consumer price index.

The inflation rate in 1923 was 0.00%. The inflation rate in 1985 was 3.96%. The 1985 inflation rate is higher compared to the average inflation rate of 2.40% per year between 1985 and 2024.


Inflation from 1923 to 1985
Cumulative price change584.51%
Average inflation rate3.15%
Converted amount
$100 base
$684.51
Price difference
$100 base
$584.51
CPI in 19239.200
CPI in 198562.975
Inflation in 19230.00%
Inflation in 19853.96%
$100 in 1923$684.51 in 1985

CAD inflation since 1923
Annual Rate, Statistics Canada CPI
Download

Buying power of $100 in 1923

This chart shows a calculation of buying power equivalence for $100 in 1923 (price index tracking began in 1914).

For example, if you started with $100, you would need to end with $684.51 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $100 is equivalent to $684.51 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1923 dollars, the chart below shows how $100 is worth less over 62 years.

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1923-1985
YearDollar ValueInflation Rate
1923$100.00-
1924$98.10-1.90%
1925$99.281.20%
1926$100.000.73%
1927$98.55-1.45%
1928$99.280.74%
1929$100.271.00%
1930$99.28-0.99%
1931$89.49-9.85%
1932$81.07-9.41%
1933$77.54-4.36%
1934$78.441.17%
1935$78.800.46%
1936$80.432.07%
1937$83.333.60%
1938$83.790.54%
1939$83.15-0.76%
1940$86.684.25%
1941$91.855.96%
1942$96.114.64%
1943$98.192.17%
1944$98.820.65%
1945$99.460.64%
1946$102.543.10%
1947$111.789.01%
1948$127.7214.26%
1949$132.163.48%
1950$135.692.67%
1951$150.0010.55%
1952$153.892.60%
1953$152.36-1.00%
1954$153.350.65%
1955$153.620.18%
1956$155.711.36%
1957$160.873.32%
1958$164.672.36%
1959$166.671.21%
1960$168.931.36%
1961$170.651.02%
1962$172.461.06%
1963$175.271.63%
1964$178.621.91%
1965$182.792.33%
1966$189.763.82%
1967$196.563.58%
1968$204.534.06%
1969$213.864.56%
1970$221.013.35%
1971$226.992.70%
1972$238.324.99%
1973$256.167.49%
1974$284.3311.00%
1975$314.6710.67%
1976$338.417.54%
1977$365.407.98%
1978$398.198.97%
1979$434.609.14%
1980$478.6210.13%
1981$538.3212.47%
1982$596.2910.77%
1983$631.255.86%
1984$658.424.30%
1985$684.513.96%
1986$713.224.19%
1987$744.294.36%
1988$774.284.03%
1989$812.864.98%
1990$851.724.78%
1991$899.645.63%
1992$913.041.49%
1993$930.071.87%
1994$931.610.17%
1995$951.632.15%
1996$966.581.57%
1997$982.251.62%
1998$992.031.00%
1999$1,009.241.73%
2000$1,036.682.72%
2001$1,062.862.53%
2002$1,086.872.26%
2003$1,116.852.76%
2004$1,137.591.86%
2005$1,162.772.21%
2006$1,186.052.00%
2007$1,211.412.14%
2008$1,240.132.37%
2009$1,243.840.30%
2010$1,265.941.78%
2011$1,302.812.91%
2012$1,322.551.52%
2013$1,334.960.94%
2014$1,360.421.91%
2015$1,375.721.13%
2016$1,395.381.43%
2017$1,417.661.60%
2018$1,449.822.27%
2019$1,478.081.95%
2020$1,488.680.72%
2021$1,539.223.40%
2022$1,643.936.80%
2023$1,706.523.81%
2024$1,726.091.15%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 56 more rows

This conversion table shows various other 1923 amounts in 1985 dollars, based on the 584.51% change in prices:

Conversion: 1923 dollars in 1985
Initial valueEquivalent value
$1 dollar in 1923$6.85 dollars in 1985
$5 dollars in 1923$34.23 dollars in 1985
$10 dollars in 1923$68.45 dollars in 1985
$50 dollars in 1923$342.26 dollars in 1985
$100 dollars in 1923$684.51 dollars in 1985
$500 dollars in 1923$3,422.55 dollars in 1985
$1,000 dollars in 1923$6,845.11 dollars in 1985
$5,000 dollars in 1923$34,225.54 dollars in 1985
$10,000 dollars in 1923$68,451.09 dollars in 1985
$50,000 dollars in 1923$342,255.43 dollars in 1985
$100,000 dollars in 1923$684,510.87 dollars in 1985
$500,000 dollars in 1923$3,422,554.35 dollars in 1985
$1,000,000 dollars in 1923$6,845,108.70 dollars in 1985

How to calculate inflation rate for $100, 1923 to 1985

Our calculations use the following inflation rate formula to calculate the change in value between 1923 and 1985:

CPI in 1985 CPI in 1923
×
1923 CAD value
=
1985 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1923 and 62.975 in 1985:

62.9759.2
×
$100
=
$684.51

$100 in 1923 has the same "purchasing power" or "buying power" as $684.51 in 1985.

To get the total inflation rate for the 62 years between 1923 and 1985, we use the following formula:

CPI in 1985 - CPI in 1923CPI in 1923
×
100
=
Cumulative inflation rate (62 years)

Plugging in the values to this equation, we get:

62.975 - 9.29.2
×
100
=
585%

Data source & citation

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “1923 dollars in 1985 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 Mar. 2024, https://www.officialdata.org/1923-CAD-in-1985.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1923 to 1985
Cumulative price change584.51%
Average inflation rate3.15%
Converted amount
$100 base
$684.51
Price difference
$100 base
$584.51
CPI in 19239.200
CPI in 198562.975
Inflation in 19230.00%
Inflation in 19853.96%
$100 in 1923$684.51 in 1985