According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.18% per year. Prices in 1985 are 596.7% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$696.74 in 1985, a difference of CA$596.74 over 62 years.
The inflation rate in 1985 was 4.40%.
|Cumulative price change||596.74%|
|Average inflation rate||3.18%|
|Price difference (CA$100 base)||CA$596.74|
|CPI in 1923||9.2|
|CPI in 1985||64.1|
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 1985 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018, http://www.in2013dollars.com/1923-CAD-in-1985.