According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.22% per year. Prices in 1988 are 685.9% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$785.87 in 1988, a difference of CA$685.87 over 65 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||685.87%|
|Average inflation rate||3.22%|
|Price difference (CA$100 base)||CA$685.87|
|CPI in 1923||9.2|
|CPI in 1988||72.3|
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 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1923-CAD-in-1988.