According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.25% per year. Prices in 1993 are 835.9% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$935.87 in 1993, a difference of CA$835.87 over 70 years.
The inflation rate in 1993 was 1.65%.
|Cumulative price change||835.87%|
|Average inflation rate||3.25%|
|Price difference (CA$100 base)||CA$835.87|
|CPI in 1923||9.2|
|CPI in 1993||86.1|
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 1993 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1923-CAD-in-1993.