According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.08% per year. Prices in 2002 are 998.9% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,098.91 in 2002, a difference of CA$998.91 over 79 years.
The inflation rate in 2002 was 3.80%.
|Cumulative price change||998.91%|
|Average inflation rate||3.08%|
|Price difference (CA$100 base)||CA$998.91|
|CPI in 1923||9.2|
|CPI in 2002||101.1|
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 2002 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018, http://www.in2013dollars.com/1923-CAD-in-2002.