CA$100 in 1923 → CA$1,098.91 in 2002

Canada Inflation Calculator


Canadian Inflation Rate, 1923-2002 (CA$100)

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%.

Inflation from 1923 to 2002
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

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$100, 1923 to 2002

Start with the inflation rate formula:

CPI in 2002 / CPI in 1923 * 1923 CAD value = 2002 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1923 and 101.1 in 2002:

101.1 / 9.2 * CA$100 = CA$1,098.91

CA$100 in 1923 has the same "purchasing power" as CA$1,098.91 in 2002.

News headlines from 1923

Politics and news often influence economic performance. Here's what was happening at the time:

  • The inner burial chamber of the Pharaoh Tutankhamun's tomb is opened, leading to the finding of the sarcophagus by Howard Carter.
  • The Disney Brothers Cartoon Studio is founded.
  • Lenin's "Political Testament" is issued which calls for Stalin's removal.
  • In Germany, 5,000 storm troopers demonstrate against the 'November crime', Hitler is arrested after seeking to take advantage of the chaotic conditions.

Inflation Data Source

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 2002 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018,

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