According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.03% per year. Prices in 2006 are 1089.1% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,189.13 in 2006, a difference of CA$1,089.13 over 83 years.
The inflation rate in 2006 was 1.67%.
|Cumulative price change||1089.13%|
|Average inflation rate||3.03%|
|Price difference (CA$100 base)||CA$1,089.13|
|CPI in 1923||9.2|
|CPI in 2006||109.4|
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 2006 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1923-CAD-in-2006.