According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.96% per year. Prices in 2011 are 1206.5% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$1,306.52 in 2011, a difference of CA$1,206.52 over 88 years.
The inflation rate in 2011 was 2.30%.
|Cumulative price change||1206.52%|
|Average inflation rate||2.96%|
|Price difference (CA$100 base)||CA$1,206.52|
|CPI in 1923||9.2|
|CPI in 2011||120.2|
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 2011 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Feb. 2018, http://www.in2013dollars.com/1923-CAD-in-2011.