Canadian inflation rate in 1923: 0.00%

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Canadian Inflation Rate, 1923-2017 (CA$1)

The consumer price index (CPI) in 1923 was 9.2. Statistics Canada uses this CPI value to track inflation on a monthly basis.

According to Statistics Canada, the dollar experienced an average inflation rate of 2.86% per year. Prices in 2017 are 1317.4% higher than prices in 1923.

In other words, CA$1 in the year 1923 is equivalent to CA$14.17 in 2017, a difference of CA$13.17 over 94 years.

The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.

Inflation from 1923 to 2017
Cumulative price change 1317.39%
Average inflation rate 2.86%
Price difference (CA$1 base) CA$13.17
CPI in 1923 9.2
CPI in 2017 130.4


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$1 since 1923

Start with the inflation rate formula:

CPI in 2017 / CPI in 1923 * 1923 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1923 and 130.4 in 2017:

130.4 / 9.2 * CA$1 = CA$14.17

CA$1 in 1923 has the same "purchasing power" as CA$14.17 in 2017.


News headlines from 1923

Politics and news often play an important role in economic performance.

  • 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.
  • 5,000 storm troopers demonstrate against the 'November crime', Hitler is arrested after seeking to take advantage of the chaotic conditions in Germany.

Inflation Data Source: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).


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