Value of $1 from 1915 to 1923
$1 in 1915 is equivalent in purchasing power to about $1.50 in 1923, an increase of $0.50 over 8 years. The dollar had an average inflation rate of 5.20% per year between 1915 and 1923, producing a cumulative price increase of 50.00%.
This means that prices in 1923 are 1.50 times as high as average prices since 1915, according to Statistics Canada consumer price index.
The inflation rate in 1915 was 2.08%. The inflation rate in 1923 was 0.00%. The 1923 inflation rate is lower compared to the average inflation rate of 2.86% per year between 1923 and 2024.
⌃
| Cumulative price change | 50.00% |
| Average inflation rate | 5.20% |
| Converted amount $1 base | $1.50 |
| Price difference $1 base | $0.50 |
| CPI in 1915 | 6.133 |
| CPI in 1923 | 9.200 |
| Inflation in 1915 | 2.08% |
| Inflation in 1923 | 0.00% |
| $1 in 1915 | $1.50 in 1923 |
Buying power of $1 in 1915
This chart shows a calculation of buying power equivalence for $1 in 1915 (price index tracking began in 1914).
For example, if you started with $1, you would need to end with $1.50 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When $1 is equivalent to $1.50 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1915 dollars, the chart below shows how $1 is worth less over 8 years.
According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1915 amounts in 1923 dollars, based on the 50.00% change in prices:
| Initial value | Equivalent value |
|---|---|
| $1 dollar in 1915 | $1.50 dollars in 1923 |
| $5 dollars in 1915 | $7.50 dollars in 1923 |
| $10 dollars in 1915 | $15.00 dollars in 1923 |
| $50 dollars in 1915 | $75.00 dollars in 1923 |
| $100 dollars in 1915 | $150.00 dollars in 1923 |
| $500 dollars in 1915 | $750.00 dollars in 1923 |
| $1,000 dollars in 1915 | $1,500.00 dollars in 1923 |
| $5,000 dollars in 1915 | $7,500.00 dollars in 1923 |
| $10,000 dollars in 1915 | $15,000.00 dollars in 1923 |
| $50,000 dollars in 1915 | $75,000.00 dollars in 1923 |
| $100,000 dollars in 1915 | $150,000.00 dollars in 1923 |
| $500,000 dollars in 1915 | $750,000.00 dollars in 1923 |
| $1,000,000 dollars in 1915 | $1,500,000.00 dollars in 1923 |
How to calculate inflation rate for $1, 1915 to 1923
Our calculations use the following inflation rate formula to calculate the change in value between 1915 and 1923:
CPI in 1923 CPI in 1915
×
1915 CAD value
=
1923 CAD value
Then plug in historical CPI values. The Canadian CPI was 6.133333333 in the year 1915 and 9.2 in 1923:
9.26.133333333
×
$1
=
$1.50
$1 in 1915 has the same "purchasing power" or "buying power" as $1.50 in 1923.
To get the total inflation rate for the 8 years between 1915 and 1923, we use the following formula:
CPI in 1923 - CPI in 1915CPI in 1915
×
100
=
Cumulative inflation rate (8 years)
Plugging in the values to this equation, we get:
9.2 - 6.1333333336.133333333
×
100
=
50%
Data source & citation
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: “$1 in 1915 → 1923 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Apr. 2024, https://www.officialdata.org/1915-CAD-in-1923?amount=1.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 50.00% |
| Average inflation rate | 5.20% |
| Converted amount $1 base | $1.50 |
| Price difference $1 base | $0.50 |
| CPI in 1915 | 6.133 |
| CPI in 1923 | 9.200 |
| Inflation in 1915 | 2.08% |
| Inflation in 1923 | 0.00% |
| $1 in 1915 | $1.50 in 1923 |