$100 in 1923 → $975.00 in 1996

Canada Inflation Calculator

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$100 in 1923 → $975.00 in 1996

Canadian Inflation Rate, $100 in 1923 to 1996

According to Statistics Canada consumer price index, prices in 1996 are 875.00% higher than average prices throughout 1923. The dollar experienced an average inflation rate of 3.17% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1923 is equivalent in purchasing power to about $975.00 in 1996, a difference of $875.00 over 73 years.

The 1923 inflation rate was 0.00%. The inflation rate in 1996 was 2.16%. The 1996 inflation rate is higher compared to the average inflation rate of 1.74% per year between 1996 and 2019.


Inflation from 1923 to 1996
Cumulative price change 875.00%
Average inflation rate 3.17%
Converted amount ($100 base) $975.00
Price difference ($100 base) $875.00
CPI in 1923 9.200
CPI in 1996 89.700
Inflation in 1923 0.00%
Inflation in 1996 2.16%

CAD inflation chart from 1914 to 2017


Buying power of $100 in 1923

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1923 (price index tracking began in 1914).

According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1923 $100.00 -
1924 $98.91 -1.09%
1925 $101.09 2.20%
1926 $100.00 -1.08%
1927 $98.91 -1.09%
1928 $100.00 1.10%
1929 $102.17 2.17%
1930 $95.65 -6.38%
1931 $85.87 -10.23%
1932 $79.35 -7.59%
1933 $77.17 -2.74%
1934 $78.26 1.41%
1935 $80.43 2.78%
1936 $81.52 1.35%
1937 $84.78 4.00%
1938 $82.61 -2.56%
1939 $84.78 2.63%
1940 $89.13 5.13%
1941 $94.57 6.10%
1942 $97.83 3.45%
1943 $100.00 2.22%
1944 $97.83 -2.17%
1945 $100.00 2.22%
1946 $105.43 5.43%
1947 $120.65 14.43%
1948 $131.52 9.01%
1949 $132.61 0.83%
1950 $140.22 5.74%
1951 $155.43 10.85%
1952 $153.26 -1.40%
1953 $153.26 0.00%
1954 $153.26 0.00%
1955 $154.35 0.71%
1956 $158.70 2.82%
1957 $161.96 2.05%
1958 $166.30 2.68%
1959 $168.48 1.31%
1960 $170.65 1.29%
1961 $170.65 0.00%
1962 $173.91 1.91%
1963 $177.17 1.88%
1964 $180.43 1.84%
1965 $185.87 3.01%
1966 $192.39 3.51%
1967 $200.00 3.95%
1968 $208.70 4.35%
1969 $218.48 4.69%
1970 $220.65 1.00%
1971 $231.52 4.93%
1972 $243.48 5.16%
1973 $266.30 9.38%
1974 $300.00 12.65%
1975 $328.26 9.42%
1976 $346.74 5.63%
1977 $379.35 9.40%
1978 $411.96 8.60%
1979 $452.17 9.76%
1980 $502.17 11.06%
1981 $563.04 12.12%
1982 $615.22 9.27%
1983 $643.48 4.59%
1984 $667.39 3.72%
1985 $696.74 4.40%
1986 $726.09 4.21%
1987 $756.52 4.19%
1988 $785.87 3.88%
1989 $827.17 5.26%
1990 $868.48 4.99%
1991 $901.09 3.75%
1992 $920.65 2.17%
1993 $935.87 1.65%
1994 $938.04 0.23%
1995 $954.35 1.74%
1996 $975.00 2.16%
1997 $982.61 0.78%
1998 $992.39 1.00%
1999 $1,018.48 2.63%
2000 $1,051.09 3.20%
2001 $1,058.70 0.72%
2002 $1,098.91 3.80%
2003 $1,121.74 2.08%
2004 $1,145.65 2.13%
2005 $1,169.57 2.09%
2006 $1,189.13 1.67%
2007 $1,217.39 2.38%
2008 $1,231.52 1.16%
2009 $1,247.83 1.32%
2010 $1,277.17 2.35%
2011 $1,306.52 2.30%
2012 $1,317.39 0.83%
2013 $1,333.70 1.24%
2014 $1,353.26 1.47%
2015 $1,375.00 1.61%
2016 $1,395.65 1.50%
2017 $1,417.39 1.56%
2018 $1,421.74 0.31%
2019 $1,450.00 1.99%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 67 more rows

How to Calculate Inflation Rate for $100, 1923 to 1996

This inflation calculator uses the following inflation rate formula:

CPI in 1996CPI in 1923
×
1923 CAD value
=
1996 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1923 and 89.7 in 1996:

89.79.2
×
$100
=
$975.00

$100 in 1923 has the same "purchasing power" or "buying power" as $975.00 in 1996.

To get the total inflation rate for the 73 years between 1923 and 1996, we use the following formula:

CPI in 1996 - CPI in 1923CPI in 1923
×
100
=
Cumulative inflation rate (73 years)

Plugging in the values to this equation, we get:

89.7 - 9.29.2
×
100
=
875%

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.

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: “1923 dollars in 1996 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 7 Dec. 2019, https://www.officialdata.org/1923-CAD-in-1996.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1923 to 1996
Cumulative price change 875.00%
Average inflation rate 3.17%
Converted amount ($100 base) $975.00
Price difference ($100 base) $875.00
CPI in 1923 9.200
CPI in 1996 89.700
Inflation in 1923 0.00%
Inflation in 1996 2.16%
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