According to Statistics Canada consumer price index, prices in 2005 are 1,069.57% higher than average prices throughout 1923. The dollar experienced an average inflation rate of 3.04% 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 $1,169.57 in 2005, a difference of $1,069.57 over 82 years.
The 1923 inflation rate was 0.00%. The inflation rate in 2005 was 2.09%. The 2005 inflation rate is higher compared to the average inflation rate of 1.55% per year between 2005 and 2019.
Cumulative price change | 1,069.57% |
Average inflation rate | 3.04% |
Converted amount ($100 base) | $1,169.57 |
Price difference ($100 base) | $1,069.57 |
CPI in 1923 | 9.200 |
CPI in 2005 | 107.600 |
Inflation in 1923 | 0.00% |
Inflation in 2005 | 2.09% |
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:
This inflation calculator uses the following inflation rate formula:
Then plug in historical CPI values. The Canadian CPI was 9.2 in the year 1923 and 107.6 in 2005:
$100 in 1923 has the same "purchasing power" or "buying power" as $1,169.57 in 2005.
To get the total inflation rate for the 82 years between 1923 and 2005, we use the following formula:
Plugging in the values to this equation, we get:
Politics and news often influence economic performance. Here's what was happening at the time:
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 2005 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 8 Dec. 2019, https://www.officialdata.org/1923-CAD-in-2005.
Special thanks to QuickChart for providing downloadable chart images.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
Cumulative price change | 1,069.57% |
Average inflation rate | 3.04% |
Converted amount ($100 base) | $1,169.57 |
Price difference ($100 base) | $1,069.57 |
CPI in 1923 | 9.200 |
CPI in 2005 | 107.600 |
Inflation in 1923 | 0.00% |
Inflation in 2005 | 2.09% |