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# \$1 in 1925 → \$0.99 in 1923

### Canadian Inflation Rate, \$1 in 1925 to 1923

According to Statistics Canada consumer price index, prices in 1923 are 1.08% lower than average prices since 1925. The Canadian dollar experienced an average inflation rate of 0.54% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1925 is equivalent in purchasing power to about \$0.99 in 1923, a difference of \$-0.01 over 2 years.

The 1923 inflation rate was 0.00%. The inflation rate in 1925 was 2.20%. The 1925 inflation rate is lower compared to the average inflation rate of 2.87% per year between 1925 and 2020.

 Cumulative price change -1.08% Average inflation rate 0.54% Converted amount (\$1 base) \$0.99 Price difference (\$1 base) \$-0.01 CPI in 1925 9.300 CPI in 1923 9.200 Inflation in 1923 0.00% Inflation in 1925 2.20%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

### Buying power of \$1 in 1923

This chart shows a calculation of buying power equivalence for \$1 in 1923 (price index tracking began in 1914).

For example, if you started with \$1, you would need to end with \$0.99 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.99 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 1923 dollars, the chart below shows how \$1 buys less over the past 2 years.

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 \$1.00 -
1924 \$0.99 -1.09%
1925 \$1.01 2.20%
1926 \$1.00 -1.08%
1927 \$0.99 -1.09%
1928 \$1.00 1.10%
1929 \$1.02 2.17%
1930 \$0.96 -6.38%
1931 \$0.86 -10.23%
1932 \$0.79 -7.59%
1933 \$0.77 -2.74%
1934 \$0.78 1.41%
1935 \$0.80 2.78%
1936 \$0.82 1.35%
1937 \$0.85 4.00%
1938 \$0.83 -2.56%
1939 \$0.85 2.63%
1940 \$0.89 5.13%
1941 \$0.95 6.10%
1942 \$0.98 3.45%
1943 \$1.00 2.22%
1944 \$0.98 -2.17%
1945 \$1.00 2.22%
1946 \$1.05 5.43%
1947 \$1.21 14.43%
1948 \$1.32 9.01%
1949 \$1.33 0.83%
1950 \$1.40 5.74%
1951 \$1.55 10.85%
1952 \$1.53 -1.40%
1953 \$1.53 0.00%
1954 \$1.53 0.00%
1955 \$1.54 0.71%
1956 \$1.59 2.82%
1957 \$1.62 2.05%
1958 \$1.66 2.68%
1959 \$1.68 1.31%
1960 \$1.71 1.29%
1961 \$1.71 0.00%
1962 \$1.74 1.91%
1963 \$1.77 1.88%
1964 \$1.80 1.84%
1965 \$1.86 3.01%
1966 \$1.92 3.51%
1967 \$2.00 3.95%
1968 \$2.09 4.35%
1969 \$2.18 4.69%
1970 \$2.21 1.00%
1971 \$2.32 4.93%
1972 \$2.43 5.16%
1973 \$2.66 9.38%
1974 \$3.00 12.65%
1975 \$3.28 9.42%
1976 \$3.47 5.63%
1977 \$3.79 9.40%
1978 \$4.12 8.60%
1979 \$4.52 9.76%
1980 \$5.02 11.06%
1981 \$5.63 12.12%
1982 \$6.15 9.27%
1983 \$6.43 4.59%
1984 \$6.67 3.72%
1985 \$6.97 4.40%
1986 \$7.26 4.21%
1987 \$7.57 4.19%
1988 \$7.86 3.88%
1989 \$8.27 5.26%
1990 \$8.68 4.99%
1991 \$9.01 3.75%
1992 \$9.21 2.17%
1993 \$9.36 1.65%
1994 \$9.38 0.23%
1995 \$9.54 1.74%
1996 \$9.75 2.16%
1997 \$9.83 0.78%
1998 \$9.92 1.00%
1999 \$10.18 2.63%
2000 \$10.51 3.20%
2001 \$10.59 0.72%
2002 \$10.99 3.80%
2003 \$11.22 2.08%
2004 \$11.46 2.13%
2005 \$11.70 2.09%
2006 \$11.89 1.67%
2007 \$12.17 2.38%
2008 \$12.32 1.16%
2009 \$12.48 1.32%
2010 \$12.77 2.35%
2011 \$13.07 2.30%
2012 \$13.17 0.83%
2013 \$13.34 1.24%
2014 \$13.53 1.47%
2015 \$13.75 1.61%
2016 \$13.96 1.50%
2017 \$14.17 1.56%
2018 \$14.22 0.31%
2019 \$14.50 1.99%
2020 \$14.83 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

### How to Calculate Inflation Rate for \$1, 1923 to 1925

This inflation calculator uses the following inflation rate formula:

CPI in 1923CPI in 1925
×
1925 CAD value
=
1923 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.3 in the year 1925 and 9.2 in 1923:

9.29.3
×
\$1
=
\$0.99

\$1 in 1925 has the same "purchasing power" or "buying power" as \$0.99 in 1923.

To get the total inflation rate for the 2 years between 1923 and 1925, we use the following formula:

CPI in 1923 - CPI in 1925CPI in 1925
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

9.2 - 9.39.3
×
100
=
-1%

### News headlines from 1923

Politics and news often influence economic performance. Here's what was happening at the time:

• Mein Kampf is published by Adolf Hitler.
• The Ku Klux Klan's first national march takes place in Washington.
• The last Qajar Shah of Iran is deposed with Reza Shah Pahlavi taking over.
• Scopes monkey trial ends in Dayton, Tennessee, finding John T. Scopes guilty of teaching evolution.

### 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 1925 → 1923 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Jan. 2020, https://www.officialdata.org/1925-CAD-in-1923?amount=1.

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.

 Cumulative price change -1.08% Average inflation rate 0.54% Converted amount (\$1 base) \$0.99 Price difference (\$1 base) \$-0.01 CPI in 1925 9.300 CPI in 1923 9.200 Inflation in 1923 0.00% Inflation in 1925 2.20%