According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.20% per year. Prices in 1994 are 838.0% higher than prices in 1923.
In other words, CA$100 in the year 1923 is equivalent in purchasing power to CA$938.04 in 1994, a difference of CA$838.04 over 71 years.
The inflation rate in 1994 was 0.23%.
|Cumulative price change||838.04%|
|Average inflation rate||3.20%|
|Price difference (CA$100 base)||CA$838.04|
|CPI in 1923||9.2|
|CPI in 1994||86.3|
Politics and news often influence economic performance. Here's what was happening at the time:
You may use the following MLA citation for this page: “1923 dollars in 1994 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1923-CAD-in-1994.