According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.28% per year. Prices in 1987 are 664.8% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$764.84 in 1987, a difference of CA$664.84 over 63 years.
The inflation rate in 1987 was 4.19%.
|Cumulative price change||664.84%|
|Average inflation rate||3.28%|
|Price difference (CA$100 base)||CA$664.84|
|CPI in 1924||9.1|
|CPI in 1987||69.6|
You may use the following MLA citation for this page: “1924 dollars in 1987 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 May. 2018, https://www.officialdata.org/1924-CAD-in-1987.