CA$100 in 1924 → CA$764.84 in 1987

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1924-1987 (CA$100)

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%.

Inflation from 1924 to 1987
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


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100, 1924 to 1987

This inflation calculator uses the following inflation rate formula:

CPI in 1987 / CPI in 1924 * 1924 CAD value = 1987 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.1 in the year 1924 and 69.6 in 1987:

69.6 / 9.1 * CA$100 = CA$764.84

CA$100 in 1924 has the same "purchasing power" as CA$764.84 in 1987.


Inflation Data Source

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: “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.


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