According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.32% per year. Prices in 1989 are 736.3% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$836.26 in 1989, a difference of CA$736.26 over 65 years.
The inflation rate in 1989 was 5.26%.
|Cumulative price change||736.26%|
|Average inflation rate||3.32%|
|Price difference (CA$100 base)||CA$736.26|
|CPI in 1924||9.1|
|CPI in 1989||76.1|
You may use the following MLA citation for this page: “1924 dollars in 1989 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1924-CAD-in-1989.