According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.27% per year. Prices in 1994 are 848.4% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$948.35 in 1994, a difference of CA$848.35 over 70 years.
The inflation rate in 1994 was 0.23%.
|Cumulative price change||848.35%|
|Average inflation rate||3.27%|
|Price difference (CA$100 base)||CA$848.35|
|CPI in 1924||9.1|
|CPI in 1994||86.3|
You may use the following MLA citation for this page: “1924 dollars in 1994 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1924-CAD-in-1994.