According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.20% per year. Prices in 1997 are 893.4% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$993.41 in 1997, a difference of CA$893.41 over 73 years.
The inflation rate in 1997 was 0.78%.
|Cumulative price change||893.41%|
|Average inflation rate||3.20%|
|Price difference (CA$100 base)||CA$893.41|
|CPI in 1924||9.1|
|CPI in 1997||90.4|
You may use the following MLA citation for this page: “1924 dollars in 1997 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1924-CAD-in-1997.