According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.13% per year. Prices in 2001 are 970.3% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,070.33 in 2001, a difference of CA$970.33 over 77 years.
The inflation rate in 2001 was 0.72%.
|Cumulative price change||970.33%|
|Average inflation rate||3.13%|
|Price difference (CA$100 base)||CA$970.33|
|CPI in 1924||9.1|
|CPI in 2001||97.4|
You may use the following MLA citation for this page: “1924 dollars in 2001 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1924-CAD-in-2001.