According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.14% per year. Prices in 2002 are 1011.0% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,110.99 in 2002, a difference of CA$1,010.99 over 78 years.
The inflation rate in 2002 was 3.80%.
|Cumulative price change||1010.99%|
|Average inflation rate||3.14%|
|Price difference (CA$100 base)||CA$1,010.99|
|CPI in 1924||9.1|
|CPI in 2002||101.1|
You may use the following MLA citation for this page: “1924 dollars in 2002 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 27 May. 2018, https://www.officialdata.org/1924-CAD-in-2002.