According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.12% per year. Prices in 2003 are 1034.1% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,134.07 in 2003, a difference of CA$1,034.07 over 79 years.
The inflation rate in 2003 was 2.08%.
|Cumulative price change||1034.07%|
|Average inflation rate||3.12%|
|Price difference (CA$100 base)||CA$1,034.07|
|CPI in 1924||9.1|
|CPI in 2003||103.2|
You may use the following MLA citation for this page: “1924 dollars in 2003 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2018, https://www.officialdata.org/1924-CAD-in-2003.