According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.11% per year. Prices in 2004 are 1058.2% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,158.24 in 2004, a difference of CA$1,058.24 over 80 years.
The inflation rate in 2004 was 2.13%.
|Cumulative price change||1058.24%|
|Average inflation rate||3.11%|
|Price difference (CA$100 base)||CA$1,058.24|
|CPI in 1924||9.1|
|CPI in 2004||105.4|
You may use the following MLA citation for this page: “1924 dollars in 2004 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1924-CAD-in-2004.