According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.10% per year. Prices in 2005 are 1082.4% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,182.42 in 2005, a difference of CA$1,082.42 over 81 years.
The inflation rate in 2005 was 2.09%.
|Cumulative price change||1082.42%|
|Average inflation rate||3.10%|
|Price difference (CA$100 base)||CA$1,082.42|
|CPI in 1924||9.1|
|CPI in 2005||107.6|
You may use the following MLA citation for this page: “1924 dollars in 2005 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 26 May. 2018, https://www.officialdata.org/1924-CAD-in-2005.