According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.07% per year. Prices in 2007 are 1130.8% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,230.77 in 2007, a difference of CA$1,130.77 over 83 years.
The inflation rate in 2007 was 2.38%.
|Cumulative price change||1130.77%|
|Average inflation rate||3.07%|
|Price difference (CA$100 base)||CA$1,130.77|
|CPI in 1924||9.1|
|CPI in 2007||112|
You may use the following MLA citation for this page: “1924 dollars in 2007 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 May. 2018, https://www.officialdata.org/1924-CAD-in-2007.