According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.05% per year. Prices in 2008 are 1145.1% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,245.05 in 2008, a difference of CA$1,145.05 over 84 years.
The inflation rate in 2008 was 1.16%.
|Cumulative price change||1145.05%|
|Average inflation rate||3.05%|
|Price difference (CA$100 base)||CA$1,145.05|
|CPI in 1924||9.1|
|CPI in 2008||113.3|
You may use the following MLA citation for this page: “1924 dollars in 2008 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/1924-CAD-in-2008.