According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.92% per year. Prices in 2016 are 1311.0% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,410.99 in 2016, a difference of CA$1,310.99 over 92 years.
The inflation rate in 2016 was 1.50%.
|Cumulative price change||1310.99%|
|Average inflation rate||2.92%|
|Price difference (CA$100 base)||CA$1,310.99|
|CPI in 1924||9.1|
|CPI in 2016||128.4|
You may use the following MLA citation for this page: “1924 dollars in 2016 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 May. 2018, https://www.officialdata.org/1924-CAD-in-2016.