According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.88% per year. Prices in 2018 are 1338.5% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,438.46 in 2018, a difference of CA$1,338.46 over 94 years.
Compared to last year's annual rate, the inflation rate in 2018 is now 0.38%1. If this number holds, CA$100 today would be equivalent to CA$100.38 next year.
|Cumulative price change||1338.46%|
|Average inflation rate||2.88%|
|Price difference (CA$100 base)||CA$1,338.46|
|CPI in 1924||9.1|
|CPI in 2018||130.9|
You may use the following MLA citation for this page: “1924 dollars in 2018 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 May. 2018, https://www.officialdata.org/1924-CAD-in-2018.