According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.94% per year. Prices in 1980 are 407.7% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$507.69 in 1980, a difference of CA$407.69 over 56 years.
The inflation rate in 1980 was 11.06%.
|Cumulative price change||407.69%|
|Average inflation rate||2.94%|
|Price difference (CA$100 base)||CA$407.69|
|CPI in 1924||9.1|
|CPI in 1980||46.2|
You may use the following MLA citation for this page: “1924 dollars in 1980 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-1980.