According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.10% per year. Prices in 1981 are 469.2% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$569.23 in 1981, a difference of CA$469.23 over 57 years.
The inflation rate in 1981 was 12.12%.
|Cumulative price change||469.23%|
|Average inflation rate||3.10%|
|Price difference (CA$100 base)||CA$469.23|
|CPI in 1924||9.1|
|CPI in 1981||51.8|
You may use the following MLA citation for this page: “1924 dollars in 1981 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-1981.