According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.22% per year. Prices in 1983 are 550.5% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$650.55 in 1983, a difference of CA$550.55 over 59 years.
The inflation rate in 1983 was 4.59%.
|Cumulative price change||550.55%|
|Average inflation rate||3.22%|
|Price difference (CA$100 base)||CA$550.55|
|CPI in 1924||9.1|
|CPI in 1983||59.2|
You may use the following MLA citation for this page: “1924 dollars in 1983 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-1983.