According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.25% per year. Prices in 1985 are 604.4% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$704.40 in 1985, a difference of CA$604.40 over 61 years.
The inflation rate in 1985 was 4.40%.
|Cumulative price change||604.40%|
|Average inflation rate||3.25%|
|Price difference (CA$100 base)||CA$604.40|
|CPI in 1924||9.1|
|CPI in 1985||64.1|
You may use the following MLA citation for this page: “1924 dollars in 1985 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-1985.