According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.29% per year. Prices in 1988 are 694.5% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$794.51 in 1988, a difference of CA$694.51 over 64 years.
The inflation rate in 1988 was 3.88%.
|Cumulative price change||694.51%|
|Average inflation rate||3.29%|
|Price difference (CA$100 base)||CA$694.51|
|CPI in 1924||9.1|
|CPI in 1988||72.3|
You may use the following MLA citation for this page: “1924 dollars in 1988 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-1988.