According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.31% per year. Prices in 1993 are 846.2% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$946.15 in 1993, a difference of CA$846.15 over 69 years.
The inflation rate in 1993 was 1.65%.
|Cumulative price change||846.15%|
|Average inflation rate||3.31%|
|Price difference (CA$100 base)||CA$846.15|
|CPI in 1924||9.1|
|CPI in 1993||86.1|
You may use the following MLA citation for this page: “1924 dollars in 1993 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-1993.