According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.23% per year. Prices in 1996 are 885.7% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$985.71 in 1996, a difference of CA$885.71 over 72 years.
The inflation rate in 1996 was 2.16%.
|Cumulative price change||885.71%|
|Average inflation rate||3.23%|
|Price difference (CA$100 base)||CA$885.71|
|CPI in 1924||9.1|
|CPI in 1996||89.7|
You may use the following MLA citation for this page: “1924 dollars in 1996 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-1996.