According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.17% per year. Prices in 1998 are 903.3% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,003.30 in 1998, a difference of CA$903.30 over 74 years.
The inflation rate in 1998 was 1.00%.
|Cumulative price change||903.30%|
|Average inflation rate||3.17%|
|Price difference (CA$100 base)||CA$903.30|
|CPI in 1924||9.1|
|CPI in 1998||91.3|
You may use the following MLA citation for this page: “1924 dollars in 1998 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 16 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-1998.