CA$100 in 1924 → CA$1,245.05 in 2008

Canada Inflation Calculator

CA$

Canadian Inflation Rate, 1924-2008 (CA$100)

According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.05% per year. Prices in 2008 are 1145.1% higher than prices in 1924.

In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,245.05 in 2008, a difference of CA$1,145.05 over 84 years.

The inflation rate in 2008 was 1.16%.

Inflation from 1924 to 2008
Cumulative price change 1145.05%
Average inflation rate 3.05%
Price difference (CA$100 base) CA$1,145.05
CPI in 1924 9.1
CPI in 2008 113.3


CAD inflation chart from 1914 to 2017


How to calculate the inflation rate for CA$100, 1924 to 2008

Start with the inflation rate formula:

CPI in 2008 / CPI in 1924 * 1924 CAD value = 2008 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.1 in the year 1924 and 113.3 in 2008:

113.3 / 9.1 * CA$100 = CA$1,245.05

CA$100 in 1924 has the same "purchasing power" as CA$1,245.05 in 2008.


Inflation Data Source

Raw data for these calculations comes from the government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

You may use the following MLA citation for this page: “1924 dollars in 2008 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 19 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-2008.


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