According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 3.01% per year. Prices in 2011 are 1220.9% higher than prices in 1924.
In other words, CA$100 in the year 1924 is equivalent in purchasing power to CA$1,320.88 in 2011, a difference of CA$1,220.88 over 87 years.
The inflation rate in 2011 was 2.30%.
|Cumulative price change||1220.88%|
|Average inflation rate||3.01%|
|Price difference (CA$100 base)||CA$1,220.88|
|CPI in 1924||9.1|
|CPI in 2011||120.2|
You may use the following MLA citation for this page: “1924 dollars in 2011 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Feb. 2018, http://www.in2013dollars.com/1924-CAD-in-2011.