The consumer price index (CPI) in 1924 was 9.1. Statistics Canada uses this CPI value to track inflation on a monthly basis.
According to Statistics Canada consumer price index, the dollar experienced an average inflation rate of 2.88% per year. Prices in 2018 are 1338.5% higher than prices in 1924.
In other words, CA$1 in the year 1924 is equivalent in purchasing power to CA$14.38 in 2018, a difference of CA$13.38 over 94 years.
The current inflation rate in 2018 is 0.38%1. If this number holds, CA$1 today will be equivalent to CA$1.00 next year.
|Cumulative price change||1338.46%|
|Average inflation rate||2.88%|
|Price difference (CA$1 base)||CA$13.38|
|CPI in 1924||9.1|
|CPI in 2018||130.9|
You may use the following MLA citation for this page: “Inflation Rate in 1924 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/CAD-inflation-rate-in-1924.