Canadian inflation rate in 1924: -1.09%

Canada Inflation Calculator


Canadian Inflation Rate, 1924-2018 (CA$1)

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.

Inflation from 1924 to 2018
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

CAD inflation chart from 1914 to 2017

How to calculate the inflation rate for CA$1 since 1924

Start with the inflation rate formula:

CPI in 2018 / CPI in 1924 * 1924 CAD value = 2018 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.1 in the year 1924 and 130.9 in 2018:

130.9 / 9.1 * CA$1 = CA$14.38

CA$1 in 1924 has the same "purchasing power" as CA$14.38 in 2018.

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: “Inflation Rate in 1924 | Canada Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018,

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