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, the dollar experienced an average inflation rate of 2.90% per year. Prices in 2017 are 1333.0% higher than prices in 1924.
In other words, CA$1 in the year 1924 is equivalent to CA$14.33 in 2017, a difference of CA$13.33 over 93 years.
The current inflation rate in 2017 is 1.56%1. If this number holds, CA$1 today will be equivalent to CA$1.02 next year.
|Cumulative price change||1332.97%|
|Average inflation rate||2.90%|
|Price difference (CA$1 base)||CA$13.33|
|CPI in 1924||9.1|
|CPI in 2017||130.4|