Canadian inflation rate in 1924: -1.09%

Canada Inflation Calculator


Canadian Inflation Rate, 1924-2017 (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, 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.

Inflation from 1924 to 2017
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

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 2017 / CPI in 1924 * 1924 CAD value = 2017 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.1 in the year 1924 and 130.4 in 2017:

130.4 / 9.1 * CA$1 = CA$14.33

CA$1 in 1924 has the same "purchasing power" as CA$14.33 in 2017.

Inflation Data Source: The government of Canada's annual Consumer Price Index (CPI), established in 1914 and computed by Statistics Canada (StatCan).

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