1924 dollars in 1988 | Canada Inflation Calculator

Canada Inflation Calculator

Canadian Inflation Rate, $100 in 1924 to 1988

According to Statistics Canada consumer price index, prices in 1988 are 694.51% higher than average prices throughout 1924. The dollar experienced an average inflation rate of 3.29% per year during this period, meaning the real value of a dollar decreased.

In other words, $100 in 1924 is equivalent in purchasing power to about $794.51 in 1988, a difference of $694.51 over 64 years.

The 1924 inflation rate was -1.09%. The inflation rate in 1988 was 3.88%. The 1988 inflation rate is higher compared to the average inflation rate of 2.00% per year between 1988 and 2019.

Contents

Overview
Buying Power of $100
Formulas & How to Calculate
Data Source

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Inflation from 1924 to 1988
Cumulative price change	694.51%
Average inflation rate	3.29%
Converted amount ($100 base)	$794.51
Price difference ($100 base)	$694.51
CPI in 1924	9.100
CPI in 1988	72.300
Inflation in 1924	-1.09%
Inflation in 1988	3.88%

CAD inflation chart from 1914 to 2017

Buying power of $100 in 1924

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $100 in 1924 (price index tracking began in 1914).

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According to Statistics Canada, each of these CAD amounts below is equal in terms of what it could buy at the time:

Year	Dollar Value	Inflation Rate
1924	$100.00	-1.09%
1925	$102.20	2.20%
1926	$101.10	-1.08%
1927	$100.00	-1.09%
1928	$101.10	1.10%
1929	$103.30	2.17%
1930	$96.70	-6.38%
1931	$86.81	-10.23%
1932	$80.22	-7.59%
1933	$78.02	-2.74%
1934	$79.12	1.41%
1935	$81.32	2.78%
1936	$82.42	1.35%
1937	$85.71	4.00%
1938	$83.52	-2.56%
1939	$85.71	2.63%
1940	$90.11	5.13%
1941	$95.60	6.10%
1942	$98.90	3.45%
1943	$101.10	2.22%
1944	$98.90	-2.17%
1945	$101.10	2.22%
1946	$106.59	5.43%
1947	$121.98	14.43%
1948	$132.97	9.01%
1949	$134.07	0.83%
1950	$141.76	5.74%
1951	$157.14	10.85%
1952	$154.95	-1.40%
1953	$154.95	0.00%
1954	$154.95	0.00%
1955	$156.04	0.71%
1956	$160.44	2.82%
1957	$163.74	2.05%
1958	$168.13	2.68%
1959	$170.33	1.31%
1960	$172.53	1.29%
1961	$172.53	0.00%
1962	$175.82	1.91%
1963	$179.12	1.88%
1964	$182.42	1.84%
1965	$187.91	3.01%
1966	$194.51	3.51%
1967	$202.20	3.95%
1968	$210.99	4.35%
1969	$220.88	4.69%
1970	$223.08	1.00%
1971	$234.07	4.93%
1972	$246.15	5.16%
1973	$269.23	9.38%
1974	$303.30	12.65%
1975	$331.87	9.42%
1976	$350.55	5.63%
1977	$383.52	9.40%
1978	$416.48	8.60%
1979	$457.14	9.76%
1980	$507.69	11.06%
1981	$569.23	12.12%
1982	$621.98	9.27%
1983	$650.55	4.59%
1984	$674.73	3.72%
1985	$704.40	4.40%
1986	$734.07	4.21%
1987	$764.84	4.19%
1988	$794.51	3.88%
1989	$836.26	5.26%
1990	$878.02	4.99%
1991	$910.99	3.75%
1992	$930.77	2.17%
1993	$946.15	1.65%
1994	$948.35	0.23%
1995	$964.84	1.74%
1996	$985.71	2.16%
1997	$993.41	0.78%
1998	$1,003.30	1.00%
1999	$1,029.67	2.63%
2000	$1,062.64	3.20%
2001	$1,070.33	0.72%
2002	$1,110.99	3.80%
2003	$1,134.07	2.08%
2004	$1,158.24	2.13%
2005	$1,182.42	2.09%
2006	$1,202.20	1.67%
2007	$1,230.77	2.38%
2008	$1,245.05	1.16%
2009	$1,261.54	1.32%
2010	$1,291.21	2.35%
2011	$1,320.88	2.30%
2012	$1,331.87	0.83%
2013	$1,348.35	1.24%
2014	$1,368.13	1.47%
2015	$1,390.11	1.61%
2016	$1,410.99	1.50%
2017	$1,432.97	1.56%
2018	$1,437.36	0.31%
2019	$1,465.93	1.99%*

* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

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How to Calculate Inflation Rate for $100, 1924 to 1988

This inflation calculator uses the following inflation rate formula:

CPI in 1988CPI in 1924

1924 CAD value

1988 CAD value

Then plug in historical CPI values. The Canadian CPI was 9.1 in the year 1924 and 72.3 in 1988:

72.39.1

$100

$794.51

$100 in 1924 has the same "purchasing power" or "buying power" as $794.51 in 1988.

To get the total inflation rate for the 64 years between 1924 and 1988, we use the following formula:

CPI in 1988 - CPI in 1924CPI in 1924

100

Cumulative inflation rate (64 years)

Plugging in the values to this equation, we get:

72.3 - 9.19.1

100

695%

Data Source & Citation

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: “1924 dollars in 1988 | Canada Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 6 Dec. 2019, https://www.officialdata.org/1924-CAD-in-1988.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Other resources:

Inflation from 1924 to 1988
Cumulative price change	694.51%
Average inflation rate	3.29%
Converted amount ($100 base)	$794.51
Price difference ($100 base)	$694.51
CPI in 1924	9.100
CPI in 1988	72.300
Inflation in 1924	-1.09%
Inflation in 1988	3.88%

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$100 in 1924 → $794.51 in 1988