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# \$100 in 1924 → \$1,320.88 in 2011

### Canadian Inflation Rate, \$100 in 1924 to 2011

According to Statistics Canada consumer price index, prices in 2011 are 1,220.88% higher than average prices since 1924. The Canadian dollar experienced an average inflation rate of 3.01% 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 \$1,320.88 in 2011, a difference of \$1,220.88 over 87 years.

The 1924 inflation rate was -1.09%. The inflation rate in 2011 was 2.30%. The 2011 inflation rate is higher compared to the average inflation rate of 1.41% per year between 2011 and 2020.

 Cumulative price change 1,220.88% Average inflation rate 3.01% Converted amount (\$100 base) \$1,320.88 Price difference (\$100 base) \$1,220.88 CPI in 1924 9.100 CPI in 2011 120.200 Inflation in 1924 -1.09% Inflation in 2011 2.30%

CAD Inflation since 1914
Annual Rate, Statistics Canada CPI

### Buying power of \$100 in 1924

This chart shows a calculation of buying power equivalence for \$100 in 1924 (price index tracking began in 1914).

For example, if you started with \$100, you would need to end with \$1,320.88 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$100 is equivalent to \$1,320.88 over time, that means that the "real value" of a single Canadian dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1924 dollars, the chart below shows how \$100 buys less over the past 87 years.

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%
2020 \$1,498.90 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 81 more rows

### How to Calculate Inflation Rate for \$100, 1924 to 2011

This inflation calculator uses the following inflation rate formula:

CPI in 2011CPI in 1924
×
=

Then plug in historical CPI values. The Canadian CPI was 9.1 in the year 1924 and 120.2 in 2011:

120.29.1
×
\$100
=
\$1,320.88

\$100 in 1924 has the same "purchasing power" or "buying power" as \$1,320.88 in 2011.

To get the total inflation rate for the 87 years between 1924 and 2011, we use the following formula:

CPI in 2011 - CPI in 1924CPI in 1924
×
100
=
Cumulative inflation rate (87 years)

Plugging in the values to this equation, we get:

120.2 - 9.19.1
×
100
=
1,221%

### 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 2011 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 19 Jan. 2020, https://www.officialdata.org/1924-CAD-in-2011.

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.

 Cumulative price change 1,220.88% Average inflation rate 3.01% Converted amount (\$100 base) \$1,320.88 Price difference (\$100 base) \$1,220.88 CPI in 1924 9.100 CPI in 2011 120.200 Inflation in 1924 -1.09% Inflation in 2011 2.30%