\$1 in 1925 → \$0.98 in 1924

\$

Canadian Inflation Rate, \$1 from 1925 to 1924

According to Statistics Canada consumer price index, prices in 1924 are 2.15% lower than average prices since 1925. The Canadian dollar experienced an average inflation rate of 2.20% per year during this period, meaning the real value of a dollar decreased.

In other words, \$1 in 1925 is equivalent in purchasing power to about \$0.98 in 1924.

The 1924 inflation rate was -1.09%. The inflation rate in 1925 was 2.20%. The 1925 inflation rate is lower compared to the average inflation rate of 2.87% per year between 1925 and 2020.

 Average inflation rate 2.20% Converted amount (\$1 base) \$0.98 Price difference (\$1 base) \$-0.02 CPI in 1925 9.300 CPI in 1924 9.100 Inflation in 1924 -1.09% Inflation in 1925 2.20%

How to Calculate Inflation Rate for \$1, 1924 to 1925

This inflation calculator uses the following inflation rate formula:

CPI in 1924CPI in 1925
×
=

Then plug in historical CPI values. The Canadian CPI was 9.3 in the year 1925 and 9.1 in 1924:

9.19.3
×
\$1
=
\$0.98

\$1 in 1925 has the same "purchasing power" or "buying power" as \$0.98 in 1924.

To get the total inflation rate for the 1 years between 1924 and 1925, we use the following formula:

CPI in 1924 - CPI in 1925CPI in 1925
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

9.1 - 9.39.3
×
100
=
-2%

Politics and news often influence economic performance. Here's what was happening at the time:

• The Ku Klux Klan's first national march takes place in Washington.
• The last Qajar Shah of Iran is deposed with Reza Shah Pahlavi taking over.
• Scopes monkey trial ends in Dayton, Tennessee, finding John T. Scopes guilty of teaching evolution.

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: “\$1 in 1925 → 1924 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 Feb. 2020, https://www.officialdata.org/canada/inflation/1925?amount=1&endYear=1924.