$1 in 1965 is equivalent in purchasing power to about $0.98 in 1964. The dollar had an average inflation rate of 2.33% per year between 1964 and 1965, producing a cumulative price increase of -2.28%.
This means that prices in 1964 are 2.28% lower than average prices since 1965, according to Statistics Canada consumer price index.
The inflation rate in 1964 was 1.91%. The inflation rate in 1965 was 2.33%. The 1965 inflation rate is lower compared to the average inflation rate of 3.88% per year between 1965 and 2024.
Average inflation rate | 2.33% |
Converted amount $1 base | $0.98 |
Price difference $1 base | $-0.02 |
CPI in 1965 | 16.817 |
CPI in 1964 | 16.433 |
Inflation in 1964 | 1.91% |
Inflation in 1965 | 2.33% |
$1 in 1965 | $0.98 in 1964 |
Our calculations use the following inflation rate formula to calculate the change in value between 1964 and 1965:
Then plug in historical CPI values. The Canadian CPI was 16.81666667 in the year 1965 and 16.43333333 in 1964:
$1 in 1965 has the same "purchasing power" or "buying power" as $0.98 in 1964.
To get the total inflation rate for the 1 years between 1964 and 1965, we use the following formula:
Plugging in the values to this equation, we get:
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 1965 → 1964 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/1965-CAD-in-1964?amount=1.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
Average inflation rate | 2.33% |
Converted amount $1 base | $0.98 |
Price difference $1 base | $-0.02 |
CPI in 1965 | 16.817 |
CPI in 1964 | 16.433 |
Inflation in 1964 | 1.91% |
Inflation in 1965 | 2.33% |
$1 in 1965 | $0.98 in 1964 |