$1 in 1985 is equivalent in purchasing power to about $0.96 in 1984. The dollar had an average inflation rate of 3.96% per year between 1984 and 1985, producing a cumulative price increase of -3.81%.
This means that prices in 1984 are 3.81% lower than average prices since 1985, according to Statistics Canada consumer price index.
The inflation rate in 1984 was 4.30%. The inflation rate in 1985 was 3.96%. The 1985 inflation rate is higher compared to the average inflation rate of 2.40% per year between 1985 and 2024.
Average inflation rate | 3.96% |
Converted amount $1 base | $0.96 |
Price difference $1 base | $-0.04 |
CPI in 1985 | 62.975 |
CPI in 1984 | 60.575 |
Inflation in 1984 | 4.30% |
Inflation in 1985 | 3.96% |
$1 in 1985 | $0.96 in 1984 |
Our calculations use the following inflation rate formula to calculate the change in value between 1984 and 1985:
Then plug in historical CPI values. The Canadian CPI was 62.975 in the year 1985 and 60.575 in 1984:
$1 in 1985 has the same "purchasing power" or "buying power" as $0.96 in 1984.
To get the total inflation rate for the 1 years between 1984 and 1985, 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 1985 → 1984 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 Mar. 2024, https://www.officialdata.org/1985-CAD-in-1984?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 | 3.96% |
Converted amount $1 base | $0.96 |
Price difference $1 base | $-0.04 |
CPI in 1985 | 62.975 |
CPI in 1984 | 60.575 |
Inflation in 1984 | 4.30% |
Inflation in 1985 | 3.96% |
$1 in 1985 | $0.96 in 1984 |