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# \$1 in 1965 → \$0.97 in 1964

### Canadian Inflation Rate, \$1 in 1965 to 1964

According to Statistics Canada consumer price index, prices in 1964 are 2.92% lower than average prices since 1965. 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, \$1 in 1965 is equivalent in purchasing power to about \$0.97 in 1964.

The 1964 inflation rate was 1.84%. The inflation rate in 1965 was 3.01%. The 1965 inflation rate is lower compared to the average inflation rate of 3.85% per year between 1965 and 2020.

 Average inflation rate 3.01% Converted amount (\$1 base) \$0.97 Price difference (\$1 base) \$-0.03 CPI in 1965 17.100 CPI in 1964 16.600 Inflation in 1964 1.84% Inflation in 1965 3.01%

### How to Calculate Inflation Rate for \$1, 1964 to 1965

This inflation calculator uses the following inflation rate formula:

CPI in 1964CPI in 1965
×
=

Then plug in historical CPI values. The Canadian CPI was 17.1 in the year 1965 and 16.6 in 1964:

16.617.1
×
\$1
=
\$0.97

\$1 in 1965 has the same "purchasing power" or "buying power" as \$0.97 in 1964.

To get the total inflation rate for the 1 years between 1964 and 1965, we use the following formula:

CPI in 1964 - CPI in 1965CPI in 1965
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

16.6 - 17.117.1
×
100
=
-3%

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

• Aleksei Leonov, a Soviet cosmonaut, makes the first Spacewalk, when he leaves the Hos spacecraft for 12 minutes.
• Winston Churchill, is given the largest state funeral ever, it takes place in St Paul's Cathedral, London.
• The Supreme Court legalises the use of contraception by married couples.
• France becomes the third nation in space, after launching its first satellite.
• Lyndon B. Johnson, US President, signs the Voting Rights Act, making voting discrimination against minorities illegal.

### 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 1965 → 1964 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Jan. 2020, https://www.officialdata.org/1965-CAD-in-1964?amount=1.