# Canadian inflation rate in 1965: 2.33%

\$

## Inflation in 1965 and its effect on dollar value

\$1 in 1964 is equivalent in purchasing power to about \$1.02 in 1965. The dollar had an average inflation rate of 2.33% per year between 1964 and 1965, producing a cumulative price increase of 2.33%. Purchasing power decreased by 2.33% in 1965 compared to 1964. On average, you would have to spend 2.33% more money in 1965 than in 1964 for the same item.

This means that prices in 1965 are 1.02 times as high as average prices since 1964, 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 3.94% per year between 1965 and 2023.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1965 was 16.82. It was 16.43 in the previous year, 1964. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.

 Average inflation rate 2.33% Converted amount\$1 base \$1.02 Price difference\$1 base \$0.02 CPI in 1964 16.433 CPI in 1965 16.817 Inflation in 1964 1.91% Inflation in 1965 2.33% \$1 in 1964 \$1.02 in 1965

## How to calculate inflation rate for \$1, 1964 to 1965

Our calculations use the following inflation rate formula to calculate the change in value between 1964 and 1965:

CPI in 1965 CPI in 1964
×
=

Then plug in historical CPI values. The Canadian CPI was 16.43333333 in the year 1964 and 16.81666667 in 1965:

16.8166666716.43333333
×
\$1
=
\$1.02

\$1 in 1964 has the same "purchasing power" or "buying power" as \$1.02 in 1965.

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

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

Plugging in the values to this equation, we get:

16.81666667 - 16.4333333316.43333333
×
100
=
2%

## 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: “Inflation Rate in 1965 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Dec. 2023, https://www.officialdata.org/CAD-inflation-rate-in-1965.

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. 