Inflation in 1985 and its effect on dollar value
$1 in 1984 is equivalent in purchasing power to about $1.04 in 1985. The dollar had an average inflation rate of 3.96% per year between 1984 and 1985, producing a cumulative price increase of 3.96%. Purchasing power decreased by 3.96% in 1985 compared to 1984. On average, you would have to spend 3.96% more money in 1985 than in 1984 for the same item.
This means that prices in 1985 are 1.04 times as high as average prices since 1984, 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.
Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 1985 was 62.98. It was 60.58 in the previous year, 1984. The difference in CPI between the years is used by Statistics Canada to officially determine inflation.
⌃
| Average inflation rate | 3.96% |
| Converted amount $1 base | $1.04 |
| Price difference $1 base | $0.04 |
| CPI in 1984 | 60.575 |
| CPI in 1985 | 62.975 |
| Inflation in 1984 | 4.30% |
| Inflation in 1985 | 3.96% |
| $1 in 1984 | $1.04 in 1985 |
How to calculate inflation rate for $1, 1984 to 1985
Our calculations use the following inflation rate formula to calculate the change in value between 1984 and 1985:
CPI in 1985 CPI in 1984
×
1984 CAD value
=
1985 CAD value
Then plug in historical CPI values. The Canadian CPI was 60.575 in the year 1984 and 62.975 in 1985:
62.97560.575
×
$1
=
$1.04
$1 in 1984 has the same "purchasing power" or "buying power" as $1.04 in 1985.
To get the total inflation rate for the 1 years between 1984 and 1985, we use the following formula:
CPI in 1985 - CPI in 1984CPI in 1984
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
62.975 - 60.57560.575
×
100
=
4%
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 1985 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Dec. 2024, https://www.officialdata.org/CAD-inflation-rate-in-1985.
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 | $1.04 |
| Price difference $1 base | $0.04 |
| CPI in 1984 | 60.575 |
| CPI in 1985 | 62.975 |
| Inflation in 1984 | 4.30% |
| Inflation in 1985 | 3.96% |
| $1 in 1984 | $1.04 in 1985 |