Value of $1 from 1965 to 1964
$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 in 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 3.82% per year between 1965 and 2026.
⌃
| 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 |
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 1964CPI in 1965
×
1965 CAD value
=
1964 CAD value
Then plug in historical CPI values. The Canadian CPI was 16.81666667 in the year 1965 and 16.43333333 in 1964:
16.4333333316.81666667
×
$1
=
$0.98
$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:
CPI in 1964 - CPI in 1965CPI in 1965
×
100
=
Cumulative inflation rate (1 years)
Plugging in the values to this equation, we get:
16.43333333 - 16.8166666716.81666667
×
100
=
-2%
Frequently asked questions
How much is $1 from 1965 worth in 1964?
$1 in 1965 has about the same buying power as $0.98 in 1964, based on the consumer price index published by Statistics Canada. Prices in 1964 are 2.28% lower than they were in 1965.
What was the inflation rate in 1964?
The Canadian inflation rate in 1964 was 1.91%, measured as the change in the consumer price index from 1963 to 1964. See inflation in 1964 for more detail.
What has the average inflation rate been from 1964 to 1965?
Prices rose by an average of 2.33% per year between 1964 and 1965, a cumulative increase of 2.33%.
How is this calculated?
Divide the CPI in 1964 (16.433) by the CPI in 1965 (16.817), then multiply by the original amount: 16.433 ÷ 16.817 × $1 = $0.98. See the step-by-step formula above.
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 → $0.98 in 1964 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/canada/inflation/1965?amount=1&endYear=1964.
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 |