$1 in 1985 is worth $0.96 in 1984

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Value of $1 from 1985 to 1984

$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 in 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 2.38% per year between 1985 and 2026.

⌃
Inflation from 1985 to 1984
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
Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

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 1984CPI in 1985
×
1985 CAD value
=
1984 CAD value

Then plug in historical CPI values. The Canadian CPI was 62.975 in the year 1985 and 60.575 in 1984:

60.57562.975
×
$1
=
$0.96

$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:

CPI in 1984 - CPI in 1985CPI in 1985
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

60.575 - 62.97562.975
×
100
=
-4%

Frequently asked questions

How much is $1 from 1985 worth in 1984?

$1 in 1985 has about the same buying power as $0.96 in 1984, based on the consumer price index published by Statistics Canada. Prices in 1984 are 3.81% lower than they were in 1985.

What was the inflation rate in 1984?

The Canadian inflation rate in 1984 was 4.30%, measured as the change in the consumer price index from 1983 to 1984. See inflation in 1984 for more detail.

What has the average inflation rate been from 1984 to 1985?

Prices rose by an average of 3.96% per year between 1984 and 1985, a cumulative increase of 3.96%.

How is this calculated?

Divide the CPI in 1984 (60.575) by the CPI in 1985 (62.975), then multiply by the original amount: 60.575 ÷ 62.975 × $1 = $0.96. 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 1985 → $0.96 in 1984 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/canada/inflation/1985?amount=1&endYear=1984.

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.

Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1985 to 1984
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