$1 in 1995 is worth $0.98 in 1994

$

Value of $1 from 1995 to 1994

$1 in 1995 is equivalent in purchasing power to about $0.98 in 1994. The dollar had an average inflation rate of 2.15% per year between 1994 and 1995, producing a cumulative price increase of -2.10%.

This means that prices in 1994 are 2.1% lower than average prices in 1995, according to Statistics Canada consumer price index.

The inflation rate in 1994 was 0.17%. The inflation rate in 1995 was 2.15%. The 1995 inflation rate is higher compared to the average inflation rate of 2.07% per year between 1995 and 2026.

⌃
Inflation from 1995 to 1994
Average inflation rate 2.15%
Converted amount
$1 base		 $0.98
Price difference
$1 base		 $-0.02
CPI in 1995 87.550
CPI in 1994 85.708
Inflation in 1994 0.17%
Inflation in 1995 2.15%
$1 in 1995 $0.98 in 1994
Recent CAD inflation
Annual Rate, Statistics Canada CPI
Download

How to calculate inflation rate for $1, 1994 to 1995

Our calculations use the following inflation rate formula to calculate the change in value between 1994 and 1995:

CPI in 1994CPI in 1995
×
1995 CAD value
=
1994 CAD value

Then plug in historical CPI values. The Canadian CPI was 87.55 in the year 1995 and 85.70833333 in 1994:

85.7083333387.55
×
$1
=
$0.98

$1 in 1995 has the same "purchasing power" or "buying power" as $0.98 in 1994.

To get the total inflation rate for the 1 years between 1994 and 1995, we use the following formula:

CPI in 1994 - CPI in 1995CPI in 1995
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

85.70833333 - 87.5587.55
×
100
=
-2%

Frequently asked questions

How much is $1 from 1995 worth in 1994?

$1 in 1995 has about the same buying power as $0.98 in 1994, based on the consumer price index published by Statistics Canada. Prices in 1994 are 2.10% lower than they were in 1995.

What was the inflation rate in 1994?

The Canadian inflation rate in 1994 was 0.17%, measured as the change in the consumer price index from 1993 to 1994. See inflation in 1994 for more detail.

What has the average inflation rate been from 1994 to 1995?

Prices rose by an average of 2.15% per year between 1994 and 1995, a cumulative increase of 2.15%.

How is this calculated?

Divide the CPI in 1994 (85.708) by the CPI in 1995 (87.55), then multiply by the original amount: 85.708 ÷ 87.55 × $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 1995 → $0.98 in 1994 | Canada Inflation Calculator.” Official Inflation Data, Alioth Finance, 9 Oct. 2026, https://www.officialdata.org/canada/inflation/1995?amount=1&endYear=1994.

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.

Email · LinkedIn · Twitter

Inflation from 1995 to 1994
Average inflation rate 2.15%
Converted amount
$1 base		 $0.98
Price difference
$1 base		 $-0.02
CPI in 1995 87.550
CPI in 1994 85.708
Inflation in 1994 0.17%
Inflation in 1995 2.15%
$1 in 1995 $0.98 in 1994