Raman spectral parameters were determined for the v₁ band of CH4 and the v₁ and 2v₂ bands (Fermi diad) of CO₂ in pure CO₂ and CO₂-CH₄ mixtures at pressures up to 700 bars and room temperature. Peak position, area, height, and width were investigated as functions of pressure and composition. The peak positions of the CH₄ and CO₂ bands shift to lower relative wavenumbers as fluid pressure is increased. The peak position of the lower-wavenumber member of the Fermi diad for CO₂ is sensitive to fluid composition, whereas the peak positions of the CH₄ band and the upper Fermi diad member for CO₂ are relatively insensitive in the CO₂-CH₄ system. The magnitude of the shifts in each of the three peak positions (as a function of pressure) is sufficient to be useful as a monitor of fluid pressure. The relative molar proportions in a CO₂-CH₄ mixture may be determined from the peak areas: the ratio of the peak areas of the CH₄ band and the CO₂ upper Fermi diad member is very sensitive to composition, whereas above about 100 bars, it is insensitive to pressure. Likewise, the peak height ratio is very sensitive to composition but also to fluid pressure. The individual peak widths of CO₂ and CH₄, as well as the ratios of the widths of the CH₄ peak to the CO₂ peaks are a sensitive function of pressure and, to a lesser extent, composition. Thus, upon determination of fluid composition, the peak width ratios may be used as a monitor of fluid pressure. The application of these spectral parameters to a suite of natural CO₂-CH₄ inclusions has yielded internally-consistent, quantitative determinations of the fluid composition and density.