Inflation Canada 1919

Average inflation: 9.6%

Current Inflation

Inflation is very high at 9.6%, far above the ECB target.

Peak and Trough

The highest inflation was in January at 13.1%. The lowest inflation was in November at 7.4%.

Highest month
January: 13.1%
Lowest month
November: 7.4%
Difference
5.7 percentage points
Months with data
12 of 12

Historical Context

Current inflation is 0.8% lower than the 5-year average of 10.4%.

5-year average
10.4%
10-year average
10.4%
All-time high (1917)
18%
All-time low (1915)
2.1%

Trend

Inflation shows a downward trend. Compared to 1918, inflation has fallen by +3.5 percentage point.

Change vs. previous year
-3.5 percentage points
Largest monthly swing
November: -7.2 percentage points

ECB Target

Inflation is 7.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.

Purchasing Power

At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.

What you could buy for €100 this year will cost approximately €109.60 next year at this inflation rate.

Multi-year trend

Monthly figures 1919

Month overview

Month Inflation Difference vs. 1918
January 13.1% -0.4
February 10.6% -4.3
March 9.3% -3.9
April 9.3% -3.9
May 11.5% +1.4
June 10.2% +0.2
July 10.1% -1.2
August 8.7% -6.3
September 8.7% -6.3
October 7.5% -5.9
November 7.4% -7.2
December 8.5% -4.8
Average 9.6%

Data source

Data from OECD. Last updated: 20/12/2025.

See also