Inflation Canada 1921
Average inflation: -11.9%
Current Inflation
There is deflation with consumer prices declining by 11.9%.
Peak and Trough
The highest inflation was in January at 3.8%. The lowest inflation was in June at -17.8%.
- Highest month
- January: 3.8%
- Lowest month
- June: -17.8%
- Difference
- 21.6 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 20.9% lower than the 5-year average of 9.0%.
- 5-year average
- 9%
- 10-year average
- 8%
- All-time high (1917)
- 18%
- All-time low (1921)
- -11.9%
Trend
Inflation shows a downward trend. Compared to 1920, inflation has fallen by +28.2 percentage point.
- Change vs. previous year
- -28.2 percentage points
- Largest monthly swing
- June: -39.4 percentage points
ECB Target
Inflation is 13.9% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €88.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1921
Month overview
| Month | Inflation | Difference vs. 1920 |
|---|---|---|
| January | 3.8% | -7.8 |
| February | 0.0% | -14.9 |
| March | -6.3% | -25.4 |
| April | -9.7% | -29.9 |
| May | -13.8% | -33.4 |
| June | -17.8% | -39.4 |
| July | -17.8% | -38.2 |
| August | -17.1% | -34.1 |
| September | -15.7% | -30.7 |
| October | -15.7% | -30.7 |
| November | -16.8% | -28.7 |
| December | -16.1% | -25.9 |
| Average | -11.9% |
Data source
Data from OECD. Last updated: 20/12/2025.