Inflation Canada 1923
Average inflation: 0.0%
Current Inflation
Inflation is very low at 0.0%, well below the ECB target.
Peak and Trough
The highest inflation was in March at 1.1%. The lowest inflation was in January at -2.1%.
- Highest month
- March: 1.1%
- Lowest month
- January: -2.1%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.3% lower than the 5-year average of 1.3%.
- 5-year average
- 1.3%
- 10-year average
- 5.4%
- All-time high (1917)
- 18%
- All-time low (1921)
- -11.9%
Trend
Inflation shows an upward trend. Compared to 1922, inflation has risen by +7.6 percentage point.
- Change vs. previous year
- +7.6 percentage points
- Largest monthly swing
- March: +13.5 percentage points
ECB Target
Inflation is 2.0% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1923
Month overview
| Month | Inflation | Difference vs. 1922 |
|---|---|---|
| January | -2.1% | +12.4 |
| February | -1.1% | +12.8 |
| March | 1.1% | +13.5 |
| April | 0.0% | +9.8 |
| May | 1.1% | +10.1 |
| June | 1.1% | +7.3 |
| July | 0.0% | +6.2 |
| August | 0.0% | +5.2 |
| September | 0.0% | +5.2 |
| October | 0.0% | +5.2 |
| November | 0.0% | +2.1 |
| December | 0.0% | +2.1 |
| Average | 0.0% |
Data source
Data from OECD. Last updated: 20/12/2025.