Inflation Canada 1923
Average inflation: 0.0%
Inflation in 1923
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
Inflation is 1.3 percentage points 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
Over the period 1921-1923, inflation shows an upward trend. Compared to 1922, inflation has risen by 7.6 percentage points.
- Change vs. previous year
- +7.6 percentage points
- Largest monthly swing
- March: +13.5 percentage points
ECB Target
Inflation is 2.0 percentage points 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 CA$100 this year will cost approximately CA$100 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.