Inflation Canada 1924
Average inflation: -1.9%
Current Inflation
There is deflation with consumer prices declining by 1.9%.
Peak and Trough
The highest inflation was in January at 0.0%. The lowest inflation was in June at -4.3%.
- Highest month
- January: 0.0%
- Lowest month
- June: -4.3%
- Difference
- 4.3 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.9% lower than the 5-year average of -1.0%.
- 5-year average
- -1%
- 10-year average
- 4.7%
- All-time high (1917)
- 18%
- All-time low (1921)
- -11.9%
Trend
Inflation shows an upward trend. Compared to 1923, inflation has risen by -1.9 percentage point.
- Change vs. previous year
- -1.9 percentage points
- Largest monthly swing
- June: -5.4 percentage points
ECB Target
Inflation is 3.9% 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 €98.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1924
Month overview
| Month | Inflation | Difference vs. 1923 |
|---|---|---|
| January | 0.0% | +2.1 |
| February | 0.0% | +1.1 |
| March | -1.1% | -2.2 |
| April | -2.2% | -2.2 |
| May | -3.3% | -4.4 |
| June | -4.3% | -5.4 |
| July | -3.3% | -3.3 |
| August | -2.2% | -2.2 |
| September | -2.2% | -2.2 |
| October | -2.2% | -2.2 |
| November | -1.1% | -1.1 |
| December | -1.1% | -1.1 |
| Average | -1.9% |
Data source
Data from OECD. Last updated: 20/12/2025.