Inflation Canada 1928
Average inflation: 0.7%
Current Inflation
Inflation is very low at 0.7%, well below the ECB target.
Peak and Trough
The highest inflation was in August at 2.2%. The lowest inflation was in July at -1.1%.
- Highest month
- August: 2.2%
- Lowest month
- July: -1.1%
- Difference
- 3.3 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.9% higher than the 5-year average of -0.2%.
- 5-year average
- -0.2%
- 10-year average
- 0.6%
- All-time high (1917)
- 18%
- All-time low (1921)
- -11.9%
Trend
Inflation has remained relatively stable. Compared to 1927, the difference is minimal (+2.2 percentage point).
- Change vs. previous year
- +2.2 percentage points
- Largest monthly swing
- August: +4.4 percentage points
ECB Target
Inflation is 1.3% 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 €100.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1928
Month overview
| Month | Inflation | Difference vs. 1927 |
|---|---|---|
| January | 0.0% | 0.0 |
| February | 0.0% | 0.0 |
| March | 0.0% | +1.1 |
| April | 1.1% | +3.3 |
| May | 0.0% | +2.2 |
| June | 0.0% | +2.2 |
| July | -1.1% | 0.0 |
| August | 2.2% | +4.4 |
| September | 2.2% | +4.4 |
| October | 2.2% | +4.4 |
| November | 1.1% | +2.2 |
| December | 1.1% | +2.2 |
| Average | 0.7% |
Data source
Data from OECD. Last updated: 20/12/2025.