Inflation Canada 1929
Average inflation: 1.0%
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in May at 2.2%. The lowest inflation was in January at 0.0%.
- Highest month
- May: 2.2%
- Lowest month
- January: 0.0%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.6% higher than the 5-year average of 0.4%.
- 5-year average
- 0.4%
- 10-year average
- -0.3%
- All-time high (1917)
- 18%
- All-time low (1921)
- -11.9%
Trend
Inflation shows an upward trend. Compared to 1928, inflation has risen by +0.3 percentage point.
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- July: +3.3 percentage points
ECB Target
Inflation is 1.0% 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 €101.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1929
Month overview
| Month | Inflation | Difference vs. 1928 |
|---|---|---|
| January | 0.0% | 0.0 |
| February | 0.0% | 0.0 |
| March | 1.1% | +1.1 |
| April | 0.0% | -1.1 |
| May | 2.2% | +2.2 |
| June | 2.2% | +2.2 |
| July | 2.2% | +3.3 |
| August | 0.0% | -2.2 |
| September | 0.0% | -2.2 |
| October | 1.1% | -1.1 |
| November | 1.1% | 0.0 |
| December | 2.2% | +1.1 |
| Average | 1.0% |
Data source
Data from OECD. Last updated: 20/12/2025.