Inflation Canada 1938
Average inflation: 0.5%
Current Inflation
Inflation is very low at 0.5%, well below the ECB target.
Peak and Trough
The highest inflation was in March at 2.6%. The lowest inflation was in October at -2.6%.
- Highest month
- March: 2.6%
- Lowest month
- October: -2.6%
- Difference
- 5.2 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.1% lower than the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- -1.6%
- All-time high (1920)
- 16.3%
- All-time low (1921)
- -11.9%
Trend
Inflation shows a downward trend. Compared to 1937, inflation has fallen by +3.1 percentage point.
- Change vs. previous year
- -3.1 percentage points
- Largest monthly swing
- October: -6.6 percentage points
ECB Target
Inflation is 1.5% 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 €100.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1938
Month overview
| Month | Inflation | Difference vs. 1937 |
|---|---|---|
| January | 1.3% | -1.4 |
| February | 1.3% | -1.4 |
| March | 2.6% | -0.1 |
| April | 2.6% | -1.5 |
| May | 1.3% | -2.8 |
| June | 1.3% | -2.8 |
| July | 2.6% | -0.1 |
| August | 1.3% | -2.8 |
| September | 0.0% | -4.1 |
| October | -2.6% | -6.6 |
| November | -2.6% | -6.6 |
| December | -2.6% | -6.6 |
| Average | 0.5% |
Data source
Data from OECD. Last updated: 20/12/2025.