Inflation Canada 1939
Average inflation: -0.8%
Current Inflation
There is deflation with consumer prices declining by 0.8%.
Peak and Trough
The highest inflation was in October at 2.6%. The lowest inflation was in March at -2.6%.
- Highest month
- October: 2.6%
- Lowest month
- March: -2.6%
- Difference
- 5.2 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 2.0% lower than the 5-year average of 1.2%.
- 5-year average
- 1.2%
- 10-year average
- -1.8%
- All-time high (1920)
- 16.3%
- All-time low (1921)
- -11.9%
Trend
Inflation shows a downward trend. Compared to 1938, inflation has fallen by +1.3 percentage point.
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- March: -5.2 percentage points
ECB Target
Inflation is 2.8% 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 €99.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1939
Month overview
| Month | Inflation | Difference vs. 1938 |
|---|---|---|
| January | -1.3% | -2.6 |
| February | -1.3% | -2.6 |
| March | -2.6% | -5.2 |
| April | -2.6% | -5.2 |
| May | -1.3% | -2.6 |
| June | -1.3% | -2.6 |
| July | -2.6% | -5.2 |
| August | -2.6% | -3.9 |
| September | -1.3% | -1.3 |
| October | 2.6% | +5.2 |
| November | 2.6% | +5.2 |
| December | 2.6% | +5.2 |
| Average | -0.8% |
Data source
Data from OECD. Last updated: 20/12/2025.