Inflation Canada 1940
Average inflation: 4.2%
Current Inflation
Inflation is high at 4.2%, well above the ECB target.
Peak and Trough
The highest inflation was in September at 6.6%. The lowest inflation was in January at 2.6%.
- Highest month
- September: 6.6%
- Lowest month
- January: 2.6%
- Difference
- 4.0 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 2.3% higher than the 5-year average of 1.9%. This approaches the highest level since records began (4.2% in 1940).
- 5-year average
- 1.9%
- 10-year average
- -1.2%
- All-time high (1940)
- 4.2%
- All-time low (1921)
- -11.9%
Trend
Inflation shows an upward trend. Compared to 1939, inflation has risen by +5.0 percentage point.
- Change vs. previous year
- +5.0 percentage points
- Largest monthly swing
- July: +7.9 percentage points
ECB Target
Inflation is 2.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1940
Month overview
| Month | Inflation | Difference vs. 1939 |
|---|---|---|
| January | 2.6% | +3.9 |
| February | 2.6% | +3.9 |
| March | 3.9% | +6.5 |
| April | 3.9% | +6.5 |
| May | 3.9% | +5.2 |
| June | 3.9% | +5.2 |
| July | 5.3% | +7.9 |
| August | 5.3% | +7.9 |
| September | 6.6% | +7.9 |
| October | 3.8% | +1.2 |
| November | 3.8% | +1.2 |
| December | 5.1% | +2.5 |
| Average | 4.2% |
Data source
Data from OECD. Last updated: 20/12/2025.