Inflation Canada 1941
Average inflation: 5.9%
Current Inflation
Inflation is very high at 5.9%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 8.6%. The lowest inflation was in March at 3.8%.
- Highest month
- November: 8.6%
- Lowest month
- March: 3.8%
- Difference
- 4.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 3.2% higher than the 5-year average of 2.7%. This approaches the highest level since records began (5.9% in 1941).
- 5-year average
- 2.7%
- 10-year average
- 0.3%
- All-time high (1941)
- 5.9%
- All-time low (1931)
- -9.9%
Trend
Inflation shows an upward trend. Compared to 1940, inflation has risen by +1.7 percentage point.
- Change vs. previous year
- +1.7 percentage points
- Largest monthly swing
- November: +4.8 percentage points
ECB Target
Inflation is 3.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1941
Month overview
| Month | Inflation | Difference vs. 1940 |
|---|---|---|
| January | 5.1% | +2.5 |
| February | 5.1% | +2.5 |
| March | 3.8% | -0.1 |
| April | 3.8% | -0.1 |
| May | 3.8% | -0.1 |
| June | 6.3% | +2.4 |
| July | 6.3% | +1.0 |
| August | 7.5% | +2.2 |
| September | 7.4% | +0.8 |
| October | 7.4% | +3.6 |
| November | 8.6% | +4.8 |
| December | 6.1% | +1.0 |
| Average | 5.9% |
Data source
Data from OECD. Last updated: 20/12/2025.