Inflation Canada 1944
Average inflation: 0.7%
Current Inflation
Inflation is very low at 0.7%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 3.4%. The lowest inflation was in December at -2.2%.
- Highest month
- January: 3.4%
- Lowest month
- December: -2.2%
- Difference
- 5.6 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 2.8% lower than the 5-year average of 3.5%.
- 5-year average
- 3.5%
- 10-year average
- 2.4%
- All-time high (1941)
- 5.9%
- All-time low (1931)
- -9.9%
Trend
Inflation shows a downward trend. Compared to 1943, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- September: -5.6 percentage points
ECB Target
Inflation is 1.3% 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 €100.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1944
Month overview
| Month | Inflation | Difference vs. 1943 |
|---|---|---|
| January | 3.4% | +2.3 |
| February | 3.4% | +2.3 |
| March | 3.4% | +3.4 |
| April | 1.1% | -1.2 |
| May | 1.1% | -1.2 |
| June | 1.1% | -1.2 |
| July | 0.0% | -2.2 |
| August | 0.0% | -2.2 |
| September | -1.1% | -5.6 |
| October | -1.1% | -4.5 |
| November | -1.1% | -3.3 |
| December | -2.2% | -4.4 |
| Average | 0.7% |
Data source
Data from OECD. Last updated: 20/12/2025.