Inflation Canada 1947
Average inflation: 9.0%
Current Inflation
Inflation is very high at 9.0%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 14.4%. The lowest inflation was in January at 5.4%.
- Highest month
- December: 14.4%
- Lowest month
- January: 5.4%
- Difference
- 9.0 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 5.9% higher than the 5-year average of 3.1%. This approaches the highest level since records began (9.0% in 1947).
- 5-year average
- 3.1%
- 10-year average
- 3%
- All-time high (1947)
- 9%
- All-time low (1931)
- -9.9%
Trend
Inflation shows an upward trend. Compared to 1946, inflation has risen by +5.9 percentage point.
- Change vs. previous year
- +5.9 percentage points
- Largest monthly swing
- December: +9.0 percentage points
ECB Target
Inflation is 7.0% 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 €109.00 next year at this inflation rate.
Multi-year trend
Monthly figures 1947
Month overview
| Month | Inflation | Difference vs. 1946 |
|---|---|---|
| January | 5.4% | +3.2 |
| February | 5.4% | +4.3 |
| March | 6.5% | +5.4 |
| April | 7.6% | +6.5 |
| May | 9.8% | +8.7 |
| June | 8.5% | +6.3 |
| July | 8.4% | +5.1 |
| August | 7.3% | +3.0 |
| September | 10.4% | +6.1 |
| October | 11.3% | +5.9 |
| November | 12.4% | +7.0 |
| December | 14.4% | +9.0 |
| Average | 9.0% |
Data source
Data from OECD. Last updated: 20/12/2025.