Inflation Canada 1953
Average inflation: -1.0%
Inflation in 1953
There is deflation with consumer prices declining by 1.0%.
Peak and Trough
The highest inflation was in October at 0.7%. The lowest inflation was in January at -2.1%.
- Highest month
- October: 0.7%
- Lowest month
- January: -2.1%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 4.7 percentage points lower than the 5-year average of 3.7%.
- 5-year average
- 3.7%
- 10-year average
- 4.6%
- All-time high (1948)
- 14.4%
- All-time low (1953)
- -1%
Trend
Over the period 1951-1953, inflation shows a downward trend. Compared to 1952, inflation has fallen by 3.7 percentage points.
- Change vs. previous year
- -3.7 percentage points
- Largest monthly swing
- January: -12.9 percentage points
ECB Target
Inflation is 3.0 percentage points 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 CA$100 this year will cost approximately CA$99 next year at this inflation rate.
Multi-year trend
Monthly figures 1953
Month overview
| Month | Inflation | Difference vs. 1952 |
|---|---|---|
| January | -2.1% | -12.9 |
| February | -2.1% | -9.6 |
| March | -2.1% | -8.1 |
| April | -2.1% | -6.5 |
| May | -1.4% | -5.1 |
| June | -1.4% | -2.8 |
| July | -1.4% | -2.8 |
| August | 0.0% | -0.7 |
| September | 0.0% | 0.0 |
| October | 0.7% | +1.4 |
| November | 0.0% | +1.4 |
| December | 0.0% | +1.4 |
| Average | -1.0% |
Data source
Data from OECD. Last updated: 20/12/2025.