Inflation Canada 1956
Average inflation: 1.3%
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in August at 2.8%. The lowest inflation was in February at 0.0%.
- Highest month
- August: 2.8%
- Lowest month
- February: 0.0%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.5% higher than the 5-year average of 0.8%.
- 5-year average
- 0.8%
- 10-year average
- 4.4%
- All-time high (1948)
- 14.4%
- All-time low (1953)
- -1%
Trend
Inflation has remained relatively stable. Compared to 1955, the difference is minimal (+1.1 percentage point).
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- August: +3.5 percentage points
ECB Target
Inflation is 0.7% 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 €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1956
Month overview
| Month | Inflation | Difference vs. 1955 |
|---|---|---|
| January | 0.7% | +0.7 |
| February | 0.0% | 0.0 |
| March | 0.0% | -0.7 |
| April | 0.0% | -0.7 |
| May | 0.0% | -0.7 |
| June | 1.4% | +1.4 |
| July | 2.1% | +2.1 |
| August | 2.8% | +3.5 |
| September | 1.4% | +1.4 |
| October | 2.1% | +2.1 |
| November | 2.8% | +2.8 |
| December | 2.8% | +2.1 |
| Average | 1.3% |
Data source
Data from OECD. Last updated: 20/12/2025.