Inflation Canada 1958
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in March at 3.4%. The lowest inflation was in August at 1.3%.
- Highest month
- March: 3.4%
- Lowest month
- August: 1.3%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.8% higher than the 5-year average of 1.6%.
- 5-year average
- 1.6%
- 10-year average
- 2.6%
- All-time high (1948)
- 14.4%
- All-time low (1953)
- -1%
Trend
Inflation shows an upward trend. Compared to 1957, inflation has risen by -0.9 percentage point.
- Change vs. previous year
- -0.9 percentage points
- Largest monthly swing
- September: -2.2 percentage points
ECB Target
Inflation is 0.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1958
Month overview
| Month | Inflation | Difference vs. 1957 |
|---|---|---|
| January | 2.7% | -0.1 |
| February | 2.7% | -0.8 |
| March | 3.4% | -0.1 |
| April | 2.7% | -1.6 |
| May | 2.7% | -1.6 |
| June | 2.0% | -1.5 |
| July | 2.0% | -0.8 |
| August | 1.3% | -1.5 |
| September | 2.0% | -2.2 |
| October | 2.0% | -1.4 |
| November | 2.0% | -0.7 |
| December | 2.7% | +0.6 |
| Average | 2.4% |
Data source
Data from OECD. Last updated: 20/12/2025.