Inflation Canada 1962
Average inflation: 1.1%
Current Inflation
Inflation is low at 1.1%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in August at 1.9%. The lowest inflation was in January at 0.0%.
- Highest month
- August: 1.9%
- Lowest month
- January: 0.0%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 1.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of 1.9%.
- Highest increase
- Food and non-alcoholic beverages: 1.9%
- Lowest increase
- Food and non-alcoholic beverages: 1.9%
Historical Context
Current inflation is around the 5-year average of 1.4%.
- 5-year average
- 1.4%
- 10-year average
- 1.1%
- All-time high (1948)
- 14.4%
- All-time low (1953)
- -1%
Trend
Inflation has remained relatively stable. Compared to 1961, the difference is minimal (+0.1 percentage point).
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- March: -1.9 percentage points
ECB Target
Inflation is 0.9% 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 €101.10 next year at this inflation rate.
Multi-year trend
Monthly figures 1962
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1961 |
|---|---|---|
| January | 0.0% | -1.3 |
| February | 0.0% | -1.3 |
| March | 0.0% | -1.9 |
| April | 0.6% | -0.7 |
| May | 0.6% | -0.7 |
| June | 1.3% | 0.0 |
| July | 1.3% | 0.0 |
| August | 1.9% | +0.6 |
| September | 1.3% | 0.0 |
| October | 1.9% | +1.9 |
| November | 1.9% | +1.9 |
| December | 1.9% | +1.9 |
| Average | 1.1% |
Data source
Data from OECD. Last updated: 17/12/2025.