Inflation Canada 1966
Average inflation: 3.8%
Inflation in 1966
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 4.2%. The lowest inflation was in January at 3.0%.
- Highest month
- March: 4.2%
- Lowest month
- January: 3.0%
- Difference
- 1.2 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.7 percentage points higher than the 5-year average of 2.1%.
- 5-year average
- 2.1%
- 10-year average
- 2%
- All-time high (1948)
- 14.4%
- All-time low (1953)
- -1%
Trend
Over the period 1964-1966, inflation shows an upward trend. Compared to 1965, inflation has risen by 1.5 percentage points.
- Change vs. previous year
- +1.5 percentage points
- Largest monthly swing
- March: +2.4 percentage points
ECB Target
Inflation is 1.8 percentage points 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 CA$100 this year will cost approximately CA$103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 1966
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1965 |
|---|---|---|
| January | 3.0% | +1.2 |
| February | 3.6% | +1.8 |
| March | 4.2% | +2.4 |
| April | 4.2% | +2.4 |
| May | 4.2% | +2.4 |
| June | 3.6% | +0.6 |
| July | 3.6% | +1.2 |
| August | 4.1% | +1.7 |
| September | 4.1% | +1.7 |
| October | 4.1% | +1.7 |
| November | 3.5% | +0.5 |
| December | 3.5% | +0.5 |
| Average | 3.8% |
Data source
Data from OECD. Last updated: 17/12/2025.