Inflation Canada 1968
Average inflation: 4.0%
Inflation in 1968
Inflation is high at 4.0%, well above the ECB target.
Peak and Trough
The highest inflation was in November at 4.9%. The lowest inflation was in May at 3.3%.
- Highest month
- November: 4.9%
- Lowest month
- May: 3.3%
- Difference
- 1.6 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 0.9 percentage points higher than the 5-year average of 3.1%.
- 5-year average
- 3.1%
- 10-year average
- 2.2%
- All-time high (1951)
- 10.5%
- All-time low (1953)
- -1%
Trend
Over the period 1966-1968, inflation has remained relatively stable. Compared to 1967, inflation has risen by 0.4 percentage points.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- February: +1.6 percentage points
ECB Target
Inflation is 2.0 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$104 next year at this inflation rate.
Multi-year trend
Monthly figures 1968
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1967 |
|---|---|---|
| January | 4.5% | +1.0 |
| February | 4.5% | +1.6 |
| March | 4.5% | +1.6 |
| April | 3.9% | +1.0 |
| May | 3.3% | -0.1 |
| June | 3.3% | -0.1 |
| July | 3.8% | -0.2 |
| August | 3.8% | -0.2 |
| September | 3.8% | -0.2 |
| October | 3.8% | -0.2 |
| November | 4.9% | +0.9 |
| December | 4.3% | +0.3 |
| Average | 4.0% |
Data source
Data from OECD. Last updated: 17/12/2025.