Inflation Canada 1970
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.2%. The lowest inflation was in December at 1.0%.
- Highest month
- January: 5.2%
- Lowest month
- December: 1.0%
- Difference
- 4.2 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 1.7%. The lowest price increase was in Food and non-alcoholic beverages with an average of 1.7%.
- Highest increase
- Food and non-alcoholic beverages: 1.7%
- Lowest increase
- Food and non-alcoholic beverages: 1.7%
Historical Context
Current inflation is around the 5-year average of 3.9%.
- 5-year average
- 3.9%
- 10-year average
- 2.7%
- All-time high (1951)
- 10.5%
- All-time low (1953)
- -1%
Trend
Inflation has remained relatively stable. Compared to 1969, the difference is minimal (-1.2 percentage point).
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- December: -3.7 percentage points
ECB Target
Inflation is 1.4% 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 €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 1970
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1969 |
|---|---|---|
| January | 5.2% | +1.4 |
| February | 5.2% | +1.4 |
| March | 4.7% | +0.9 |
| April | 3.6% | -1.8 |
| May | 3.6% | -1.8 |
| June | 3.0% | -2.3 |
| July | 3.5% | -1.3 |
| August | 3.0% | -1.7 |
| September | 2.5% | -2.2 |
| October | 2.5% | -2.2 |
| November | 2.5% | -1.1 |
| December | 1.0% | -3.7 |
| Average | 3.4% |
Data source
Data from OECD. Last updated: 17/12/2025.