Inflation Canada 1971
Average inflation: 2.7%
Current Inflation
Inflation is normal at 2.7%, around the ECB target.
Peak and Trough
The highest inflation was in December at 4.9%. The lowest inflation was in January at 1.0%.
- Highest month
- December: 4.9%
- Lowest month
- January: 1.0%
- Difference
- 3.9 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 0.6%. The lowest price increase was in Food and non-alcoholic beverages with an average of 0.6%.
- Highest increase
- Food and non-alcoholic beverages: 0.6%
- Lowest increase
- Food and non-alcoholic beverages: 0.6%
Historical Context
Current inflation is 1.0% lower than the 5-year average of 3.7%.
- 5-year average
- 3.7%
- 10-year average
- 2.9%
- All-time high (1969)
- 4.6%
- All-time low (1953)
- -1%
Trend
Inflation shows a downward trend. Compared to 1970, inflation has fallen by +0.7 percentage point.
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- January: -4.2 percentage points
ECB Target
Inflation is 0.7% 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 €102.70 next year at this inflation rate.
Multi-year trend
Monthly figures 1971
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1970 |
|---|---|---|
| January | 1.0% | -4.2 |
| February | 1.5% | -3.7 |
| March | 1.5% | -3.2 |
| April | 2.0% | -1.6 |
| May | 2.0% | -1.6 |
| June | 2.5% | -0.5 |
| July | 2.4% | -1.1 |
| August | 3.4% | +0.4 |
| September | 3.4% | +0.9 |
| October | 3.9% | +1.4 |
| November | 3.9% | +1.4 |
| December | 4.9% | +3.9 |
| Average | 2.7% |
Data source
Data from OECD. Last updated: 17/12/2025.