Inflation Canada 1973
Average inflation: 7.5%
Inflation in 1973
Inflation is very high at 7.5%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 9.4%. The lowest inflation was in January at 5.6%.
- Highest month
- November: 9.4%
- Lowest month
- January: 5.6%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 2.9 percentage points higher than the 5-year average of 4.6%. This approaches the highest level since records began (7.5% in 1973).
- 5-year average
- 4.6%
- 10-year average
- 3.9%
- All-time high (1973)
- 7.5%
- All-time low (1955)
- 0.2%
Trend
Over the period 1971-1973, inflation shows an upward trend. Compared to 1972, inflation has risen by 2.5 percentage points.
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- November: +4.2 percentage points
ECB Target
Inflation is 5.5 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for CA$100 this year will cost approximately CA$107.50 next year at this inflation rate.
Multi-year trend
Monthly figures 1973
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1972 |
|---|---|---|
| January | 5.6% | +0.7 |
| February | 6.0% | +1.1 |
| March | 5.6% | +0.2 |
| April | 6.5% | +1.7 |
| May | 6.9% | +2.1 |
| June | 7.8% | +3.5 |
| July | 7.7% | +2.9 |
| August | 8.1% | +3.4 |
| September | 8.1% | +2.4 |
| October | 8.5% | +3.3 |
| November | 9.4% | +4.2 |
| December | 9.4% | +4.2 |
| Average | 7.5% |
Data source
Data from OECD. Last updated: 17/12/2025.