Inflation Canada 1976
Average inflation: 7.6%
Current Inflation
Inflation is very high at 7.6%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 9.8%. The lowest inflation was in November at 5.6%.
- Highest month
- January: 9.8%
- Lowest month
- November: 5.6%
- 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 0.8% lower than the 5-year average of 8.4%.
- 5-year average
- 8.4%
- 10-year average
- 6%
- All-time high (1974)
- 11%
- All-time low (1961)
- 1%
Trend
Inflation shows a downward trend. Compared to 1975, inflation has fallen by +3.1 percentage point.
- Change vs. previous year
- -3.1 percentage points
- Largest monthly swing
- August: -4.8 percentage points
ECB Target
Inflation is 5.6% 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 €100 this year will cost approximately €107.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1976
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1975 |
|---|---|---|
| January | 9.8% | -1.9 |
| February | 9.3% | -2.7 |
| March | 9.3% | -1.8 |
| April | 8.9% | -2.1 |
| May | 8.4% | -1.6 |
| June | 8.0% | -2.3 |
| July | 7.2% | -3.8 |
| August | 6.1% | -4.8 |
| September | 6.4% | -4.0 |
| October | 6.4% | -3.6 |
| November | 5.6% | -4.7 |
| December | 5.6% | -3.8 |
| Average | 7.6% |
Data source
Data from OECD. Last updated: 17/12/2025.