Inflation Canada 1977
Average inflation: 8.0%
Inflation in 1977
Inflation is very high at 8.0%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 9.4%. The lowest inflation was in February at 6.2%.
- Highest month
- December: 9.4%
- Lowest month
- February: 6.2%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.0 percentage points lower than the 5-year average of 9.0%.
- 5-year average
- 9%
- 10-year average
- 6.5%
- All-time high (1974)
- 11%
- All-time low (1961)
- 1%
Trend
Over the period 1975-1977, inflation shows a downward trend. Compared to 1976, inflation has risen by 0.4 percentage points.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- December: +3.8 percentage points
ECB Target
Inflation is 6.0 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$108 next year at this inflation rate.
Multi-year trend
Monthly figures 1977
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1976 |
|---|---|---|
| January | 6.3% | -3.5 |
| February | 6.2% | -3.1 |
| March | 7.2% | -2.1 |
| April | 7.5% | -1.4 |
| May | 8.1% | -0.3 |
| June | 7.7% | -0.3 |
| July | 8.3% | +1.1 |
| August | 8.3% | +2.2 |
| September | 8.6% | +2.2 |
| October | 8.8% | +2.4 |
| November | 9.1% | +3.5 |
| December | 9.4% | +3.8 |
| Average | 8.0% |
Data source
Data from OECD. Last updated: 17/12/2025.