Inflation Canada 1983
Average inflation: 5.9%
Current Inflation
Inflation is very high at 5.9%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 8.2%. The lowest inflation was in November at 4.4%.
- Highest month
- January: 8.2%
- Lowest month
- November: 4.4%
- Difference
- 3.8 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 2.9%. The lowest price increase was in Food and non-alcoholic beverages with an average of 2.9%.
- Highest increase
- Food and non-alcoholic beverages: 2.9%
- Lowest increase
- Food and non-alcoholic beverages: 2.9%
Historical Context
Current inflation is 3.8% lower than the 5-year average of 9.7%.
- 5-year average
- 9.7%
- 10-year average
- 9.5%
- All-time high (1981)
- 12.5%
- All-time low (1964)
- 1.9%
Trend
Inflation shows a downward trend. Compared to 1982, inflation has fallen by +4.9 percentage point.
- Change vs. previous year
- -4.9 percentage points
- Largest monthly swing
- May: -6.4 percentage points
ECB Target
Inflation is 3.9% 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 €105.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1983
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1982 |
|---|---|---|
| January | 8.2% | -3.1 |
| February | 7.6% | -3.8 |
| March | 7.3% | -4.2 |
| April | 6.7% | -4.7 |
| May | 5.5% | -6.4 |
| June | 5.4% | -5.9 |
| July | 5.4% | -5.6 |
| August | 5.6% | -4.9 |
| September | 5.0% | -5.3 |
| October | 5.0% | -5.0 |
| November | 4.4% | -5.3 |
| December | 4.6% | -4.7 |
| Average | 5.9% |
Data source
Data from OECD. Last updated: 17/12/2025.