Inflation Canada 1984
Average inflation: 4.3%
Inflation in 1984
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.5%. The lowest inflation was in October at 3.4%.
- Highest month
- January: 5.5%
- Lowest month
- October: 3.4%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 4.4 percentage points lower than the 5-year average of 8.7%.
- 5-year average
- 8.7%
- 10-year average
- 8.8%
- All-time high (1981)
- 12.5%
- All-time low (1965)
- 2.3%
Trend
Over the period 1982-1984, inflation shows a downward trend. Compared to 1983, inflation has fallen by 1.6 percentage points.
- Change vs. previous year
- -1.6 percentage points
- Largest monthly swing
- March: -2.8 percentage points
ECB Target
Inflation is 2.3 percentage points 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 CA$100 this year will cost approximately CA$104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 1984
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1983 |
|---|---|---|
| January | 5.5% | -2.7 |
| February | 5.5% | -2.1 |
| March | 4.5% | -2.8 |
| April | 4.9% | -1.8 |
| May | 4.7% | -0.8 |
| June | 4.3% | -1.1 |
| July | 4.1% | -1.3 |
| August | 3.6% | -2.0 |
| September | 3.7% | -1.3 |
| October | 3.4% | -1.6 |
| November | 3.9% | -0.5 |
| December | 3.7% | -0.9 |
| Average | 4.3% |
Data source
Data from OECD. Last updated: 17/12/2025.