Inflation Canada 1993
Average inflation: 1.9%
Inflation in 1993
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in February at 2.4%. The lowest inflation was in June at 1.7%.
- Highest month
- February: 2.4%
- Lowest month
- June: 1.7%
- Difference
- 0.7 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 1.9 percentage points lower than the 5-year average of 3.8%.
- 5-year average
- 3.8%
- 10-year average
- 4%
- All-time high (1981)
- 12.5%
- All-time low (1992)
- 1.5%
Trend
Over the period 1991-1993, inflation shows a downward trend. Compared to 1992, inflation has risen by 0.4 percentage points.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- February: +0.8 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for CA$100 this year will cost approximately CA$101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 1993
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1992 |
|---|---|---|
| January | 2.0% | +0.4 |
| February | 2.4% | +0.8 |
| March | 1.9% | +0.3 |
| April | 1.8% | +0.1 |
| May | 1.9% | +0.6 |
| June | 1.7% | +0.6 |
| July | 1.7% | +0.5 |
| August | 1.8% | +0.7 |
| September | 1.8% | +0.5 |
| October | 1.9% | +0.3 |
| November | 1.9% | +0.2 |
| December | 1.7% | -0.5 |
| Average | 1.9% |
Data source
Data from OECD. Last updated: 17/12/2025.