Inflation Canada 1994
Average inflation: 0.2%
Current Inflation
Inflation is very low at 0.2%, well below the ECB target.
Peak and Trough
The highest inflation was in January at 1.3%. The lowest inflation was in May at -0.2%.
- Highest month
- January: 1.3%
- Lowest month
- May: -0.2%
- Difference
- 1.5 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 0.1%. The lowest price increase was in Food and non-alcoholic beverages with an average of 0.1%.
- Highest increase
- Food and non-alcoholic beverages: 0.1%
- Lowest increase
- Food and non-alcoholic beverages: 0.1%
Historical Context
Current inflation is 2.6% lower than the 5-year average of 2.8%. This approaches the lowest level since records began (0.2% in 1994).
- 5-year average
- 2.8%
- 10-year average
- 3.5%
- All-time high (1981)
- 12.5%
- All-time low (1994)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 1993, inflation has fallen by +1.7 percentage point.
- Change vs. previous year
- -1.7 percentage points
- Largest monthly swing
- February: -2.3 percentage points
ECB Target
Inflation is 1.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1994
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1993 |
|---|---|---|
| January | 1.3% | -0.7 |
| February | 0.1% | -2.3 |
| March | 0.2% | -1.7 |
| April | 0.2% | -1.6 |
| May | -0.2% | -2.1 |
| June | 0.0% | -1.7 |
| July | 0.1% | -1.6 |
| August | 0.1% | -1.7 |
| September | 0.2% | -1.6 |
| October | -0.2% | -2.1 |
| November | -0.1% | -2.0 |
| December | 0.2% | -1.5 |
| Average | 0.2% |
Data source
Data from OECD. Last updated: 17/12/2025.