Inflation Canada 1996
Average inflation: 1.6%
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 2.2%. The lowest inflation was in February at 1.3%.
- Highest month
- December: 2.2%
- Lowest month
- February: 1.3%
- Difference
- 0.9 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 1.2%. The lowest price increase was in Food and non-alcoholic beverages with an average of 1.2%.
- Highest increase
- Food and non-alcoholic beverages: 1.2%
- Lowest increase
- Food and non-alcoholic beverages: 1.2%
Historical Context
Current inflation is around the 5-year average of 1.5%.
- 5-year average
- 1.5%
- 10-year average
- 3.1%
- All-time high (1981)
- 12.5%
- All-time low (1994)
- 0.2%
Trend
Inflation shows an upward trend. Compared to 1995, inflation has risen by -0.5 percentage point.
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- May: -1.4 percentage points
ECB Target
Inflation is 0.4% 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 €101.60 next year at this inflation rate.
Multi-year trend
Monthly figures 1996
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1995 |
|---|---|---|
| January | 1.6% | +1.0 |
| February | 1.3% | -0.6 |
| March | 1.5% | -0.6 |
| April | 1.4% | -1.1 |
| May | 1.5% | -1.4 |
| June | 1.5% | -1.2 |
| July | 1.3% | -1.3 |
| August | 1.5% | -0.7 |
| September | 1.5% | -0.7 |
| October | 1.8% | -0.5 |
| November | 1.9% | -0.2 |
| December | 2.2% | +0.5 |
| Average | 1.6% |
Data source
Data from OECD. Last updated: 17/12/2025.