Inflation Canada 1997
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 February at 2.3%. The lowest inflation was in December at 0.8%.
- Highest month
- February: 2.3%
- Lowest month
- December: 0.8%
- 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 1.5%. The lowest price increase was in Food and non-alcoholic beverages with an average of 1.5%.
- Highest increase
- Food and non-alcoholic beverages: 1.5%
- Lowest increase
- Food and non-alcoholic beverages: 1.5%
Historical Context
Current inflation is around the 5-year average of 1.5%.
- 5-year average
- 1.5%
- 10-year average
- 2.8%
- All-time high (1981)
- 12.5%
- All-time low (1994)
- 0.2%
Trend
Inflation has remained relatively stable. Compared to 1996, the difference is minimal (+0.0 percentage point).
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- December: -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 1997
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1996 |
|---|---|---|
| January | 2.2% | +0.6 |
| February | 2.3% | +1.0 |
| March | 1.9% | +0.4 |
| April | 1.7% | +0.3 |
| May | 1.5% | 0.0 |
| June | 1.7% | +0.2 |
| July | 1.7% | +0.4 |
| August | 1.8% | +0.3 |
| September | 1.7% | +0.2 |
| October | 1.5% | -0.3 |
| November | 0.9% | -1.0 |
| December | 0.8% | -1.4 |
| Average | 1.6% |
Data source
Data from OECD. Last updated: 17/12/2025.