Inflation Canada 2002
Average inflation: 2.2%
Current Inflation
Inflation is normal at 2.2%, around the ECB target.
Peak and Trough
The highest inflation was in November at 4.4%. The lowest inflation was in May at 1.1%.
- Highest month
- November: 4.4%
- Lowest month
- May: 1.1%
- Difference
- 3.3 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 2.5%. The lowest price increase was in Food and non-alcoholic beverages with an average of 2.5%.
- Highest increase
- Food and non-alcoholic beverages: 2.5%
- Lowest increase
- Food and non-alcoholic beverages: 2.5%
Historical Context
Current inflation is around the 5-year average of 2.0%.
- 5-year average
- 2%
- 10-year average
- 1.7%
- All-time high (1983)
- 5.9%
- All-time low (1994)
- 0.2%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (-0.3 percentage point).
- Change vs. previous year
- -0.3 percentage points
- Largest monthly swing
- November: +3.8 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €100 this year will cost approximately €102.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 1.3% | -1.7 |
| February | 1.4% | -1.5 |
| March | 1.9% | -0.5 |
| April | 1.7% | -1.8 |
| May | 1.1% | -2.8 |
| June | 1.2% | -2.2 |
| July | 2.1% | -0.6 |
| August | 2.5% | -0.3 |
| September | 2.3% | -0.3 |
| October | 3.2% | +1.3 |
| November | 4.4% | +3.8 |
| December | 3.8% | +3.1 |
| Average | 2.2% |
Data source
Data from OECD. Last updated: 17/12/2025.