Inflation Canada 2007
Average inflation: 2.1%
Inflation in 2007
Inflation is normal at 2.1%, around the ECB target.
Peak and Trough
The highest inflation was in September at 2.5%. The lowest inflation was in January at 1.1%.
- Highest month
- September: 2.5%
- Lowest month
- January: 1.1%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is around the 5-year average of 2.2%.
- 5-year average
- 2.2%
- 10-year average
- 2.1%
- All-time high (1991)
- 5.6%
- All-time low (1994)
- 0.2%
Trend
Over the period 2005-2007, inflation has remained relatively stable. Compared to 2006, inflation has risen by 0.1 percentage points.
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- September: +1.8 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 CA$100 this year will cost approximately CA$102.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2007
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2006 |
|---|---|---|
| January | 1.1% | -1.7 |
| February | 2.0% | -0.2 |
| March | 2.3% | +0.1 |
| April | 2.2% | -0.2 |
| May | 2.2% | -0.6 |
| June | 2.2% | -0.2 |
| July | 2.2% | -0.1 |
| August | 1.7% | -0.4 |
| September | 2.5% | +1.8 |
| October | 2.4% | +1.4 |
| November | 2.5% | +1.1 |
| December | 2.4% | +0.7 |
| Average | 2.1% |
Data source
Data from OECD. Last updated: 17/12/2025.