Inflation Canada 2011
Average inflation: 2.9%
Current Inflation
Inflation is normal at 2.9%, around the ECB target.
Peak and Trough
The highest inflation was in May at 3.7%. The lowest inflation was in February at 2.2%.
- Highest month
- May: 3.7%
- Lowest month
- February: 2.2%
- 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 4.2%. The lowest price increase was in Food and non-alcoholic beverages with an average of 4.2%.
- Highest increase
- Food and non-alcoholic beverages: 4.2%
- Lowest increase
- Food and non-alcoholic beverages: 4.2%
Historical Context
Current inflation is 1.0% higher than the 5-year average of 1.9%. This approaches the highest level since records began (2.9% in 2011).
- 5-year average
- 1.9%
- 10-year average
- 2%
- All-time high (2011)
- 2.9%
- All-time low (1994)
- 0.2%
Trend
Inflation shows an upward trend. Compared to 2010, inflation has risen by +1.1 percentage point.
- Change vs. previous year
- +1.1 percentage points
- Largest monthly swing
- May: +2.3 percentage points
ECB Target
Inflation is 0.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
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 €102.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2011
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2010 |
|---|---|---|
| January | 2.3% | +0.4 |
| February | 2.2% | +0.6 |
| March | 3.3% | +1.9 |
| April | 3.3% | +1.5 |
| May | 3.7% | +2.3 |
| June | 3.1% | +2.1 |
| July | 2.7% | +0.9 |
| August | 3.1% | +1.4 |
| September | 3.2% | +1.3 |
| October | 2.9% | +0.5 |
| November | 2.9% | +0.9 |
| December | 2.3% | -0.1 |
| Average | 2.9% |
Data source
Data from OECD. Last updated: 17/12/2025.