Inflation Canada 2015

Average inflation: 1.1%

Current Inflation

Inflation is low at 1.1%, below the ECB target of 2%.

Peak and Trough

The highest inflation was in December at 1.6%. The lowest inflation was in April at 0.8%.

Highest month
December: 1.6%
Lowest month
April: 0.8%
Difference
0.8 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 4.1%. The lowest price increase was in Communication with an average of -0.5%.

Highest increase
Food and non-alcoholic beverages: 4.1%
Lowest increase
Communication: -0.5%

Historical Context

Current inflation is 0.6% lower than the 5-year average of 1.7%.

5-year average
1.7%
10-year average
1.7%
All-time high (2011)
2.9%
All-time low (2009)
0.3%

Trend

Inflation has remained relatively stable. Compared to 2014, the difference is minimal (-0.8 percentage point).

Change vs. previous year
-0.8 percentage points
Largest monthly swing
May: -1.4 percentage points

ECB Target

Inflation is 0.9% 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 €101.10 next year at this inflation rate.

Multi-year trend

Monthly figures 2015

Inflation by category

Food and non-alcoholic beverages
4.1%
+3.0vs avg.
More details →
Alcoholic beverages, tobacco and narcotics
3.2%
+2.1vs avg.
More details →
Clothing and footwear
0.0%
-1.1vs avg.
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Housing, water, electricity, gas and other fuels
0.7%
-0.4vs avg.
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Furnishings, household equipment and maintenance
2.2%
+1.1vs avg.
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Health
1.1%
0.0vs avg.
More details →
Transport
0.6%
-0.5vs avg.
More details →
Communication
-0.5%
-1.6vs avg.
More details →
Recreation and culture
1.5%
+0.4vs avg.
More details →
Education
2.9%
+1.8vs avg.
More details →
Restaurants and hotels
2.7%
+1.6vs avg.
More details →
Miscellaneous goods and services
2.7%
+1.6vs avg.
More details →

Inflation differs per product group. Click on a category for the historical trend.

Month overview

Month Inflation Difference vs. 2014
January 1.0% -0.5
February 1.0% -0.1
March 1.2% -0.3
April 0.8% -1.2
May 0.9% -1.4
June 1.0% -1.4
July 1.3% -0.8
August 1.3% -0.8
September 1.0% -1.0
October 1.0% -1.4
November 1.4% -0.6
December 1.6% +0.1
Average 1.1%

Data source

Data from OECD. Last updated: 13/01/2026.

See also