Inflation Canada 2016
Average inflation: 1.4%
Current Inflation
Inflation is low at 1.4%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 2.0%. The lowest inflation was in August at 1.1%.
- Highest month
- January: 2.0%
- Lowest month
- August: 1.1%
- Difference
- 0.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 3.4%. The lowest price increase was in Clothing and footwear with an average of -0.4%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 3.4%
- Lowest increase
- Clothing and footwear: -0.4%
Historical Context
Current inflation is around the 5-year average of 1.4%.
- 5-year average
- 1.4%
- 10-year average
- 1.6%
- All-time high (2011)
- 2.9%
- All-time low (2009)
- 0.3%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (+0.3 percentage point).
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- January: +1.0 percentage points
ECB Target
Inflation is 0.6% 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 €101.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 2.0% | +1.0 |
| February | 1.4% | +0.4 |
| March | 1.3% | +0.1 |
| April | 1.7% | +0.9 |
| May | 1.5% | +0.6 |
| June | 1.5% | +0.5 |
| July | 1.3% | 0.0 |
| August | 1.1% | -0.2 |
| September | 1.3% | +0.3 |
| October | 1.5% | +0.5 |
| November | 1.2% | -0.2 |
| December | 1.5% | -0.1 |
| Average | 1.4% |
Data source
Data from OECD. Last updated: 13/01/2026.