Inflation Canada 2017
Average inflation: 1.6%
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 2.1%. The lowest inflation was in June at 1.0%.
- Highest month
- January: 2.1%
- Lowest month
- June: 1.0%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 4.3%. The lowest price increase was in Food and non-alcoholic beverages with an average of -1.0%.
- Highest increase
- Transport: 4.3%
- Lowest increase
- Food and non-alcoholic beverages: -1.0%
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 2016, the difference is minimal (+0.2 percentage point).
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- November: +0.9 percentage points
ECB Target
Inflation is 0.4% 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 €101.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 2.1% | +0.1 |
| February | 2.0% | +0.6 |
| March | 1.6% | +0.3 |
| April | 1.6% | -0.1 |
| May | 1.3% | -0.2 |
| June | 1.0% | -0.5 |
| July | 1.2% | -0.1 |
| August | 1.4% | +0.3 |
| September | 1.6% | +0.3 |
| October | 1.4% | -0.1 |
| November | 2.1% | +0.9 |
| December | 1.9% | +0.4 |
| Average | 1.6% |
Data source
Data from OECD. Last updated: 13/01/2026.