Inflation Canada 2018
Average inflation: 2.3%
Current Inflation
Inflation is normal at 2.3%, around the ECB target.
Peak and Trough
The highest inflation was in July at 3.0%. The lowest inflation was in January at 1.7%.
- Highest month
- July: 3.0%
- Lowest month
- January: 1.7%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 5.2%. The lowest price increase was in Communication with an average of -0.2%.
- Highest increase
- Transport: 5.2%
- Lowest increase
- Communication: -0.2%
Historical Context
Current inflation is 0.6% higher than the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 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 2017, the difference is minimal (+0.7 percentage point).
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- July: +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 €100 this year will cost approximately €102.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 1.7% | -0.4 |
| February | 2.2% | +0.2 |
| March | 2.3% | +0.7 |
| April | 2.2% | +0.6 |
| May | 2.2% | +0.9 |
| June | 2.5% | +1.5 |
| July | 3.0% | +1.8 |
| August | 2.8% | +1.4 |
| September | 2.2% | +0.6 |
| October | 2.4% | +1.0 |
| November | 1.7% | -0.4 |
| December | 2.0% | +0.1 |
| Average | 2.3% |
Data source
Data from OECD. Last updated: 11/01/2026.