Inflation Canada 2019
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in May at 2.4%. The lowest inflation was in January at 1.4%.
- Highest month
- May: 2.4%
- Lowest month
- January: 1.4%
- Difference
- 1.0 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 3.7%. The lowest price increase was in Communication with an average of -2.5%.
- Highest increase
- Food and non-alcoholic beverages: 3.7%
- Lowest increase
- Communication: -2.5%
Historical Context
Current inflation is around 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 2018, the difference is minimal (-0.4 percentage point).
- Change vs. previous year
- -0.4 percentage points
- Largest monthly swing
- July: -1.0 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 1.4% | -0.3 |
| February | 1.5% | -0.7 |
| March | 1.9% | -0.4 |
| April | 2.0% | -0.2 |
| May | 2.4% | +0.2 |
| June | 2.0% | -0.5 |
| July | 2.0% | -1.0 |
| August | 1.9% | -0.9 |
| September | 1.9% | -0.3 |
| October | 1.9% | -0.5 |
| November | 2.2% | +0.5 |
| December | 2.2% | +0.2 |
| Average | 1.9% |
Data source
Data from OECD. Last updated: 11/01/2026.