Inflation Canada 2026
Average inflation: 2.3%
Current Inflation
Inflation is normal at 2.3%, around the ECB target.
Peak and Trough
The highest inflation was in January at 2.3%. The lowest inflation was in January at 2.3%.
- Highest month
- January: 2.3%
- Lowest month
- January: 2.3%
- Difference
- 0.0 percentage points
- Months with data
- 1 of 12
Historical Context
Current inflation is 1.2% lower than the 5-year average of 3.5%.
- 5-year average
- 3.5%
- 10-year average
- 2.7%
- All-time high (2022)
- 6.8%
- All-time low (2009)
- 0.3%
Trend
Inflation has remained relatively stable. Compared to 2025, the difference is minimal (+0.2 percentage point).
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- January: +0.4 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 2026
Month overview
| Month | Inflation | Difference vs. 2025 |
|---|---|---|
| January | 2.3% | +0.4 |
| Average | 2.3% |
Data source
Data from OECD. Last updated: 19/02/2026.Not all months available yet.