Current inflation Canada 2.3%
January 2026
Current Inflation
Inflation is normal at 2.3%, around the ECB target.
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 (1917)
- 18%
- All-time low (1921)
- -11.9%
Trend
Inflation has remained relatively stable. Compared to 2025, the difference is minimal (+0.2 percentage point).
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 2.3%
- Last year
- 2.1%
- 5-year average
- 2.3%
- All-time high (1917)
- 18%