When did deflation occur in Canada?

The one major episode of sustained deflation in Canada was in the 1930s, during the Great Depression. A dramatic drop in spending triggered a decline in prices of more than 20 percent over four years. To measure inflation, we look at the consumer price index (CPI) and how quickly it is rising. For example:

When did Canada adopt inflation targeting?

Canada was among the first to adopt inflation targeting as a mandate in 1991. Though Lee believes the Bank of Canada again waited too long to address bubbling inflation, today’s reaction is years ahead of the 1980s response. “The longer you postpone taking the medicine, the worse the problem gets.

How does the bank of Canada control inflation?

Read how the Bank of Canada controls inflation and contributes to Canada’s economic and financial welfare. The Bank of Canada aims to keep inflation at the 2 per cent midpoint of an inflation-control target range of 1 to 3 per cent. The inflation target is expressed as the year-over-year increase in the total consumer price index (CPI).

How do I calculate cumulative inflation rates in Canada?

To calculate cumulative rates between two different periods, you can use the Canada Inflation Calculator. The table below contains annual inflation rates in Canada from 1915. The 'Inflation %' column indicates how much prices have changed since the previous year. …