Canada Inflation Rate in 2008
Inflation rate in Canada was 1.16% in 2008. That is 1.22 less than it was in the preceding 2007 and 0.16% less than in the following year of 2009.
In 2008 Canada ranked #5 in the world by yearly inflation rate.
Month over month inflation rate is calculated for just the subject month itself - from the first to the last day of that month:
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Month to month, % | -0.18 | 0.36 | 0.36 | 0.80 | 0.97 | 0.70 | 0.35 | -0.17 | 0.09 | -1.04 | -0.35 | -0.70 | 1.16 |
Year to year inflation rate is calculated for 12 months: 11 months preceding the subject one and the subject month itself:
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year over year (12 months), % | 2.19 | 1.81 | 1.35 | 1.70 | 2.23 | 3.13 | 3.39 | 3.49 | 3.40 | 2.60 | 1.97 | 1.16 | 1.16 |
Progressive inflation rate is an incremental year to date inflation that sums rates from the beginning of the calendar year to the end of the subject month:
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Progressive (year to date), % | -0.18 | 0.18 | 0.54 | 1.34 | 2.32 | 3.04 | 3.39 | 3.21 | 3.30 | 2.23 | 1.88 | 1.16 | 1.16 |
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