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Canada - Inflation Rate 1978

Name: Canada Inflation Rate 1978
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price inflation, annual % · World Bank

8.97% +1.00pp from 1977 Global rank: 56th

Canada's inflation rate was 8.97% in 1978, increased +1.00pp from 7.98% in 1977. This was the 56th highest globally.

Global Ranking - 1978▾

Inflation Rate by Country - 1978
Rank	Country	Value	YoY
1st	Myanmar	-6.04%	-422.6%
2nd	Haiti	-2.67%	-141.2%
3rd	Saudi Arabia	-1.58%	-113.9%
4th	Togo	0.44%	-98.0%
5th	Switzerland	1.03%	-20.6%
6th	Samoa	2.06%	-85.9%
7th	India	2.52%	-69.6%
8th	Germany	2.72%	-27.2%
9th	Luxembourg	3.09%	-53.8%
10th	Senegal	3.42%	-69.8%
11th	Dominican Republic	3.48%	-72.9%
12th	Austria	3.57%	-34.9%
13th	Netherlands	4.11%	-35.7%
14th	Panama	4.20%	-8.4%
15th	Japan	4.21%	-48.4%
16th	Belgium	4.47%	-37.0%
17th	Iraq	4.61%	-49.7%
18th	Hungary	4.69%	19.9%
19th	Malta	4.71%	-53.1%
20th	Syrian Arab Republic	4.81%	-59.8%
21st	Malaysia	4.86%	1.5%
22nd	Singapore	4.87%	54.0%
23rd	Honduras	5.75%	-31.8%
24th	Papua New Guinea	5.80%	28.1%
25th	Costa Rica	6.01%	43.4%
26th	Fiji	6.11%	-12.8%
27th	Bahamas, The	6.11%	91.5%
28th	Pakistan	6.14%	-39.4%
29th	Solomon Islands	6.26%	-27.3%
30th	Vanuatu	6.41%	11.8%
31st	Madagascar	6.53%	110.0%
32nd	Tanzania	6.58%	-43.3%
33rd	Jordan	6.92%	-52.5%
34th	Philippines	7.33%	-25.9%
35th	Nepal	7.35%	-25.8%
36th	Cyprus	7.44%	1.5%
37th	United States	7.63%	17.4%
38th	Ireland	7.71%	-42.8%
39th	Dominica	7.71%	-18.8%
40th	European Union	7.76%	-20.6%
41st	Finland	7.80%	-33.9%
42nd	Thailand	7.92%	4.2%
43rd	Australia	8.00%	-35.0%
44th	Poland	8.10%	65.2%
45th	Indonesia	8.11%	-26.6%
46th	Norway	8.16%	-10.3%
47th	United Kingdom	8.26%	-47.8%
48th	Burkina Faso	8.27%	-72.4%
49th	Guatemala	8.29%	-32.8%
50th	St. Vincent and the Grenadines	8.43%	-17.3%
51st	Eswatini	8.52%	-59.1%
52nd	Mauritius	8.55%	-6.8%
53rd	Kuwait	8.69%	-12.1%
54th	Suriname	8.82%	-9.3%
55th	Gambia, The	8.86%	-28.5%
56th	Canada	8.97%	12.5%
57th	Botswana	9.04%	-31.3%
58th	France	9.25%	-2.6%
59th	Barbados	9.48%	13.5%
60th	Tonga	9.58%	-45.4%
61st	Morocco	9.72%	-22.9%
62nd	Sweden	10.00%	-12.6%
63rd	Niger	10.09%	-56.6%
64th	Denmark	10.21%	-6.5%
65th	Trinidad and Tobago	10.26%	-12.7%
66th	Bolivia, Plurinational State of	10.36%	27.7%
67th	Paraguay	10.66%	13.9%
68th	Gabon	10.76%	-22.3%
69th	St. Lucia	10.88%	22.7%
70th	Egypt, Arab Republic of	11.08%	-13.0%
71st	South Africa	11.14%	-0.1%
72nd	Iran, Islamic Republic of	11.72%	-57.0%
73rd	Seychelles	11.78%	-21.2%
74th	New Zealand	11.96%	-16.9%
75th	Italy	12.09%	-29.4%
76th	Sri Lanka	12.14%	891.2%
77th	Cameroon	12.46%	-15.2%
78th	Greece	12.57%	1.6%
79th	Ecuador	13.10%	1.2%
80th	Côte d'Ivoire	13.24%	-51.7%
81st	Rwanda	13.27%	-2.8%
82nd	El Salvador	13.28%	12.3%
83rd	Lesotho	13.48%	-19.2%
84th	Korea	14.46%	43.2%
85th	Bahrain	15.79%	-11.0%
86th	Kenya	16.93%	14.2%
87th	Mexico	17.46%	-39.9%
88th	Algeria	17.52%	46.2%
89th	Colombia	17.76%	-47.5%
90th	Grenada	18.14%	-1.7%
91st	Sudan	19.23%	12.6%
92nd	Spain	19.77%	-19.4%
93rd	Portugal	21.04%	-32.2%
94th	Nigeria	21.71%	43.9%
95th	Burundi	23.90%	249.6%
96th	Libya	29.38%	367.8%
97th	Jamaica	34.90%	211.9%
98th	Chile	40.09%	-56.4%
99th	Iceland	43.75%	44.3%
100th	Uruguay	44.55%	-23.5%
101st	Congo, Democratic Republic of	48.77%	-29.3%
102nd	Israel	50.55%	46.0%
103rd	Peru	57.85%	52.0%
104th	Türkiye	61.90%	138.2%
105th	Ghana	73.09%	-37.2%

FAQ

What was Canada's inflation rate in 1978?▾

Canada's inflation rate in 1978 was 8.97%. This ranked 56th globally.

How did Canada's inflation rate change in 1978?▾

Canada's inflation rate increased by 12.5% in 1978 compared to 1977.

Which country had the highest inflation rate in 1978?▾

Ghana had the highest inflation rate in 1978 at 73.09%.

What is the inflation rate of Canada in 1978?▾

The inflation rate of Canada in 1978 was 8.97%. This ranked 56th globally.

How does 1978 compare to 1977 for Canada's inflation rate?▾

Canada's inflation rate went from 7.98% in 1977 to 8.97% in 1978, a 12.5% increase.

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