FIGURE 1-2
imageThe Inflation Rate in the Canadian Economy The inflation rate measures the percentage change in the average level of prices from the year before. A negative inflation rate indicates that prices are falling.
Note: The inflation rate is measured here using the GDP deflator.
Source: Reproduced and adapted by authority of the Minister of Industry, 2006, Statistics Canada CANSIM Series 1997756; 22; Morris Altman, “Revised Real GNP Estimates and Canadian Economic Growth, 1870–1926,” Review of Income and Wealth, Series 38, No. 4.