Current inflation Aruba 5.2%
February 2020
Current Inflation
Inflation is very high at 5.3%, far above the ECB target.
Historical Context
Current inflation is 3.0% higher than the 5-year average of 2.3%.
- 5-year average
- 2.3%
- 10-year average
- 1.5%
- All-time high (2008)
- 9%
- All-time low (2013)
- -2.4%
Trend
Inflation shows an upward trend. Compared to 2019, inflation has risen by +1.0 percentage point.
ECB Target
Inflation is 3.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.30 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 5.3%
- Last year
- 4.3%
- 5-year average
- 5.3%
- All-time high (2008)
- 9%