Inflation China 1989
Average inflation: 18.8%
Current Inflation
Inflation is very high at 18.8%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 28.4%. The lowest inflation was in December at 6.6%.
- Highest month
- February: 28.4%
- Lowest month
- December: 6.6%
- Difference
- 21.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 3.9% higher than the 5-year average of 14.9%. This approaches the highest level since records began (18.8% in 1989).
- 5-year average
- 14.9%
- 10-year average
- 14.9%
- All-time high (1989)
- 18.8%
- All-time low (1987)
- 7.2%
Trend
Inflation shows an upward trend. Compared to 1988, inflation has risen by +0.1 percentage point.
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- December: -21.3 percentage points
ECB Target
Inflation is 16.8% 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 €118.80 next year at this inflation rate.
Multi-year trend
Monthly figures 1989
Month overview
| Month | Inflation | Difference vs. 1988 |
|---|---|---|
| January | 27.4% | +18.1 |
| February | 28.4% | +18.0 |
| March | 27.1% | +15.8 |
| April | 26.6% | +14.4 |
| May | 24.9% | +10.7 |
| June | 22.8% | +6.5 |
| July | 19.4% | +0.2 |
| August | 15.3% | -8.3 |
| September | 11.5% | -14.9 |
| October | 8.6% | -18.5 |
| November | 7.4% | -19.4 |
| December | 6.6% | -21.3 |
| Average | 18.8% |
Data source
Data from OECD. Last updated: 24/11/2025.