Current inflation Curaçao 2.8%
February 2020
Current Inflation
Inflation is normal at 2.7%, around the ECB target.
Historical Context
Current inflation is 0.8% higher than the 5-year average of 1.9%.
- 5-year average
- 1.9%
- 10-year average
- 1.7%
- All-time high (2008)
- 6.9%
- All-time low (2015)
- -0.5%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (+0.1 percentage point).
ECB Target
Inflation is 0.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.70 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 2.7%
- Last year
- 2.6%
- 5-year average
- 2.7%
- All-time high (2008)
- 6.9%