Inflation G20 2002
Average inflation: 3.5%
Current Inflation
Inflation is high at 3.5%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.0%. The lowest inflation was in June at 3.1%.
- Highest month
- January: 4.0%
- Lowest month
- June: 3.1%
- Difference
- 0.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.6% lower than the 5-year average of 4.1%. This approaches the lowest level since records began (3.5% in 2002).
- 5-year average
- 4.1%
- 10-year average
- 4.1%
- All-time high (2000)
- 4.5%
- All-time low (2002)
- 3.5%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (-0.8 percentage point).
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- June: -1.7 percentage points
ECB Target
Inflation is 1.5% 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 €103.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 4.0% | -0.2 |
| February | 4.0% | -0.1 |
| March | 3.9% | -0.1 |
| April | 3.7% | -0.8 |
| May | 3.3% | -1.6 |
| June | 3.1% | -1.7 |
| July | 3.2% | -1.2 |
| August | 3.4% | -1.0 |
| September | 3.2% | -1.1 |
| October | 3.3% | -0.9 |
| November | 3.5% | -0.5 |
| December | 3.5% | -0.4 |
| Average | 3.5% |
Data source
Data from OECD. Last updated: 24/11/2025.