Inflation G20 2008
Average inflation: 5.0%
Current Inflation
Inflation is very high at 5.0%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 6.0%. The lowest inflation was in December at 3.1%.
- Highest month
- July: 6.0%
- Lowest month
- December: 3.1%
- Difference
- 2.9 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.4% higher than the 5-year average of 3.6%. This approaches the highest level since records began (5.0% in 2008).
- 5-year average
- 3.6%
- 10-year average
- 3.8%
- All-time high (2008)
- 5%
- All-time low (2004)
- 3.1%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +1.6 percentage point.
- Change vs. previous year
- +1.6 percentage points
- Largest monthly swing
- July: +2.9 percentage points
ECB Target
Inflation is 3.0% 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 €105.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 4.6% | +1.8 |
| February | 4.7% | +1.7 |
| March | 5.0% | +1.8 |
| April | 5.0% | +1.9 |
| May | 5.3% | +2.2 |
| June | 5.7% | +2.6 |
| July | 6.0% | +2.9 |
| August | 5.8% | +2.7 |
| September | 5.7% | +2.3 |
| October | 5.1% | +1.2 |
| November | 3.8% | -0.6 |
| December | 3.1% | -1.2 |
| Average | 5.0% |
Data source
Data from OECD. Last updated: 24/11/2025.