Inflation G20 2017
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in January at 2.6%. The lowest inflation was in June at 2.1%.
- Highest month
- January: 2.6%
- Lowest month
- June: 2.1%
- Difference
- 0.5 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is around the 5-year average of 2.6%. This approaches the lowest level since records began (2.3% in 2016).
- 5-year average
- 2.6%
- 10-year average
- 2.7%
- All-time high (2012)
- 3.2%
- All-time low (2016)
- 2.3%
Trend
Inflation has remained relatively stable. Compared to 2016, the difference is minimal (+0.1 percentage point).
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- November: +0.3 percentage points
ECB Target
Inflation is 0.4% 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 €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 2.6% | 0.0 |
| February | 2.5% | +0.1 |
| March | 2.4% | +0.2 |
| April | 2.4% | +0.2 |
| May | 2.2% | 0.0 |
| June | 2.1% | -0.1 |
| July | 2.1% | -0.1 |
| August | 2.3% | +0.2 |
| September | 2.4% | +0.2 |
| October | 2.4% | +0.2 |
| November | 2.5% | +0.3 |
| December | 2.5% | +0.2 |
| Average | 2.4% |
Data source
Data from OECD. Last updated: 24/11/2025.