Inflation G20 2018
Average inflation: 3.2%
Current Inflation
Inflation is high at 3.2%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 3.8%. The lowest inflation was in January at 2.7%.
- Highest month
- October: 3.8%
- Lowest month
- January: 2.7%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.6% higher than the 5-year average of 2.6%.
- 5-year average
- 2.6%
- 10-year average
- 2.9%
- All-time high (2008)
- 5%
- All-time low (2009)
- 2%
Trend
Inflation has remained relatively stable. Compared to 2017, the difference is minimal (+0.8 percentage point).
- Change vs. previous year
- +0.8 percentage points
- Largest monthly swing
- July: +1.4 percentage points
ECB Target
Inflation is 1.2% 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 €103.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 2.7% | +0.1 |
| February | 2.9% | +0.4 |
| March | 2.8% | +0.4 |
| April | 2.7% | +0.3 |
| May | 2.9% | +0.7 |
| June | 3.1% | +1.0 |
| July | 3.5% | +1.4 |
| August | 3.5% | +1.2 |
| September | 3.7% | +1.3 |
| October | 3.8% | +1.4 |
| November | 3.5% | +1.0 |
| December | 3.3% | +0.8 |
| Average | 3.2% |
Data source
Data from OECD. Last updated: 24/11/2025.