Inflation G20 2019
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 December at 4.0%. The lowest inflation was in January at 3.2%.
- Highest month
- December: 4.0%
- Lowest month
- January: 3.2%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 0.8% higher than the 5-year average of 2.7%.
- 5-year average
- 2.7%
- 10-year average
- 3%
- All-time high (2008)
- 5%
- All-time low (2009)
- 2%
Trend
Inflation shows an upward trend. Compared to 2018, inflation has risen by +0.3 percentage point.
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- April: +1.1 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 2019
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 3.2% | +0.5 |
| February | 3.2% | +0.3 |
| March | 3.5% | +0.7 |
| April | 3.8% | +1.1 |
| May | 3.7% | +0.8 |
| June | 3.5% | +0.4 |
| July | 3.3% | -0.1 |
| August | 3.3% | -0.2 |
| September | 3.2% | -0.4 |
| October | 3.3% | -0.5 |
| November | 3.7% | +0.2 |
| December | 4.0% | +0.7 |
| Average | 3.5% |
Data source
Data from OECD. Last updated: 04/08/2026.