Inflation G20 2020
Average inflation: 2.7%
Current Inflation
Inflation is normal at 2.7%, around the ECB target.
Peak and Trough
The highest inflation was in January at 4.1%. The lowest inflation was in November at 2.0%.
- Highest month
- January: 4.1%
- Lowest month
- November: 2.0%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is around the 5-year average of 2.8%.
- 5-year average
- 2.8%
- 10-year average
- 3%
- All-time high (2008)
- 5%
- All-time low (2009)
- 2%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-0.8 percentage point).
- Change vs. previous year
- -0.8 percentage points
- Largest monthly swing
- December: -2.0 percentage points
ECB Target
Inflation is 0.7% 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 €102.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 4.1% | +0.9 |
| February | 3.9% | +0.7 |
| March | 3.3% | -0.3 |
| April | 2.5% | -1.4 |
| May | 2.1% | -1.7 |
| June | 2.4% | -1.2 |
| July | 2.5% | -0.9 |
| August | 2.6% | -0.7 |
| September | 2.5% | -0.7 |
| October | 2.3% | -1.0 |
| November | 2.0% | -1.8 |
| December | 2.1% | -2.0 |
| Average | 2.7% |
Data source
Data from OECD. Last updated: 24/11/2025.