Inflation G20 2021
Average inflation: 4.3%
Current Inflation
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 6.2%. The lowest inflation was in January at 2.2%.
- Highest month
- December: 6.2%
- Lowest month
- January: 2.2%
- Difference
- 4.0 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.1% higher than the 5-year average of 3.2%.
- 5-year average
- 3.2%
- 10-year average
- 3%
- All-time high (2008)
- 5%
- All-time low (2009)
- 2%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+1.6 percentage point).
- Change vs. previous year
- +1.6 percentage points
- Largest monthly swing
- December: +4.1 percentage points
ECB Target
Inflation is 2.3% 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 €104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 2.2% | -1.9 |
| February | 2.5% | -1.4 |
| March | 3.1% | -0.2 |
| April | 3.8% | +1.3 |
| May | 4.3% | +2.2 |
| June | 4.4% | +2.0 |
| July | 4.6% | +2.1 |
| August | 4.5% | +1.9 |
| September | 4.6% | +2.1 |
| October | 5.2% | +2.9 |
| November | 5.9% | +3.9 |
| December | 6.2% | +4.1 |
| Average | 4.3% |
Data source
Data from OECD. Last updated: 24/11/2025.