Inflation G20 2022
Average inflation: 8.5%
Current Inflation
Inflation is very high at 8.5%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 9.5%. The lowest inflation was in January at 6.4%.
- Highest month
- September: 9.5%
- Lowest month
- January: 6.4%
- Difference
- 3.1 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 4.1% higher than the 5-year average of 4.4%. This approaches the highest level since records began (8.5% in 2022).
- 5-year average
- 4.4%
- 10-year average
- 3.5%
- All-time high (2022)
- 8.5%
- All-time low (2009)
- 2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +4.3 percentage point.
- Change vs. previous year
- +4.3 percentage points
- Largest monthly swing
- September: +4.9 percentage points
ECB Target
Inflation is 6.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for 100 this year will cost approximately 108.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 6.4% | +4.2 |
| February | 6.8% | +4.4 |
| March | 7.9% | +4.8 |
| April | 8.5% | +4.7 |
| May | 8.8% | +4.5 |
| June | 9.2% | +4.8 |
| July | 9.2% | +4.7 |
| August | 9.2% | +4.8 |
| September | 9.5% | +4.9 |
| October | 9.4% | +4.2 |
| November | 9.0% | +3.2 |
| December | 8.5% | +2.4 |
| Average | 8.5% |
Data source
Data from OECD. Last updated: 04/09/2026.