Inflation G20 2026
Average inflation: 3.9%
Current Inflation
Inflation is high at 3.9%, well above the ECB target.
Peak and Trough
The highest inflation was in May at 4.3%. The lowest inflation was in January at 3.3%.
- Highest month
- May: 4.3%
- Lowest month
- January: 3.3%
- Difference
- 1.0 percentage points
- Months with data
- 8 of 12
Historical Context
Current inflation is 2.0% lower than the 5-year average of 5.9%.
- 5-year average
- 5.9%
- 10-year average
- 4.5%
- All-time high (2022)
- 8.5%
- All-time low (2009)
- 2%
Trend
Inflation shows a downward trend. Compared to 2025, inflation has fallen by +0.0 percentage point.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- January: -1.5 percentage points
ECB Target
Inflation is 1.9% 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 103.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2026
Month overview
| Month | Inflation | Difference vs. 2025 |
|---|---|---|
| January | 3.3% | -1.5 |
| February | 3.6% | -0.6 |
| March | 3.9% | -0.2 |
| April | 4.1% | +0.1 |
| May | 4.3% | +0.5 |
| June | 4.1% | +0.3 |
| July | 3.9% | +0.2 |
| August | 4.1% | +0.4 |
| Average | 3.9% |
Data source
Data from OECD. Last updated: 03/10/2026. Not all months available yet.