Current inflation Komori 6.5%
October 2014
Current Inflation
Inflation is very high at 8.0%, far above the ECB target.
Historical Context
Current inflation is 5.0% higher than the 5-year average of 3.0%. This approaches the highest level since records began (8.0% in 2014).
- 5-year average
- 3%
- 10-year average
- 3%
- All-time high (2014)
- 8%
- All-time low (2013)
- -4.3%
Trend
Inflation shows an upward trend. Compared to 2013, inflation has risen by +12.3 percentage point.
ECB Target
Inflation is 6.0% 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 €108.00 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 8.0%
- Last year
- -4.3%
- 5-year average
- 8.0%
- All-time high (2014)
- 8%