Current inflation မြန်မာ 1.0%
November 2020
Current Inflation
Inflation is low at 1.0%, below the ECB target of 2%.
Historical Context
Inflation is 5.3 percentage points lower than the 5-year average of 6.3%. This approaches the lowest level since records began (1.5% in 2012).
- 5-year average
- 6.3%
- 10-year average
- 5.8%
- All-time high (2015)
- 9.4%
- All-time low (2012)
- 1.5%
Trend
Over the period 2018-2020, inflation shows a downward trend. Compared to 2019, average inflation in 2020 through November has fallen by 4.6 percentage points.
ECB Target
Inflation is 1.0 percentage points below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for MMK 100 this year will cost approximately MMK 101 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2020 through November
- 4.2%
- Last year
- 8.8%
- 5-year average
- 6.3%
- All-time high (2015)
- 9.4%