Inflation Montserrat 2004
Average inflation: 3.1%
Current Inflation
Inflation is high at 3.1%, well above the ECB target.
Peak and Trough
The highest inflation was in August at 4.5%. The lowest inflation was in February at 0.0%.
- Highest month
- August: 4.5%
- Lowest month
- February: 0.0%
- Difference
- 4.5 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is around the 5-year average of 2.8%.
- 5-year average
- 2.8%
- 10-year average
- 2.8%
- All-time high (2002)
- 4%
- All-time low (2003)
- 1.2%
Trend
Inflation has remained relatively stable. Compared to 2003, the difference is minimal (+1.9 percentage point).
- Change vs. previous year
- +1.9 percentage points
- Largest monthly swing
- September: +4.8 percentage points
ECB Target
Inflation is 1.1% 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 €103.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 1.5% | -0.2 |
| February | 0.0% | -1.9 |
| March | 2.3% | -0.7 |
| April | 1.9% | -1.1 |
| May | 3.7% | +2.8 |
| June | 3.4% | +2.8 |
| July | 3.4% | +2.4 |
| August | 4.5% | +4.6 |
| September | 4.5% | +4.8 |
| October | 3.8% | +3.3 |
| November | 4.2% | +3.5 |
| December | 4.0% | +2.8 |
| Average | 3.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.