Inflation Montserrat 2023
Average inflation: -1.0%
Current Inflation
There is deflation with consumer prices declining by 1.0%.
Peak and Trough
The highest inflation was in September at 1.7%. The lowest inflation was in August at -6.0%.
- Highest month
- September: 1.7%
- Lowest month
- August: -6.0%
- Difference
- 7.7 percentage points
- Months with data
- 12 of 12
Historical Context
Current inflation is 1.3% lower than the 5-year average of 0.3%.
- 5-year average
- 0.3%
- 10-year average
- 0.2%
- All-time high (2008)
- 4.9%
- All-time low (2020)
- -1.9%
Trend
Inflation shows a downward trend. Compared to 2022, inflation has fallen by +4.0 percentage point.
- Change vs. previous year
- -4.0 percentage points
- Largest monthly swing
- August: -11.6 percentage points
ECB Target
Inflation is 3.0% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 1.1% | -4.4 |
| February | 0.4% | -5.6 |
| March | -0.6% | -6.9 |
| April | -1.4% | -5.6 |
| May | -2.4% | -6.3 |
| June | -3.1% | -7.5 |
| July | -4.8% | -9.8 |
| August | -6.0% | -11.6 |
| September | 1.7% | +3.8 |
| October | 0.9% | +1.3 |
| November | 0.6% | +1.4 |
| December | 1.1% | +2.3 |
| Average | -1.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.