Inflation Montserrat 2024
Average inflation: 2.4%
Current Inflation
Inflation is normal at 2.4%, around the ECB target.
Peak and Trough
The highest inflation was in August at 5.0%. The lowest inflation was in January at -0.5%.
- Highest month
- August: 5.0%
- Lowest month
- January: -0.5%
- Difference
- 5.5 percentage points
- Months with data
- 9 of 12
Historical Context
Current inflation is 1.4% higher than the 5-year average of 1.0%.
- 5-year average
- 1%
- 10-year average
- 0.5%
- All-time high (2008)
- 4.9%
- All-time low (2020)
- -1.9%
Trend
Inflation has remained relatively stable. Compared to 2023, the difference is minimal (+3.4 percentage point).
- Change vs. previous year
- +3.4 percentage points
- Largest monthly swing
- August: +11.0 percentage points
ECB Target
Inflation is 0.4% 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 €102.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | -0.5% | -1.6 |
| February | -0.3% | -0.7 |
| March | 1.4% | +2.0 |
| April | 2.0% | +3.4 |
| May | 2.4% | +4.8 |
| June | 2.8% | +5.9 |
| July | 4.2% | +9.0 |
| August | 5.0% | +11.0 |
| September | 4.2% | +2.5 |
| Average | 2.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.