Current inflation Montserrat 4.2%
September 2024
Current Inflation
Inflation is high at 4.2%, well above the ECB target.
Historical Context
Inflation is 3.2 percentage points 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
Over the period 2022-2024, inflation has remained relatively stable. Compared to 2023, average inflation in 2024 through September has risen by 3.4 percentage points.
ECB Target
Inflation is 2.2 percentage points 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 EC$100 this year will cost approximately EC$104.20 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2024 through September
- 2.4%
- Last year
- -1.0%
- 5-year average
- 1.0%
- All-time high (2008)
- 4.9%