Current inflation عُمان 0.5%
November 2024
Current Inflation
Inflation is very low at 0.6%, well below the ECB target.
Historical Context
Current inflation is around the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 1%
- All-time high (2008)
- 12.4%
- All-time low (2020)
- -0.4%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.4 percentage point.
ECB Target
Inflation is 1.4% 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 €100 this year will cost approximately €100.60 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 0.6%
- Last year
- 1.0%
- 5-year average
- 0.6%
- All-time high (2008)
- 12.4%