Inflation San Marino 2020
Average inflation: -0.1%
Inflation in 2020
There is deflation with consumer prices declining by 0.1%.
Peak and Trough
The highest inflation was in February at 0.5%. The lowest inflation was in May at -0.5%.
- Highest month
- February: 0.5%
- Lowest month
- May: -0.5%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 0.7 percentage points lower than the 5-year average of 0.6%.
- 5-year average
- 0.6%
- 10-year average
- 1.2%
- All-time high (2011)
- 2.9%
- All-time low (2020)
- -0.1%
Trend
Over the period 2018-2020, inflation shows a downward trend. Compared to 2019, inflation has fallen by 0.6 percentage points.
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- April: -1.4 percentage points
ECB Target
Inflation is 2.1 percentage points 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 €99.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.3% | -0.5 |
| February | 0.5% | -0.3 |
| March | 0.1% | -0.7 |
| April | -0.4% | -1.4 |
| May | -0.5% | -1.1 |
| June | -0.1% | -0.4 |
| July | -0.3% | -0.5 |
| August | -0.5% | -0.7 |
| September | -0.2% | -0.3 |
| October | 0.1% | 0.0 |
| November | -0.3% | -0.7 |
| December | -0.4% | -0.9 |
| Average | -0.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.