Inflation San Marino 2022
Average inflation: 5.3%
Current Inflation
Inflation is very high at 5.3%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 7.3%. The lowest inflation was in January at 3.7%.
- Highest month
- December: 7.3%
- Lowest month
- January: 3.7%
- Difference
- 3.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 9.7%. The lowest price increase was in Energy with an average of 9.7%.
- Highest increase
- Energy: 9.7%
- Lowest increase
- Energy: 9.7%
Historical Context
Current inflation is 3.6% higher than the 5-year average of 1.7%. This approaches the highest level since records began (5.3% in 2022).
- 5-year average
- 1.7%
- 10-year average
- 1.3%
- All-time high (2022)
- 5.3%
- All-time low (2020)
- -0.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +3.7 percentage point.
- Change vs. previous year
- +3.7 percentage points
- Largest monthly swing
- June: +4.3 percentage points
ECB Target
Inflation is 3.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 3.7% | +3.5 |
| February | 4.0% | +3.6 |
| March | 4.2% | +3.5 |
| April | 4.8% | +4.0 |
| May | 5.0% | +3.6 |
| June | 5.7% | +4.3 |
| July | 5.3% | +3.5 |
| August | 5.2% | +3.1 |
| September | 5.8% | +3.6 |
| October | 6.1% | +3.6 |
| November | 6.7% | +3.9 |
| December | 7.3% | +4.1 |
| Average | 5.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.