Inflation San Marino 2024
Average inflation: 1.3%
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 2.3%. The lowest inflation was in September at 0.2%.
- Highest month
- January: 2.3%
- Lowest month
- September: 0.2%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of -0.8%. The lowest price increase was in Energy with an average of -0.8%.
- Highest increase
- Energy: -0.8%
- Lowest increase
- Energy: -0.8%
Historical Context
Current inflation is 1.5% lower than the 5-year average of 2.8%.
- 5-year average
- 2.8%
- 10-year average
- 2.4%
- All-time high (2023)
- 6%
- All-time low (2020)
- -0.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +4.7 percentage point.
- Change vs. previous year
- -4.7 percentage points
- Largest monthly swing
- August: -6.2 percentage points
ECB Target
Inflation is 0.7% 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 €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 2.3% | -4.7 |
| February | 1.7% | -5.4 |
| March | 1.5% | -5.8 |
| April | 1.5% | -5.3 |
| May | 1.4% | -5.1 |
| June | 1.4% | -4.4 |
| July | 1.2% | -4.9 |
| August | 0.3% | -6.2 |
| September | 0.2% | -5.9 |
| October | 0.8% | -4.2 |
| November | 1.1% | -3.1 |
| December | 1.6% | -1.4 |
| Average | 1.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.