Current inflation San Marino 1.6%
December 2024
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Historical Context
Inflation is 1.2 percentage points lower than the 5-year average of 2.8%.
- 5-year average
- 2.8%
- 10-year average
- 1.8%
- All-time high (2023)
- 6%
- All-time low (2020)
- -0.1%
Trend
Over the period 2022-2024, inflation shows a downward trend. Compared to 2023, average inflation in 2024 through December has fallen by 4.7 percentage points.
ECB Target
Inflation is 0.4 percentage points 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 €101.60 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2024 through December
- 1.3%
- Last year
- 6.0%
- 5-year average
- 2.8%
- All-time high (2023)
- 6%