Current inflation Tonga 1.2%
December 2024
Current Inflation
Inflation is high at 3.2%, well above the ECB target.
Historical Context
Current inflation is 2.0% lower than the 5-year average of 5.2%.
- 5-year average
- 5.2%
- 10-year average
- 4.1%
- All-time high (2022)
- 11%
- All-time low (2015)
- -1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +3.2 percentage point.
ECB Target
Inflation is 1.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.20 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 3.2%
- Last year
- 6.4%
- 5-year average
- 3.2%
- All-time high (2022)
- 11%