Inflation United States 2002
Average inflation: 1.6%
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 2.4%. The lowest inflation was in January at 1.1%.
- Highest month
- December: 2.4%
- Lowest month
- January: 1.1%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 1.3%. The lowest price increase was in Food and non-alcoholic beverages with an average of 1.3%.
- Highest increase
- Food and non-alcoholic beverages: 1.3%
- Lowest increase
- Food and non-alcoholic beverages: 1.3%
Historical Context
Current inflation is 0.7% lower than the 5-year average of 2.3%. This approaches the lowest level since records began (1.6% in 2002).
- 5-year average
- 2.3%
- 10-year average
- 2.5%
- All-time high (1990)
- 5.4%
- All-time low (2002)
- 1.6%
Trend
Inflation shows a downward trend. Compared to 2001, inflation has fallen by +1.2 percentage point.
- Change vs. previous year
- -1.2 percentage points
- Largest monthly swing
- January: -2.6 percentage points
ECB Target
Inflation is 0.4% 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.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 1.1% | -2.6 |
| February | 1.1% | -2.4 |
| March | 1.5% | -1.4 |
| April | 1.6% | -1.7 |
| May | 1.2% | -2.4 |
| June | 1.1% | -2.1 |
| July | 1.5% | -1.2 |
| August | 1.8% | -0.9 |
| September | 1.5% | -1.1 |
| October | 2.0% | -0.1 |
| November | 2.2% | +0.3 |
| December | 2.4% | +0.8 |
| Average | 1.6% |
Data source
Data from OECD. Last updated: 17/12/2025.