Current inflation British Virgin Islands 1.4%
May 2017
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Historical Context
Current inflation is around the 5-year average of 1.4%. This approaches the highest level since records began (1.6% in 2017).
- 5-year average
- 1.4%
- 10-year average
- 1.4%
- All-time high (2017)
- 1.6%
- All-time low (2016)
- 1.1%
Trend
Inflation has remained relatively stable. Compared to 2016, the difference is minimal (+0.5 percentage point).
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 1.6%
- Last year
- 1.1%
- 5-year average
- 1.6%
- All-time high (2017)
- 1.6%