Current inflation British Virgin Islands 1.4%
May 2017
Current Inflation
Inflation is low at 1.4%, below the ECB target of 2%.
Historical Context
Inflation is around the 5-year average of 1.4%.
- 5-year average
- 1.4%
- 10-year average
- 1.4%
- All-time high (2017)
- 1.6%
- All-time low (2016)
- 1.1%
Trend
Over the period 2016-2017, inflation has remained relatively stable. Compared to 2016, average inflation in 2017 through May has risen by 0.5 percentage points.
ECB Target
Inflation is 0.6 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 $101.40 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- Average 2017 through May
- 1.6%
- Last year
- 1.1%
- 5-year average
- 1.4%
- All-time high (2017)
- 1.6%