Visualization of Inflation Data

The idea of myinflationtool.com  is simple: Visually analyse the inflation data by country and by item of your specific interest.

For the experts and journalists among you, we provide a smart download feature. Check it out!

Latest Eurostat data update: December 16, 2016

Basic inflation charts

Inflation rates by country and by class

This type of graph simply depicts the inflation of one of 31 countries or country agglomerates like the Euro area.

Or choose from a list of subcategories: among them are four special aggregates, 12 sub aggregates or 12 COICOP devisions.

More detailed categories are work in progress.

CONTRIBUTION TO INFLATION

Contribution to Inflation by 4 Special Aggregates

There are 4 major components contributing to inflation:

Energy, food, industrial goods, and services.

This particular analysis decomposes the inflation rate of the country of your choice into its 4 main components. By deselecting e.g. energy and food categories, you can easily generate a core inflation graph or analyze the impact of a single aggregate on overall inflation.

 

Contribution to Inflation by 12 COICOP* groups

Another way of analyzing inflation data is to look at the so-called COICOP divisions. This standard UN classification enables you decompose inflation according the most common classification: COICOP.

Please note:
*COICOP stands for Classification of Individual Consumption by Purpose. The above used main and sub aggregates are special aggregates based on a specific combination of four-digits COICOP classes.

Inflation differential

Inflation differential between two countries

Why is country A’s inflation higher than country B’s? Or vice versa? The analysis of inflation differentials between two countries enables you to understand this - in a few clicks!

This view is a very helpful tool especially for countries being member of currency union like the Euro area, when comparing the individual country’s inflation against the benchmark of overall Euro area inflation.