Inflation Rate (CPI, annual variation in %)
Inflation refers to an overall increase in the Consumer Price Index (CPI), which is a weighted average of prices for different goods. The set of goods that make up the index depends on which are considered representative of a common consumption basket. Therefore, depending on the country and the consumption habits of the majority of the population, the index will comprise different goods. Some goods might record a drop in prices, whereas others may increase, thus the overall value of the CPI will depend on the weight of each of the goods with respect to the whole basket. Annual inflation, refers to the percent change of the CPI compared to the same month of the previous year.
The table below shows annual inflation by country for the last five years.
Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.
Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Albania | 1.9 | 1.3 | 2.0 | 2.0 | 1.4 |
| Algeria | 4.4 | 5.8 | 5.9 | 3.5 | 2.4 |
| Angola | 10.3 | 32.4 | 31.7 | 20.3 | 17.3 |
| Argentina | 26.7 | 41.2 | 27.7 | - | - |
| Armenia | 3.7 | -1.4 | 1.0 | 2.5 | 1.5 |
| Australia | 1.5 | 1.3 | 1.9 | 1.9 | 1.6 |
| Austria | 0.9 | 0.9 | 2.1 | 2.0 | 1.5 |
| Azerbaijan | 4.0 | 12.4 | 12.9 | 2.3 | 2.6 |
| Bahrain | 1.9 | 2.8 | 1.4 | 2.1 | 1.0 |
| Belarus | 13.5 | 11.8 | 6.0 | 4.9 | 5.6 |
| Belgium | 0.6 | 2.0 | 2.1 | 2.1 | 1.4 |
| Belize | -0.9 | 0.7 | 1.1 | 0.3 | 0.2 |
| Bolivia | 4.1 | 3.6 | 2.8 | 2.3 | 1.8 |
| Bosnia and Herzegovina | -1.1 | -1.6 | 0.8 | 1.4 | 0.6 |
| Botswana | 3.1 | 2.8 | 3.3 | 3.2 | 2.8 |
| Brazil | 9.0 | 8.7 | 3.4 | 3.7 | 3.7 |
| Brunei | -0.3 | -0.4 | -1.3 | 0.1 | -0.3 |
| Bulgaria | -0.1 | -0.8 | 2.1 | 2.8 | 3.1 |
| Cambodia | 1.2 | 3.0 | 2.9 | 2.5 | 1.9 |
| Canada | 1.1 | 1.4 | 1.6 | 2.3 | 1.9 |
| Chile | 4.4 | 3.8 | 2.2 | 2.4 | 2.3 |
| China | 1.4 | 2.0 | 1.6 | 2.1 | 2.9 |
| Colombia | 5.0 | 7.5 | 4.3 | 3.2 | 3.5 |
| Costa Rica | 0.8 | 0.0 | 1.6 | 2.2 | 2.1 |
| Croatia | -0.5 | -1.1 | 1.1 | 1.5 | 0.8 |
| Cyprus | -2.1 | -1.4 | 0.5 | 1.4 | 0.3 |
| Czech Republic | 0.3 | 0.7 | 2.5 | 2.1 | 2.8 |
| DR Congo | - | - | - | - | - |
| Denmark | 0.5 | 0.3 | 1.1 | 0.8 | 0.8 |
| Dominican Republic | 0.8 | 1.6 | 3.3 | 3.6 | 1.8 |
| Ecuador | 4.0 | 1.7 | 0.4 | -0.2 | 0.3 |
| Egypt | 10.4 | 13.8 | 29.5 | 14.4 | 9.2 |
| El Salvador | -0.7 | 0.6 | 1.0 | 1.1 | 0.1 |
| Estonia | -0.5 | 0.1 | 3.4 | 3.4 | 2.3 |
| Ethiopia | 10.1 | 7.3 | 10.9 | 13.8 | 15.8 |
| Eurozone | - | - | - | - | - |
| Finland | -0.2 | 0.4 | 0.8 | 1.1 | 1.0 |
| France | 0.0 | 0.2 | 1.0 | 1.9 | 1.1 |
| Georgia | 4.0 | 2.1 | 6.0 | 2.6 | 4.9 |
| Germany | 0.5 | 0.5 | 1.5 | 1.7 | 1.4 |
| Ghana | 17.2 | 17.5 | 12.4 | 9.8 | 8.7 |
| Greece | -1.7 | -0.8 | 1.1 | 0.6 | 0.3 |
| Guatemala | 2.4 | 4.5 | 4.4 | 3.8 | 3.7 |
| Haiti | 9.0 | 13.8 | 14.7 | 13.7 | - |
| Honduras | 3.2 | 2.7 | 3.9 | 4.3 | 4.4 |
| Hong Kong | 3.0 | 2.4 | 1.5 | 2.4 | 2.9 |
| Hungary | -0.1 | 0.4 | 2.4 | 2.8 | 3.4 |
| Iceland | 1.6 | 1.7 | 1.8 | 2.7 | 3.0 |
| India | 4.9 | 4.5 | 3.6 | 3.4 | 4.8 |
| Indonesia | 6.4 | 3.5 | 3.8 | 3.3 | 2.8 |
| Iran | 11.1 | 6.9 | 8.2 | 26.9 | 34.8 |
| Iraq | 1.4 | 0.5 | 0.1 | 0.4 | -0.2 |
| Ireland | -0.3 | 0.0 | 0.3 | 0.5 | 0.9 |
| Israel | -0.6 | -0.5 | 0.2 | 0.8 | 0.8 |
| Italy | 0.0 | -0.1 | 1.2 | 1.1 | 0.6 |
| Jamaica | 3.7 | 2.3 | 4.4 | 3.7 | 3.9 |
| Japan | 0.8 | -0.1 | 0.5 | 1.0 | 0.5 |
| Jordan | -0.9 | -0.8 | 3.3 | 4.5 | 0.3 |
| Kazakhstan | 6.6 | 14.7 | 7.4 | 6.0 | 5.2 |
| Kenya | 6.6 | 6.3 | 8.0 | 4.7 | 5.1 |
| Korea | 0.7 | 1.0 | 1.9 | 1.5 | 0.4 |
| Kosovo | -0.5 | 0.3 | 1.5 | 1.1 | 2.7 |
| Kuwait | 3.7 | 3.5 | 1.5 | 0.6 | 1.1 |
| Kyrgyzstan | 6.6 | 0.4 | 3.2 | 1.5 | 1.2 |
| Laos | 1.3 | 1.6 | 0.8 | 2.0 | 3.3 |
| Latvia | 0.2 | 0.2 | 2.9 | 2.5 | 2.8 |
| Lebanon | -3.7 | -0.8 | 4.4 | 6.1 | 2.9 |
| Lithuania | -0.9 | 0.9 | 3.7 | 2.7 | 2.3 |
| Luxembourg | 0.5 | 0.3 | 1.7 | 1.5 | 1.7 |
| Malaysia | 2.1 | 2.1 | 3.8 | 1.0 | 0.7 |
| Malta | 1.1 | 0.6 | 1.4 | 1.2 | 1.6 |
| Mexico | 2.7 | 2.8 | 6.0 | 4.9 | 3.6 |
| Moldova | 9.7 | 6.4 | 6.6 | 3.1 | 4.8 |
| Montenegro | 1.5 | -0.3 | 2.4 | 2.6 | 0.4 |
| Morocco | 1.6 | 1.6 | 0.8 | 2.0 | 0.2 |
| Mozambique | 3.6 | 19.9 | 15.1 | 3.9 | 2.8 |
| Myanmar | 9.4 | 7.0 | 4.6 | 6.9 | 8.8 |
| Netherlands | 0.6 | 0.3 | 1.4 | 1.7 | 2.6 |
| New Zealand | 0.3 | 0.6 | 1.9 | 1.6 | 1.6 |
| Nicaragua | 4.0 | 3.5 | 3.9 | 4.9 | 5.4 |
| Nigeria | 9.0 | 15.7 | 16.5 | 12.1 | 11.4 |
| North Macedonia | -0.3 | -0.2 | 1.4 | 1.4 | 0.8 |
| Norway | 2.2 | 3.6 | 1.9 | 2.8 | 2.2 |
| Oman | 0.1 | 1.1 | 1.6 | 0.9 | 0.1 |
| Panama | 0.1 | 0.7 | 0.9 | 0.8 | -0.4 |
| Paraguay | 3.1 | 4.1 | 3.6 | 4.0 | 2.8 |
| Peru | 3.6 | 3.6 | 2.8 | 1.3 | 2.1 |
| Philippines | 0.7 | 1.3 | 2.9 | 5.2 | 2.5 |
| Poland | -0.9 | -0.6 | 2.0 | 1.6 | 2.3 |
| Portugal | 0.5 | 0.6 | 1.4 | 1.0 | 0.3 |
| Puerto Rico | -0.7 | -0.3 | 1.8 | 1.2 | 0.1 |
| Qatar | 1.7 | 2.8 | 0.4 | 0.3 | -0.6 |
| Romania | -0.6 | -1.5 | 1.3 | 4.6 | 3.8 |
| Russia | 15.5 | 7.1 | 3.7 | 2.9 | 4.5 |
| Saudi Arabia | 1.2 | 2.1 | -0.8 | 2.5 | -2.1 |
| Serbia | 1.4 | 1.1 | 3.2 | 2.0 | 1.9 |
| Singapore | -0.5 | -0.5 | 0.6 | 0.4 | 0.6 |
| Slovakia | -0.3 | -0.5 | 1.3 | 2.5 | 2.7 |
| Slovenia | -0.5 | -0.1 | 1.4 | 1.7 | 1.6 |
| South Africa | 4.6 | 6.3 | 5.3 | 4.6 | 4.1 |
| Spain | -0.5 | -0.2 | 2.0 | 1.7 | 0.7 |
| Sweden | 0.0 | 1.0 | 1.8 | 2.0 | 1.8 |
| Switzerland | -1.1 | -0.4 | 0.5 | 0.9 | 0.4 |
| Taiwan | -0.3 | 1.4 | 0.6 | 1.4 | 0.6 |
| Tajikistan | 5.7 | 6.0 | 7.3 | 3.9 | 7.8 |
| Tanzania | 5.6 | 5.2 | 5.3 | 3.5 | 3.4 |
| Thailand | -0.9 | 0.2 | 0.7 | 1.1 | 0.7 |
| Trinidad and Tobago | 4.7 | 3.1 | 1.9 | 1.0 | 1.0 |
| Tunisia | 4.8 | 3.6 | 5.3 | 7.3 | 6.7 |
| Turkey | 7.7 | 7.8 | 11.1 | 16.3 | 15.2 |
| Turkmenistan | 7.4 | 3.6 | 8.0 | 13.2 | 13.4 |
| USA | 0.1 | 1.3 | 2.1 | 2.4 | 1.8 |
| Uganda | 5.4 | 5.5 | 5.6 | 2.6 | 2.9 |
| Ukraine | 48.5 | 14.9 | 14.5 | 11.0 | 7.9 |
| United Arab Emirates | 4.1 | 1.6 | 2.0 | 3.1 | -1.9 |
| United Kingdom | 0.0 | 0.7 | 2.7 | 2.5 | 1.8 |
| Uruguay | 8.7 | 9.6 | 6.2 | 7.6 | 7.9 |
| Uzbekistan | 8.5 | 8.8 | 13.9 | 17.5 | 14.5 |
| Venezuela | 122 | 255 | 438 | 65,374 | 19,906 |
| Vietnam | 0.6 | 2.7 | 3.5 | 3.6 | 2.8 |
| Yemen | 22.0 | 21.3 | 30.4 | 27.6 | 14.7 |
| Zambia | 10.1 | 17.9 | 6.6 | 7.5 | 9.2 |
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Inflation Economic News
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Hong Kong: Consumer prices record smallest in four months in October
November 20, 2020
Consumer prices rose a seasonally-adjusted 0.90% from the previous month in October, swinging from September's 0.80% fall.
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Euro Area: Pace of decline in annual prices stable in October
November 18, 2020
Harmonized consumer prices fell 0.3% compared to the same period of the previous year in October, matching September’s decrease.
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United Kingdom: Inflation increases in October
November 18, 2020
Consumer prices were unchanged in October over the previous month, which was below September's 0.41% rise.
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