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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Albania | 1.9 | 1.6 | 1.9 | 1.3 | 2.0 |
| Algeria | 3.3 | 2.9 | 4.8 | 6.4 | 5.6 |
| Angola | 8.8 | 7.3 | 10.3 | 32.4 | 31.7 |
| Argentina | 18.4 | 38.0 | 26.7 | 41.2 | 27.7 |
| Armenia | 5.8 | 3.0 | 3.7 | -1.4 | 1.0 |
| Australia | 2.4 | 2.5 | 1.5 | 1.3 | 1.9 |
| Austria | 2.0 | 1.6 | 0.9 | 1.0 | 2.1 |
| Azerbaijan | 2.4 | 1.4 | 4.0 | 12.4 | 12.9 |
| Bahrain | 3.2 | 2.7 | 1.8 | 2.8 | 1.4 |
| Belarus | 18.3 | 18.1 | 13.5 | 11.8 | 6.0 |
| Belgium | 1.1 | 0.3 | 0.6 | 2.0 | 2.1 |
| Belize | 0.5 | 1.2 | -0.9 | 0.7 | 1.1 |
| Bolivia | 5.7 | 5.8 | 4.1 | 3.6 | 2.8 |
| Bosnia and Herzegovina | -0.1 | -0.9 | -1.1 | -1.6 | 0.8 |
| Botswana | 5.9 | 4.4 | 3.1 | 2.8 | 3.3 |
| Brazil | 6.2 | 6.3 | 9.0 | 8.7 | 3.4 |
| Brunei | 0.4 | -0.2 | -0.4 | -0.7 | -0.1 |
| Bulgaria | 0.9 | -1.4 | -0.1 | -0.8 | 2.1 |
| Cambodia | 2.9 | 3.9 | 1.2 | 3.0 | 2.9 |
| Canada | 0.9 | 1.9 | 1.1 | 1.4 | 1.6 |
| Chile | 1.8 | 4.4 | 4.4 | 3.8 | 2.2 |
| China | 2.6 | 2.0 | 1.4 | 2.0 | 1.6 |
| Colombia | 2.0 | 2.9 | 5.0 | 7.5 | 4.3 |
| Costa Rica | 5.2 | 4.5 | 0.8 | 0.0 | 1.6 |
| Croatia | 2.2 | -0.2 | -0.5 | -1.1 | 1.1 |
| Cyprus | -0.4 | -1.4 | -2.1 | -1.4 | 0.5 |
| Czech Republic | 1.4 | 0.3 | 0.3 | 0.7 | 2.5 |
| DR Congo | 1.2 | 1.2 | 1.8 | 5.9 | 53.5 |
| Denmark | 0.8 | 0.6 | 0.5 | 0.3 | 1.2 |
| Dominican Republic | 4.8 | 3.0 | 0.8 | 1.6 | 3.3 |
| Ecuador | 2.7 | 3.6 | 4.0 | 1.7 | 0.4 |
| Egypt | 9.5 | 10.1 | 10.4 | 13.8 | 29.5 |
| El Salvador | 0.8 | 1.1 | -0.7 | 0.6 | 1.0 |
| Estonia | 2.8 | -0.1 | -0.5 | 0.1 | 3.4 |
| Ethiopia | 8.1 | 7.4 | 10.1 | 7.3 | 9.9 |
| Eurozone | - | - | - | - | - |
| Finland | 1.5 | 1.0 | -0.2 | 0.4 | 0.8 |
| France | 0.9 | 0.5 | 0.0 | 0.2 | 1.0 |
| Georgia | -0.5 | 3.1 | 4.0 | 2.1 | 6.0 |
| Germany | 1.5 | 0.9 | 0.2 | 0.5 | 1.7 |
| Ghana | 8.3 | 15.5 | 17.2 | 17.5 | 12.4 |
| Greece | -0.9 | -1.3 | -1.7 | -0.8 | 1.1 |
| Guatemala | 4.3 | 3.4 | 2.4 | 4.5 | 4.4 |
| Haiti | 5.9 | 4.6 | 9.0 | 13.8 | 14.7 |
| Honduras | 5.2 | 6.1 | 3.2 | 2.7 | 3.9 |
| Hong Kong | 4.3 | 4.4 | 3.0 | 2.4 | 1.5 |
| Hungary | 1.7 | -0.2 | -0.1 | 0.4 | 2.3 |
| Iceland | 3.9 | 2.1 | 1.6 | 1.7 | 1.8 |
| India | 10.0 | 6.0 | 4.9 | 4.5 | 3.6 |
| Indonesia | 6.4 | 6.4 | 6.4 | 3.5 | 3.8 |
| Iran | 34.7 | 15.6 | 11.9 | 9.0 | 9.6 |
| Iraq | 1.9 | 2.2 | 1.4 | 0.4 | 0.2 |
| Ireland | 0.5 | 0.2 | -0.3 | 0.0 | 0.3 |
| Israel | 1.5 | 0.5 | -0.6 | -0.5 | 0.2 |
| Italy | 1.2 | 0.3 | 0.0 | -0.1 | 1.2 |
| Jamaica | 9.4 | 8.3 | 3.7 | 2.3 | 4.4 |
| Japan | 0.4 | 2.8 | 0.8 | -0.1 | 0.5 |
| Jordan | 4.8 | 2.9 | -0.9 | -0.8 | 3.3 |
| Kazakhstan | 5.8 | 6.7 | 6.6 | 14.7 | 7.4 |
| Kenya | 5.7 | 6.9 | 6.6 | 6.3 | 8.0 |
| Korea | 1.3 | 1.3 | 0.7 | 1.0 | 1.9 |
| Kosovo | 1.8 | 0.4 | -0.5 | 0.3 | 1.5 |
| Kuwait | 2.7 | 2.9 | 3.3 | 3.2 | 1.5 |
| Kyrgyzstan | 6.7 | 7.5 | 6.6 | 0.4 | 3.2 |
| Laos | 6.4 | 4.1 | 1.3 | 1.6 | 0.8 |
| Latvia | 0.0 | 0.6 | 0.2 | 0.2 | 2.9 |
| Lebanon | 4.8 | 1.9 | -3.8 | -0.8 | 4.5 |
| Lithuania | 1.1 | 0.1 | -0.9 | 0.9 | 3.7 |
| Luxembourg | 1.7 | 0.6 | 0.5 | 0.3 | 1.7 |
| Macedonia | 2.8 | -0.3 | -0.3 | -0.2 | 1.4 |
| Malaysia | 2.1 | 3.1 | 2.1 | 2.1 | 3.8 |
| Malta | 1.4 | 0.3 | 1.1 | 0.6 | 1.4 |
| Mexico | 3.8 | 4.0 | 2.7 | 2.8 | 6.0 |
| Moldova | 4.6 | 5.1 | 9.7 | 6.5 | 6.6 |
| Montenegro | 2.2 | -0.7 | 1.5 | -0.2 | 2.4 |
| Morocco | 1.9 | 0.4 | 1.6 | 1.6 | 0.8 |
| Mozambique | 4.3 | 2.6 | 3.6 | 19.9 | 15.1 |
| Myanmar | 5.7 | 5.1 | 10.0 | 6.8 | 5.1 |
| Netherlands | 2.5 | 1.0 | 0.6 | 0.3 | 1.4 |
| New Zealand | 1.1 | 1.2 | 0.3 | 0.6 | 1.9 |
| Nicaragua | 7.1 | 6.0 | 4.0 | 3.5 | 3.9 |
| Nigeria | 8.5 | 8.1 | 9.0 | 15.7 | 16.5 |
| Norway | 2.1 | 2.0 | 2.2 | 3.6 | 1.9 |
| Oman | 1.3 | 1.0 | 0.1 | 1.1 | 1.7 |
| Panama | 4.0 | 2.9 | 0.2 | 0.7 | 0.9 |
| Paraguay | 2.7 | 5.0 | 3.1 | 4.1 | 3.6 |
| Peru | 2.8 | 3.3 | 3.6 | 3.6 | 2.8 |
| Philippines | 2.6 | 3.6 | 0.7 | 1.3 | 2.9 |
| Poland | 0.9 | 0.0 | -0.9 | -0.6 | 2.0 |
| Portugal | 0.3 | -0.3 | 0.5 | 0.6 | 1.4 |
| Puerto Rico | 0.9 | 0.9 | -0.3 | -0.2 | 0.6 |
| Qatar | 3.2 | 3.4 | 1.7 | 2.8 | 0.4 |
| Romania | 4.0 | 1.1 | -0.6 | -1.5 | 1.3 |
| Russia | 6.8 | 7.8 | 15.5 | 7.1 | 3.7 |
| Saudi Arabia | 3.5 | 2.2 | 1.2 | 2.1 | -0.8 |
| Serbia | 7.9 | 2.1 | 1.4 | 1.1 | 3.2 |
| Singapore | 2.4 | 1.0 | -0.5 | -0.5 | 0.6 |
| Slovakia | 1.4 | -0.1 | -0.3 | -0.5 | 1.3 |
| Slovenia | 1.8 | 0.2 | -0.5 | -0.1 | 1.4 |
| South Africa | 5.8 | 6.1 | 4.6 | 6.3 | 5.3 |
| Spain | 1.4 | -0.2 | -0.5 | -0.2 | 2.0 |
| Sweden | -0.1 | -0.2 | 0.0 | 1.0 | 1.8 |
| Switzerland | -0.2 | 0.0 | -1.1 | -0.4 | 0.5 |
| Taiwan | 0.8 | 1.2 | -0.3 | 1.4 | 0.6 |
| Tajikistan | 5.1 | 6.1 | 5.7 | 6.0 | 7.3 |
| Tanzania | 7.9 | 6.1 | 5.6 | 5.2 | 5.3 |
| Thailand | 2.2 | 1.9 | -0.9 | 0.2 | 0.7 |
| Trinidad and Tobago | 5.2 | 5.7 | 4.7 | 3.1 | 1.9 |
| Tunisia | 5.8 | 4.9 | 4.9 | 3.7 | 5.3 |
| Turkey | 7.5 | 8.9 | 7.7 | 7.8 | 11.1 |
| Turkmenistan | 6.8 | 6.0 | 7.4 | 3.5 | 6.0 |
| USA | 1.5 | 1.6 | 0.1 | 1.3 | 2.1 |
| Uganda | 4.9 | 3.1 | 5.4 | 5.5 | 5.6 |
| Ukraine | -0.3 | 12.1 | 48.5 | 14.9 | 14.5 |
| United Arab Emirates | 1.1 | 2.4 | 4.1 | 1.6 | 2.0 |
| United Kingdom | 2.6 | 1.5 | 0.0 | 0.7 | 2.7 |
| Uruguay | 8.6 | 8.9 | 8.7 | 9.6 | 6.2 |
| Uzbekistan | 11.7 | 9.1 | 8.5 | 8.0 | 12.5 |
| Venezuela | 40.6 | 62.2 | 122 | - | - |
| Vietnam | 6.6 | 4.1 | 0.6 | 2.7 | 3.5 |
| Yemen | 11.0 | 8.2 | 39.4 | 5.0 | 20.0 |
| Zambia | 7.0 | 7.8 | 10.1 | 17.9 | 6.6 |
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Inflation Economic News
Japan: Core inflation inches up in January
February 22, 2019
The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in January, contrasting December’s 0.3% drop. Core inflation inched up from December’s seventh-month low of 0.7% to 0.8% in January.
Croatia: Inflation falls to over two-year low in January
February 22, 2019
Consumer prices fell 0.9% from the previous month in January, following the 0.8% drop recorded in December and marking the third consecutive monthly decline.
Italy: Inflation falls in January on cooling energy prices
February 21, 2019
According to a second release published by the National Statistical Institute (ISTAT) on 21 February, consumer prices rose 0.1% over the previous month in January, contrasting December’s 0.1% month-on-month decline.
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