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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Euro Area: Inflation at over two-and-a-half--year high in May, on surging energy prices
June 18, 2021
Harmonized inflation came in at 2.0% in May, following April’s 1.6% and marking the highest print since October 2018.
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Japan: Inflation comes in at over one-year high in May
June 18, 2021
Core consumer prices rose 0.20% over the previous month in May, contrasting the 0.49% fall recorded in April. Core consumer prices—which exclude fresh food—increased 0.1% in annual terms in May, contrasting April’s 0.1% year-on-year drop in prices.
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Panama: Inflation comes in at highest level since October 2014 in May
June 17, 2021
Consumer prices rose 0.21% from the previous month in May, picking up from the 0.12% rise recorded in April.
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