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
India: Inflation slows dramatically in November
December 14, 2018
In November, consumer prices rose 0.07% in November from the previous month, contrasting the revised 0.36% rise in October (previously reported: +0.29% month-on-month).
Argentina: Inflation accelerates but effects of stabilizing peso emerge
December 14, 2018
According to the National Statistical Institute (INDEC), national consumer prices rose 3.2% over the previous month in November, coming in well below October’s 5.4% month-on-month increase.
Italy: Inflation remains stable in November
December 14, 2018
According to revised data released by the National Statistical Institute (ISTAT) on 14 December, consumer prices dropped a revised 0.2% month-on-month in November (previously reported: -0.1% month-on-month), following October’s flat reading.
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