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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Guatemala: Inflation falls in October
November 24, 2021
Consumer prices increased 0.36% over the previous month in October, picking up from the 0.21% rise seen in September.
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Japan: Core inflation rises marginally in October
November 19, 2021
Core consumer prices—which exclude fresh food—fell 0.20% over the previous month in October, contrasting September's 0.10% rise. Core consumer prices rose 0.2% in October, up slightly from September’s 0.1% increase.
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United Kingdom: Inflation comes in at highest level since December 2011 in October
November 17, 2021
Consumer prices increased 1.09% from the previous month in October, picking up from September's 0.29% rise.
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