Inflation Rate 1994-2025
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- inflation rate for 2023 was 9.36%, a 4.49% decline from 2022.
- inflation rate for 2022 was 13.85%, a 6.67% increase from 2021.
- inflation rate for 2021 was 7.18%, a 4.43% increase from 2020.
- inflation rate for 2020 was 2.76%, a 0.08% increase from 2019.
| Similar Country Ranking | |
|---|---|
| Country Name | Inflation Rate (%) |
| Inflation Rate - Historical Data | ||
|---|---|---|
| Year | Inflation Rate (%) | Annual Change |
| 2023 | 9.36% | -4.49% |
| 2022 | 13.85% | 6.67% |
| 2021 | 7.18% | 4.43% |
| 2020 | 2.76% | 0.08% |
| 2019 | 2.68% | 0.06% |
| 2018 | 2.61% | -3.42% |
| 2017 | 6.03% | 1.96% |
| 2016 | 4.07% | -0.80% |
| 2015 | 4.87% | 0.79% |
| 2014 | 4.08% | -0.73% |
| 2013 | 4.80% | 1.49% |
| 2012 | 3.32% | -4.54% |
| 2011 | 7.86% | 1.08% |
| 2010 | 6.78% | 3.34% |
| 2009 | 3.44% | -7.99% |
| 2008 | 11.43% | 2.84% |
| 2007 | 8.59% | 0.93% |
| 2006 | 7.66% | -0.22% |
| 2005 | 7.88% | 0.96% |
| 2004 | 6.92% | 1.97% |
| 2003 | 4.95% | -0.64% |
| 2002 | 5.59% | -2.77% |
| 2001 | 8.35% | -7.59% |
| 2000 | 15.94% | -5.00% |
| 1999 | 20.94% | 11.37% |
| 1998 | 9.56% | -7.11% |
| 1997 | 16.67% | -18.89% |
| 1996 | 35.56% | -127.15% |
| 1995 | 162.72% | -728.47% |
| 1994 | 891.19% | -728.47% |