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.
Data Source: World Bank

MLA Citation:
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%