Latin America & Caribbean Inflation Rate 1967-2024
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.
- Latin America & Caribbean inflation rate for 2023 was 4.63%, a 3.15% decline from 2022.
- Latin America & Caribbean inflation rate for 2022 was 7.78%, a 4.29% increase from 2021.
- Latin America & Caribbean inflation rate for 2021 was 3.50%, a 2.5% increase from 2020.
- Latin America & Caribbean inflation rate for 2020 was 0.99%, a 1.26% decline from 2019.
| Latin America & Caribbean Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
4.63% |
-3.15% |
| 2022 |
7.78% |
4.29% |
| 2021 |
3.50% |
2.50% |
| 2020 |
0.99% |
-1.26% |
| 2019 |
2.25% |
-0.07% |
| 2018 |
2.32% |
0.13% |
| 2017 |
2.19% |
0.54% |
| 2016 |
1.65% |
-0.21% |
| 2015 |
1.86% |
-1.52% |
| 2014 |
3.38% |
0.85% |
| 2013 |
2.53% |
-1.25% |
| 2012 |
3.78% |
-1.20% |
| 2011 |
4.98% |
1.49% |
| 2010 |
3.49% |
0.99% |
| 2009 |
2.50% |
-5.61% |
| 2008 |
8.11% |
3.53% |
| 2007 |
4.58% |
0.33% |
| 2006 |
4.25% |
-0.19% |
| 2005 |
4.44% |
0.06% |
| 2004 |
4.38% |
0.65% |
| 2003 |
3.73% |
-0.22% |
| 2002 |
3.95% |
-0.11% |
| 2001 |
4.06% |
-0.55% |
| 2000 |
4.61% |
1.15% |
| 1999 |
3.45% |
-1.66% |
| 1998 |
5.11% |
-1.84% |
| 1997 |
6.95% |
-0.41% |
| 1996 |
7.36% |
-2.83% |
| 1995 |
10.19% |
0.49% |
| 1994 |
9.70% |
-0.56% |
| 1993 |
10.26% |
-0.37% |
| 1992 |
10.63% |
-10.99% |
| 1991 |
21.62% |
0.11% |
| 1990 |
21.51% |
10.10% |
| 1989 |
11.41% |
3.40% |
| 1988 |
8.01% |
-3.52% |
| 1987 |
11.54% |
1.77% |
| 1986 |
9.76% |
-3.20% |
| 1985 |
12.96% |
1.45% |
| 1984 |
11.51% |
1.26% |
| 1983 |
10.24% |
2.43% |
| 1982 |
7.81% |
-6.24% |
| 1981 |
14.05% |
-3.87% |
| 1980 |
17.92% |
3.20% |
| 1979 |
14.72% |
4.42% |
| 1978 |
10.31% |
-0.38% |
| 1977 |
10.69% |
0.90% |
| 1976 |
9.79% |
-6.98% |
| 1975 |
16.77% |
-6.47% |
| 1974 |
23.24% |
9.63% |
| 1973 |
13.62% |
6.95% |
| 1972 |
6.67% |
1.89% |
| 1971 |
4.78% |
0.13% |
| 1970 |
4.65% |
2.02% |
| 1969 |
2.63% |
-1.46% |
| 1968 |
4.09% |
1.08% |
| 1967 |
3.02% |
1.08% |
