Inflation Rate 1987-2025
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 6.30%, a 2.22% decline from 2022.
- inflation rate for 2022 was 8.52%, a 5.02% increase from 2021.
- inflation rate for 2021 was 3.50%, a 1.56% increase from 2020.
- inflation rate for 2020 was 1.94%, a 0.22% decline from 2019.
| Similar Country Ranking | |
|---|---|
| Country Name | Inflation Rate (%) |
| Inflation Rate - Historical Data | ||
|---|---|---|
| Year | Inflation Rate (%) | Annual Change |
| 2023 | 6.30% | -2.22% |
| 2022 | 8.52% | 5.02% |
| 2021 | 3.50% | 1.56% |
| 2020 | 1.94% | -0.22% |
| 2019 | 2.16% | -0.31% |
| 2018 | 2.47% | 0.30% |
| 2017 | 2.18% | 1.07% |
| 2016 | 1.11% | -0.45% |
| 2015 | 1.56% | -0.49% |
| 2014 | 2.04% | -0.64% |
| 2013 | 2.68% | -0.63% |
| 2012 | 3.32% | -1.05% |
| 2011 | 4.37% | 1.07% |
| 2010 | 3.30% | 0.26% |
| 2009 | 3.04% | -5.91% |
| 2008 | 8.96% | 3.52% |
| 2007 | 5.44% | 1.07% |
| 2006 | 4.37% | 0.22% |
| 2005 | 4.14% | 0.29% |
| 2004 | 3.86% | 0.62% |
| 2003 | 3.23% | 0.43% |
| 2002 | 2.80% | -1.84% |
| 2001 | 4.65% | 0.54% |
| 2000 | 4.10% | 0.71% |
| 1999 | 3.39% | -2.05% |
| 1998 | 5.44% | -0.44% |
| 1997 | 5.88% | -1.35% |
| 1996 | 7.23% | -0.79% |
| 1995 | 8.01% | -3.43% |
| 1994 | 11.44% | 0.77% |
| 1993 | 10.68% | 4.85% |
| 1992 | 5.82% | -1.08% |
| 1991 | 6.90% | -0.70% |
| 1990 | 7.61% | 1.42% |
| 1989 | 6.19% | -1.01% |
| 1988 | 7.20% | 1.44% |
| 1987 | 5.76% | 1.44% |