Inflation Rate 1970-2025
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 7.71%, a 1.05% increase from 2022.
- inflation rate for 2022 was 6.66%, a 1.44% increase from 2021.
- inflation rate for 2021 was 5.21%, a 3.44% increase from 2020.
- inflation rate for 2020 was 1.78%, a 0.17% decline from 2019.
| Similar Country Ranking | |
|---|---|
| Country Name | Inflation Rate (%) |
| Inflation Rate - Historical Data | ||
|---|---|---|
| Year | Inflation Rate (%) | Annual Change |
| 2023 | 7.71% | 1.05% |
| 2022 | 6.66% | 1.44% |
| 2021 | 5.21% | 3.44% |
| 2020 | 1.78% | -0.17% |
| 2019 | 1.95% | -2.51% |
| 2018 | 4.46% | 0.14% |
| 2017 | 4.32% | 1.58% |
| 2016 | 2.74% | 1.18% |
| 2015 | 1.56% | -1.11% |
| 2014 | 2.67% | -1.37% |
| 2013 | 4.04% | -2.05% |
| 2012 | 6.09% | 1.12% |
| 2011 | 4.97% | 1.02% |
| 2010 | 3.95% | 1.03% |
| 2009 | 2.92% | -9.39% |
| 2008 | 12.31% | 7.98% |
| 2007 | 4.33% | -0.72% |
| 2006 | 5.05% | 1.25% |
| 2005 | 3.80% | 0.00% |
| 2004 | 3.80% | -0.54% |
| 2003 | 4.34% | 1.61% |
| 2002 | 2.73% | 0.60% |
| 2001 | 2.13% | -0.56% |
| 2000 | 2.68% | -0.01% |
| 1999 | 2.69% | -1.18% |
| 1998 | 3.87% | 0.22% |
| 1997 | 3.65% | -3.19% |
| 1996 | 6.84% | -5.02% |
| 1995 | 11.86% | 0.12% |
| 1994 | 11.74% | -0.92% |
| 1993 | 12.66% | 0.33% |
| 1992 | 12.32% | -2.19% |
| 1991 | 14.51% | 2.19% |
| 1990 | 12.32% | 1.97% |
| 1989 | 10.35% | 3.45% |
| 1988 | 6.91% | -0.54% |
| 1987 | 7.44% | -4.93% |
| 1986 | 12.37% | 4.64% |
| 1985 | 7.73% | -1.50% |
| 1984 | 9.23% | 3.06% |
| 1983 | 6.17% | -4.23% |
| 1982 | 10.39% | -1.45% |
| 1981 | 11.85% | 0.26% |
| 1980 | 11.58% | 1.68% |
| 1979 | 9.90% | -0.49% |
| 1978 | 10.40% | -1.90% |
| 1977 | 12.29% | 1.51% |
| 1976 | 10.79% | 1.19% |
| 1975 | 9.59% | -2.54% |
| 1974 | 12.14% | 5.06% |
| 1973 | 7.07% | 3.36% |
| 1972 | 3.71% | -0.17% |
| 1971 | 3.88% | -0.18% |
| 1970 | 4.06% | -0.18% |