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.
Data Source: World Bank

MLA Citation:
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%