Inflation Rate 1981-2025

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 4.23%, a 2.81% decline from 2022.
  • inflation rate for 2022 was 7.04%, a 4.61% increase from 2021.
  • inflation rate for 2021 was 2.43%, a 1.51% increase from 2020.
  • inflation rate for 2020 was 0.92%, a 0.45% 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 4.23% -2.81%
2022 7.04% 4.61%
2021 2.43% 1.51%
2020 0.92% -0.45%
2019 1.37% -1.08%
2018 2.45% 0.69%
2017 1.76% 1.19%
2016 0.57% -0.53%
2015 1.10% -0.24%
2014 1.34% -1.70%
2013 3.04% -1.00%
2012 4.04% -0.20%
2011 4.24% 1.29%
2010 2.95% 0.30%
2009 2.66% -6.26%
2008 8.91% 3.90%
2007 5.01% 1.58%
2006 3.43% 0.42%
2005 3.01% -0.11%
2004 3.12% 0.81%
2003 2.31% -0.49%
2002 2.80% -0.61%
2001 3.41% -0.60%
2000 4.02% 0.72%
1999 3.30% 0.72%
1998 2.58% -3.93%
1997 6.51% 2.03%
1996 4.47% -1.26%
1995 5.73% 1.94%
1994 3.79% -1.53%
1993 5.32% 1.37%
1992 3.95% -2.86%
1991 6.81% 2.31%
1990 4.50% -0.05%
1989 4.56% 0.48%
1988 4.07% 0.76%
1987 3.32% -2.56%
1986 5.88% 3.52%
1985 2.35% -3.64%
1984 5.99% 0.67%
1983 5.32% -2.34%
1982 7.66% -3.39%
1981 11.04% -3.39%