Inflation Rate 1986-2025

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 7.25%, a 1.52% decline from 2022.
  • inflation rate for 2022 was 8.78%, a 4.55% increase from 2021.
  • inflation rate for 2021 was 4.22%, a 0.82% increase from 2020.
  • inflation rate for 2020 was 3.40%, a 1.02% increase 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 7.25% -1.52%
2022 8.78% 4.55%
2021 4.22% 0.82%
2020 3.40% 1.02%
2019 2.38% -0.59%
2018 2.97% -2.01%
2017 4.98% 0.31%
2016 4.66% 1.26%
2015 3.40% 0.10%
2014 3.31% -1.33%
2013 4.63% -1.81%
2012 6.44% 0.01%
2011 6.43% 2.45%
2010 3.98% -0.58%
2009 4.56% -5.73%
2008 10.29% 4.29%
2007 6.00% -0.70%
2006 6.70% -1.10%
2005 7.80% 3.69%
2004 4.11% -1.12%
2003 5.23% 0.85%
2002 4.38% -0.70%
2001 5.08% 0.91%
2000 4.17% 0.35%
1999 3.81% -2.65%
1998 6.47% -0.41%
1997 6.87% -0.32%
1996 7.19% -9.24%
1995 16.43% -18.22%
1994 34.65% 26.73%
1993 7.92% -1.57%
1992 9.49% 0.89%
1991 8.59% 1.99%
1990 6.60% -1.67%
1989 8.28% -1.04%
1988 9.31% 1.16%
1987 8.15% 1.97%
1986 6.18% 1.97%