Inflation Rate 1965-2025

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 9.32%, a 1.84% increase from 2022.
  • inflation rate for 2022 was 7.48%, a 2.02% increase from 2021.
  • inflation rate for 2021 was 5.46%, a 3.36% increase from 2020.
  • inflation rate for 2020 was 2.10%, a 0.38% 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 9.32% 1.84%
2022 7.48% 2.02%
2021 5.46% 3.36%
2020 2.10% -0.38%
2019 2.48% -2.79%
2018 5.27% 0.45%
2017 4.82% 1.63%
2016 3.18% 0.19%
2015 3.00% 0.10%
2014 2.90% -1.92%
2013 4.82% -1.51%
2012 6.34% 1.32%
2011 5.02% 1.05%
2010 3.97% 0.67%
2009 3.29% -9.37%
2008 12.66% 7.92%
2007 4.74% -1.51%
2006 6.25% 2.76%
2005 3.49% -0.47%
2004 3.96% -0.31%
2003 4.27% 1.55%
2002 2.72% 0.45%
2001 2.27% -0.02%
2000 2.29% -0.38%
1999 2.67% -1.12%
1998 3.79% 0.19%
1997 3.60% -3.24%
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% 0.56%
1969 3.50% 2.94%
1968 0.56% -1.88%
1967 2.44% -0.44%
1966 2.89% 0.07%
1965 2.82% 0.07%