Inflation Rate 1975-2025

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 5.00%, a 3.49% decline from 2022.
  • inflation rate for 2022 was 8.49%, a 4.43% increase from 2021.
  • inflation rate for 2021 was 4.06%, a 2.15% increase from 2020.
  • inflation rate for 2020 was 1.91%, a 0.19% 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 5.00% -3.49%
2022 8.49% 4.43%
2021 4.06% 2.15%
2020 1.91% -0.19%
2019 2.10% -0.95%
2018 3.05% -0.35%
2017 3.40% 1.28%
2016 2.12% -0.43%
2015 2.55% -0.63%
2014 3.18% 0.40%
2013 2.78% -1.01%
2012 3.78% -1.89%
2011 5.68% 1.76%
2010 3.91% 0.97%
2009 2.94% -6.80%
2008 9.73% 3.89%
2007 5.84% 1.43%
2006 4.42% -0.28%
2005 4.69% -0.02%
2004 4.71% -0.42%
2003 5.13% -0.17%
2002 5.30% -0.98%
2001 6.28% 1.30%
2000 4.98% -0.20%
1999 5.18% -1.70%
1998 6.88% -0.26%
1997 7.15% -2.65%
1996 9.80% -3.63%
1995 13.43% -9.14%
1994 22.57% 8.09%
1993 14.47% 3.26%
1992 11.21% -3.34%
1991 14.56% 3.16%
1990 11.40% 0.01%
1989 11.39% 2.23%
1988 9.16% -0.12%
1987 9.28% -1.64%
1986 10.92% 0.24%
1985 10.67% 1.16%
1984 9.52% -1.02%
1983 10.54% 0.69%
1982 9.85% -4.40%
1981 14.25% -3.78%
1980 18.04% 6.30%
1979 11.74% 1.08%
1978 10.66% -0.53%
1977 11.19% 0.38%
1976 10.81% -3.48%
1975 14.29% -3.48%