Faroe Islands: Inflation, annual

* indicates monthly or quarterly data series
The most recent value is 0.84 percent as of December 2024, a decline compared to the previous value of 1.73 percent. Historically, the average for the Faroe Islands from March 2002 to December 2024 is 1.61 percent. The minimum of -3.03 percent was recorded in September 2009, while the maximum of 10.06 percent was reached in December 2022. Click on the following link to see the values of: Inflation, annual around the world.
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* indicates monthly or quarterly data series

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  • Measure: percent
  • Source: Domestic monetary authority

Recent values Faroe Islands: Inflation, annual percent change in the CPI
2024  Dec 0.84
2024  Sep 1.73
2024  Jun 2.99
2024  Mar 2.6
2023  Dec 2.77
2023  Sep 3.67
2023  Jun 4.42
2023  Mar 8.32


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Definition: Percent change in the CPI from the same month last year.

 Related indicators Latest Reference Measure
 USD exchange rate 7.2094 1/2025 Local Currency Units per USD
 Consumer Price Index (CPI) 143.4800 Q4/2024 index points
 Inflation, monthly 0.10 12/2024 percent
 Inflation, annual 0.84 12/2024 percent
 Private sector credit 17.04 9/2024 billion
 Business credit 6.25 9/2024 billion
 Household credit 10.79 9/2024 billion
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