Faroe Islands: Inflation, annual

* indicates monthly or quarterly data series
 Faroe Islands

Inflation, annual percent change in the CPI

 Latest value 2.99
 Reference June 2024
 Measure percent
 Data availability March 2002 - June 2024
 Average 1.62
 Min - Max -3.03 - 10.06
 Source Domestic monetary authority
For that indicator, we provide data for the Faroe Islands from March 2002 to June 2024. The average value for the Faroe Islands during that period was 1.62 percent with a minimum of -3.03 percent in September 2009 and a maximum of 10.06 percent in December 2022. Click on the following link to see the values of Inflation, annual percent change in the CPI around the world.
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* indicates monthly or quarterly data series


Recent values chart
Faroe Islands - Inflation, annual - recent values

Historical chart
Faroe Islands - Inflation, annual - historical chart - 2002-2024
Measure: percent
Source: Domestic monetary authority


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

 Related indicators Latest value Reference Measure
 USD exchange rate 6.9870 9/2023 Local Currency Units per USD
 Consumer Price Index (CPI) 140.9000 Q3/2023 index points
 Inflation, monthly 1.01 9/2023 percent
 Inflation, annual 3.67 9/2023 percent
 Private sector credit 16.73 9/2023 billion
 Business credit 6.60 9/2023 billion
 Household credit 10.14 9/2023 billion
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