Faroe Islands: Inflation, monthly
* indicates monthly or quarterly data series
The most recent value is -0.22 percent as of September 2024, a decline compared to the previous value of 0.49 percent. Historically, the average for the Faroe Islands from June 2001 to September 2024 is 0.39 percent. The minimum of -1.26 percent was recorded in December 2008, while the maximum of 3.85 percent was reached in June 2022.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Domestic monetary authority
| Recent values | Faroe Islands: Inflation, monthly percent change in the CPI |
|---|---|
| 2024 Sep | -0.22 |
| 2024 Jun | 0.49 |
| 2024 Mar | 0.47 |
| 2023 Dec | 0.99 |
| 2023 Sep | 1.01 |
| 2023 Jun | 0.11 |
| 2023 Mar | 0.64 |
| 2022 Dec | 1.88 |
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Definition: The percentage change in the CPI from one month to the next.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| USD exchange rate | 6.7162 | 9/2024 | Local Currency Units per USD |
| Consumer Price Index (CPI) | 143.3400 | Q3/2024 | index points |
| Inflation, monthly | -0.22 | 9/2024 | percent |
| Inflation, annual | 1.73 | 9/2024 | percent |
| Private sector credit | 17.07 | 6/2024 | billion |
| Business credit | 6.50 | 6/2024 | billion |
| Household credit | 10.57 | 6/2024 | billion |