San Marino: Inflation

* indicates monthly or quarterly data series
 San Marino

Inflation: percent change in the Consumer Price Index

 Latest value 1.0
 Year 2017
 Measure percent
 Data availability 2004 - 2017
 Average 1.9
 Min - Max 0.1 - 4.3
 Source The World Bank
For that indicator, we provide data for San Marino from 2004 to 2017. The average value for San Marino during that period was 1.9 percent with a minimum of 0.1 percent in 2015 and a maximum of 4.3 percent in 2008. The latest value from 2017 is 1 percent. For comparison, the world average in 2017 based on 175 countries is 4.2 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
San Marino - Inflation - Recent values chart

Historical chart
San Marino - Inflation - historical chart - 2004-2017

Inflation in San Marino and other countries is usually calculated as the percent change in the Consumer Price Index (CPI) from one year to the next. The CPI represents the prices paid by the average urban consumer in each respective country. Inflation can also be calculated with other price indexes such as the Produce Price Index or the so-called GDP deflator.

Most countries try to keep inflation somewhere around 2-3 percent per year. That is too low to cause any problems for the businesses and households. At the same time, it is comfortably away from negative inflation, i.e. from deflation. Of course, this target is often missed.
Definition: 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.

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 Related indicators Latest value Reference Measure
 Inflation 1.0 2017 percent
 Exchange rate regimes 1 2021 index points
 USD exchange rate 0.9368 9/2023 Local Currency Units per USD
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