Inflation, annual by country: the latest data

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

Countries	Latest value	Reference	Three months ago	One year ago
Afghanistan	0.00	Jun / 2023	4.11	21.08
Albania	3.81	Oct / 2023	4.18	8.32
Algeria	10.34	Sep / 2023	8.70	8.85
Andorra	5.60	Oct / 2023	4.45	7.02
Angola	16.58	Oct / 2023	12.12	16.68
Antigua and Barbuda	9.25	Dec / 2022	8.62	1.22
Argentina	142.36	Oct / 2023	113.40	87.76
Armenia	-0.45	Nov / 2023	-0.16	22.11
Aruba	1.69	Sep / 2023	2.85	7.02
Australia	5.37	Q3 / 2023	6.03	7.27
Austria	4.88	Nov / 2023	7.46	11.17
Azerbaijan	3.86	Oct / 2023	9.37	15.50
Bahamas	2.28	Jul / 2023	4.00	7.13
Bahrain	0.72	Apr / 2023	0.81	3.51
Bangladesh	2.94	Sep / 2023	2.97	9.09
Barbados	12.32	Dec / 2022	6.47	5.05
Belarus	3.53	Oct / 2023	2.46	15.18
Belgium	-0.74	Nov / 2023	2.38	10.45
Belize	3.28	Jun / 2023	5.86	6.74
Benin	-1.09	Oct / 2023	3.92	2.14
Bermuda	3.32	May / 2023	4.40	3.73
Bhutan	5.03	Sep / 2023	3.83	6.05
Bolivia	2.08	Oct / 2023	2.70	2.89
Bosnia and Herzegovina	2.11	Oct / 2023	4.04	17.66
Botswana	3.01	Oct / 2023	1.29	12.93
Brazil	4.82	Oct / 2023	3.99	6.47
Brunei	-0.67	Sep / 2023	0.22	4.29
Bulgaria	5.92	Oct / 2023	7.84	14.84
Burkina Faso	-1.57	Oct / 2023	-1.09	14.97
Burma (Myanmar)	19.43	Jun / 2022	17.30	5.68
Burundi	32.70	Mar / 2023	24.44	12.26
Cambodia	0.04	Jun / 2023	0.71	7.85
Cameroon	8.04	Jun / 2023	8.52	6.01
Canada	3.12	Oct / 2023	3.27	6.88
Cape Verde	2.00	Oct / 2023	2.56	8.20
Chad	8.01	Aug / 2023	8.60	7.68
Chile	5.03	Oct / 2023	6.48	12.81
China	-0.11	Oct / 2023	-0.18	2.12
Colombia	10.48	Oct / 2023	11.79	12.22
Comoros	-10.89	May / 2017	-4.27	1.33
Costa Rica	-1.28	Oct / 2023	-2.29	8.99
Croatia	5.52	Nov / 2023	8.42	12.95
Cyprus	2.47	Nov / 2023	3.06	8.09
Czechia	9.46	Oct / 2023	10.21	15.54
Denmark	-0.42	Oct / 2023	3.21	11.36
Djibouti	4.14	Jan / 2023	5.74	2.61
Dominica	3.60	Jun / 2023	7.07	9.02
Dominican Republic	4.35	Oct / 2023	3.95	8.24
Ecuador	1.94	Oct / 2023	2.07	4.03
Egypt	38.56	Oct / 2023	38.24	16.27
El Salvador	2.67	Oct / 2023	3.34	7.47
Estonia	4.14	Nov / 2023	4.30	21.40
Ethiopia	28.23	Sep / 2023	29.35	30.68
Euro area	2.41	Nov / 2023	5.24	10.05
Faroe Islands	3.68	Sep / 2023	10.10	0.17
Fiji	3.48	Oct / 2023	0.25	5.37
Finland	0.76	Nov / 2023	3.14	9.06
France	3.82	Nov / 2023	5.72	7.08
Gambia	18.41	Aug / 2023	17.24	12.93
Georgia	0.08	Nov / 2023	0.89	10.44
Germany	3.00	Oct / 2023	6.47	11.56
Ghana	35.18	Oct / 2023	30.65	28.58
Greece	2.96	Nov / 2023	3.47	8.82
Grenada	2.23	Jun / 2023	3.70	3.12
Guatemala	4.98	Oct / 2023	4.53	9.70
Guinea	4.98	Aug / 2023	0.50	0.91
Guinea-Bissau	8.98	Jun / 2023	10.18	8.35
Guyana	1.03	Sep / 2023	1.88	6.49
Haiti	31.86	Sep / 2023	43.75	38.53
Honduras	5.84	Oct / 2023	5.15	10.18
Hong Kong	2.79	Oct / 2023	1.84	-7.90
Hungary	9.59	Oct / 2023	17.49	21.86
Iceland	7.58	Oct / 2023	7.46	6.41
India	4.87	Oct / 2023	7.44	6.77
Indonesia	2.56	Oct / 2023	3.08	5.71
Iran	39.21	Nov / 2023	39.72	12.12
Iraq	3.41	Jun / 2023	5.26	5.46
Ireland	2.34	Nov / 2023	4.93	8.96
Israel	3.33	Oct / 2023	2.35	4.67
Italy	0.75	Nov / 2023	5.54	12.58
Ivory Coast	3.72	Oct / 2023	4.60	6.19
Jamaica	5.10	Oct / 2023	6.60	9.83
Japan	3.28	Oct / 2023	3.32	3.80
Jordan	1.36	Oct / 2023	0.92	5.24
Kazakhstan	10.58	Nov / 2023	13.40	19.60
Kenya	6.80	Nov / 2023	6.72	9.48
Kuwait	3.80	Oct / 2023	3.75	3.27
Kyrgyzstan	9.12	Oct / 2023	10.25	15.44
Laos	25.88	Aug / 2023	38.86	30.01
Latvia	1.11	Nov / 2023	5.63	21.73
Lebanon	215.43	Oct / 2023	251.53	158.46
Lesotho	6.17	Oct / 2021	5.45	5.58
Liberia	12.36	Jun / 2023	6.10	6.32
Libya	2.15	Jul / 2023	2.29	4.26
Liechtenstein	1.52	Nov / 2023	1.51	2.93
Lithuania	3.10	Oct / 2023	7.17	22.11
Luxembourg	2.13	Nov / 2023	3.52	7.31
Macao	1.10	Oct / 2023	0.78	1.02
North Macedonia	3.37	Oct / 2023	8.68	19.36
Madagascar	12.11	Apr / 2023	11.45	6.21
Malawi	26.90	Oct / 2023	28.40	26.70
Malaysia	1.79	Oct / 2023	2.03	3.96
Maldives	2.65	Sep / 2023	2.28	2.91
Mali	-1.83	Oct / 2023	0.60	10.19
Malta	3.81	Nov / 2023	5.03	7.22
Mauritania	1.73	Oct / 2023	4.02	8.81
Mauritius	4.61	Oct / 2023	5.89	11.93
Mexico	4.26	Oct / 2023	4.79	8.41
Moldova	6.34	Oct / 2023	10.76	34.62
Mongolia	9.03	Oct / 2023	9.57	14.74
Montenegro	6.07	Oct / 2023	6.90	16.84
Montserrat	-0.31	Dec / 2022	-2.08	5.17
Morocco	5.19	Oct / 2023	5.93	8.17
Mozambique	4.75	Oct / 2023	5.67	11.83
Namibia	6.03	Oct / 2023	4.54	7.07
Nepal	7.44	Jul / 2023	7.76	8.08
Netherlands	1.40	Nov / 2023	3.40	11.32
New Caledonia	0.51	Oct / 2023	1.82	5.14
New Zealand	5.65	Q3 / 2023	6.03	7.23
Nicaragua	7.46	Aug / 2023	9.47	12.15
Niger	1.67	Jun / 2023	1.34	4.69
Nigeria	27.33	Oct / 2023	24.08	21.09
Norway	3.66	Oct / 2023	5.63	8.45
Oman	0.82	Aug / 2023	0.92	2.42
Pakistan	29.23	Nov / 2023	27.38	23.84
Palestine	7.22	Oct / 2023	4.64	10.73
Panama	2.31	Sep / 2023	-0.64	1.93
Papua New Guinea	1.41	Q2 / 2023	1.68	5.47
Paraguay	3.53	Oct / 2023	3.48	8.07
Peru	4.52	Oct / 2023	6.02	8.64
Philippines	4.92	Oct / 2023	4.66	5.64
Poland	6.34	Oct / 2023	10.28	16.39
Portugal	2.25	Nov / 2023	5.32	10.25
Puerto Rico	2.72	Oct / 2023	2.33	6.57
Qatar	2.52	Oct / 2023	3.11	5.00
Republic of the Congo	1.12	Aug / 2018	1.12	0.67
Romania	8.34	Oct / 2023	8.93	13.47
Russia	6.70	Oct / 2023	4.29	12.63
Rwanda	12.93	Oct / 2023	17.26	31.11
Saint Lucia	6.90	Dec / 2022	7.86	4.15
Saint Vincent and the Grenadines	5.31	Jun / 2023	5.55	5.23
Samoa	2.28	Aug / 2023	12.12	15.18
Sao Tome and Principe	25.35	Jun / 2023	22.77	16.70
Saudi Arabia	1.62	Oct / 2023	2.31	3.01
Senegal	2.42	Oct / 2023	5.73	12.99
Serbia	8.44	Oct / 2023	12.38	14.59
Seychelles	-2.66	Oct / 2023	-1.98	2.92
Sierra Leone	50.94	Aug / 2023	44.43	7.31
Singapore	4.73	Oct / 2023	4.14	6.75
Slovakia	6.92	Nov / 2023	9.63	15.06
Slovenia	4.51	Nov / 2023	6.06	10.76
Solomon Islands	4.30	May / 2022	-1.08	-1.71
Somalia	6.21	Oct / 2023	5.98	6.90
South Africa	5.92	Oct / 2023	4.73	5.98
South Korea	3.34	Nov / 2023	3.42	5.04
Spain	3.23	Nov / 2023	2.41	6.69
Sri Lanka	0.99	Oct / 2023	1.44	43.86
Sudan	87.32	Dec / 2022	107.29	318.21
Suriname	50.79	Sep / 2023	54.63	41.89
Swaziland	5.24	Jun / 2023	5.54	4.62
Sweden	3.95	Oct / 2023	6.34	9.79
Switzerland	2.01	Oct / 2023	2.07	2.86
Taiwan	2.90	Nov / 2023	2.53	2.35
Tajikistan	21.22	Dec / 2022	19.33	8.04
Tanzania	3.17	Oct / 2023	3.32	4.94
Thailand	-0.44	Nov / 2023	0.88	5.60
Togo	5.01	Oct / 2023	6.47	7.26
Tonga	11.31	Q2 / 2022	7.88	6.91
Trinidad and Tobago	3.87	Sep / 2023	5.77	6.16
Tunisia	8.62	Oct / 2023	9.05	9.25
Turkey	61.48	Oct / 2023	48.01	85.45
USA	3.24	Oct / 2023	3.18	7.75
Uganda	2.60	Nov / 2023	3.46	10.58
Ukraine	5.29	Oct / 2023	11.30	26.61
United Arab Emirates	1.03	Jun / 2023	-3.47	-0.38
United Kingdom	4.75	Oct / 2023	6.44	9.61
Uruguay	4.30	Oct / 2023	4.79	2.78
Vanuatu	14.44	Q2 / 2023	11.57	3.74
Venezuela	317.63	Sep / 2023	404.37	157.43
Vietnam	3.45	Nov / 2023	2.96	4.37
Zambia	12.62	Oct / 2023	10.26	9.68
Zimbabwe	17.82	Oct / 2023	22.74	57.47

Inflation in the table below is defined as the percent change in the CPI from the same month last year. The first column of numbers shows the latest value available from the national authorities and the next two columns show the levels of annual inflation three months and one year prior to the latest release. The data are updated daily.

Over long stretches of time - typically years - inflation is a byproduct of the expansion of money supply. In the short run the inflation rate fluctuates with economic growth as recessions slow down the increase in prices and rapid output growth accelerates it. Shifts in exchange rates, commodity prices, and natural phenomena like droughts also have an impact. Over time, however, these factors have only a transitory effect and the only variable that matters is money supply growth.