Inflation, annual by country: the latest data
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* indicates monthly or quarterly data series
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.
Definition: Percent change in the CPI from the same month last year.
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.
Definition: Percent change in the CPI from the same month last year.
| Countries | Latest available value | Reference date | Value 3 months ago | Value 12 months ago |
|---|---|---|---|---|
| Afghanistan | 1.56 | Jun / 2021 | 4.42 | 6.36 |
| Albania | 7.50 | Jul / 2022 | 6.19 | 2.24 |
| Algeria | 4.13 | Jun / 2021 | 4.77 | 2.97 |
| Andorra | 6.56 | May / 2022 | 4.06 | 1.23 |
| Angola | 22.95 | Jun / 2022 | 27.00 | 6.99 |
| Antigua and Barbuda | 6.12 | Mar / 2022 | 1.22 | 2.09 |
| Argentina | 71.83 | Jul / 2022 | 59.35 | 52.41 |
| Armenia | 22.72 | Jul / 2022 | 21.87 | 7.69 |
| Aruba | 5.27 | Jun / 2022 | 3.97 | 0.98 |
| Australia | 6.14 | Q2 / 2022 | 5.09 | 3.85 |
| Austria | 9.35 | Jul / 2022 | 7.15 | 2.81 |
| Azerbaijan | 14.12 | Jun / 2022 | 12.16 | 4.74 |
| Bahamas | 3.85 | Jan / 2022 | 3.76 | -0.32 |
| Bahrain | 3.09 | Jun / 2022 | 3.97 | 0.65 |
| Bangladesh | 7.30 | Jun / 2022 | 6.22 | 5.64 |
| Barbados | 5.05 | Dec / 2021 | 5.57 | 1.25 |
| Belarus | 18.07 | Jul / 2022 | 16.81 | 9.77 |
| Belgium | 10.39 | Jul / 2022 | 9.33 | 1.40 |
| Belize | 5.69 | Mar / 2022 | 4.91 | 1.48 |
| Benin | -2.56 | Jun / 2022 | 1.94 | 4.60 |
| Bermuda | 2.54 | Feb / 2022 | 2.84 | 0.19 |
| Bhutan | 5.57 | Mar / 2022 | 6.87 | 9.11 |
| Bolivia | 2.04 | Jul / 2022 | 0.87 | 0.20 |
| Bosnia and Herzegovina | 16.03 | Jun / 2022 | 10.33 | 1.73 |
| Botswana | 12.73 | Jun / 2022 | 9.98 | 8.15 |
| Brazil | 10.07 | Jul / 2022 | 12.13 | 8.99 |
| Brunei | 3.81 | Mar / 2022 | 2.19 | 1.77 |
| Bulgaria | 14.75 | Jun / 2022 | 10.49 | 2.37 |
| Burkina Faso | 13.45 | Mar / 2022 | 7.99 | 2.52 |
| Burma (Myanmar) | 7.28 | Sep / 2021 | 5.68 | 2.03 |
| Burundi | 17.57 | Jun / 2022 | 12.26 | 9.17 |
| Cambodia | 7.20 | Mar / 2022 | 3.70 | 2.08 |
| Cameroon | 4.61 | Mar / 2022 | 3.45 | 1.97 |
| Canada | 8.13 | Jun / 2022 | 6.66 | 3.06 |
| Cape Verde | 8.24 | Jun / 2022 | 7.59 | 1.52 |
| Chad | 4.93 | May / 2022 | 2.24 | -0.45 |
| Chile | 13.12 | Jul / 2022 | 10.52 | 4.54 |
| China | 2.44 | Jun / 2022 | 1.29 | 1.16 |
| Colombia | 10.20 | Jul / 2022 | 9.23 | 3.97 |
| Comoros | -10.89 | May / 2017 | -4.27 | 1.33 |
| Costa Rica | 11.48 | Jul / 2022 | 7.15 | 1.44 |
| Croatia | 12.09 | Jun / 2022 | 7.27 | 2.19 |
| Cyprus | 10.61 | Jul / 2022 | 8.62 | 2.68 |
| Czechia | 16.59 | Jun / 2022 | 11.92 | 2.51 |
| Denmark | 9.09 | Jun / 2022 | 5.98 | 1.85 |
| Djibouti | 0.31 | Dec / 2020 | 0.23 | 3.26 |
| Dominica | 5.25 | Mar / 2022 | 3.82 | 0.53 |
| Dominican Republic | 9.48 | Jun / 2022 | 9.05 | 9.32 |
| Ecuador | 3.85 | Jul / 2022 | 3.15 | 0.46 |
| Egypt | 14.51 | Jul / 2022 | 14.97 | 6.12 |
| El Salvador | 7.76 | Jun / 2022 | 6.69 | 2.59 |
| Estonia | 22.69 | Jul / 2022 | 19.13 | 4.90 |
| Ethiopia | 33.45 | Jul / 2022 | 36.55 | 26.42 |
| Euro area | 8.64 | Jun / 2022 | 7.44 | 1.90 |
| Faroe Islands | 7.22 | Jun / 2022 | 3.05 | 1.77 |
| Fiji | 5.17 | Jul / 2022 | 4.66 | -0.44 |
| Finland | 7.94 | Jul / 2022 | 5.79 | 1.83 |
| France | 6.77 | Jul / 2022 | 5.38 | 1.54 |
| Gambia | 11.58 | May / 2022 | 8.35 | 7.67 |
| Georgia | 11.55 | Jul / 2022 | 12.84 | 11.91 |
| Germany | 8.25 | Jun / 2022 | 7.60 | 2.06 |
| Ghana | 27.59 | May / 2022 | 15.64 | 7.60 |
| Greece | 11.48 | Jul / 2022 | 9.14 | 0.66 |
| Grenada | 2.92 | Mar / 2022 | 1.92 | 0.27 |
| Guatemala | 7.55 | Jun / 2022 | 4.17 | 3.91 |
| Guinea | 12.59 | Jun / 2022 | 12.42 | 12.18 |
| Guinea-Bissau | 6.75 | Mar / 2022 | 5.79 | 0.66 |
| Guyana | 6.63 | May / 2022 | 5.73 | 3.36 |
| Haiti | 25.84 | Mar / 2022 | 24.73 | 17.32 |
| Honduras | 10.86 | Jul / 2022 | 8.35 | 4.26 |
| Hong Kong | 2.08 | Dec / 2021 | 1.48 | -0.63 |
| Hungary | 12.59 | Jun / 2022 | 8.62 | 5.32 |
| Iceland | 5.36 | Jun / 2022 | 5.05 | 4.04 |
| India | 7.01 | Jun / 2022 | 6.95 | 5.98 |
| Indonesia | 4.94 | Jul / 2022 | 3.47 | 1.52 |
| Iran | 59.49 | May / 2022 | 39.22 | 50.57 |
| Iraq | 5.17 | Mar / 2022 | 5.28 | 4.25 |
| Ireland | 9.57 | Jul / 2022 | 7.30 | 2.17 |
| Israel | 4.44 | Jun / 2022 | 3.48 | 1.40 |
| Italy | 8.36 | Jul / 2022 | 6.28 | 0.97 |
| Ivory Coast | 8.50 | Jun / 2022 | 6.63 | 0.56 |
| Jamaica | 10.93 | Jun / 2022 | 11.27 | 4.37 |
| Japan | 1.08 | Jun / 2022 | 1.18 | 0.20 |
| Jordan | 5.17 | Jun / 2022 | 2.47 | 1.77 |
| Kazakhstan | 15.05 | Jul / 2022 | 13.25 | 7.94 |
| Kenya | 8.32 | Jul / 2022 | 6.47 | 6.55 |
| Kuwait | 4.42 | Jun / 2022 | 4.36 | 3.20 |
| Kyrgyzstan | 11.18 | Dec / 2021 | 13.53 | 9.72 |
| Laos | 25.56 | Jul / 2022 | 9.84 | 4.70 |
| Latvia | 21.04 | Jul / 2022 | 13.05 | 2.80 |
| Lebanon | 210.08 | Jun / 2022 | 208.13 | 100.64 |
| Lesotho | 6.17 | Oct / 2021 | 5.45 | 5.58 |
| Liberia | 4.42 | Oct / 2021 | 7.13 | 13.85 |
| Libya | 3.64 | Mar / 2022 | 3.85 | 2.81 |
| Liechtenstein | 3.43 | Jul / 2022 | 2.55 | 0.68 |
| Lithuania | 20.54 | Jun / 2022 | 15.57 | 3.55 |
| Luxembourg | 9.29 | Jul / 2022 | 8.96 | 3.34 |
| Macao | 0.93 | Jun / 2022 | 1.08 | -0.09 |
| North Macedonia | 14.49 | Jun / 2022 | 9.02 | 2.33 |
| Madagascar | 6.40 | May / 2022 | 6.34 | 5.81 |
| Malawi | 23.50 | Jun / 2022 | 14.10 | 9.10 |
| Malaysia | 3.08 | Jun / 2022 | 2.20 | 3.44 |
| Maldives | 5.19 | Jun / 2022 | 1.05 | 2.89 |
| Mali | 8.72 | Jan / 2022 | 3.71 | 0.80 |
| Malta | 6.45 | Jul / 2022 | 5.39 | 0.31 |
| Mauritania | 9.56 | Jun / 2022 | 6.76 | 2.93 |
| Mauritius | 11.01 | Jul / 2022 | 11.01 | 6.48 |
| Mexico | 8.15 | Jul / 2022 | 7.68 | 5.81 |
| Moldova | 33.55 | Jul / 2022 | 27.07 | 3.49 |
| Mongolia | 15.11 | May / 2022 | 14.20 | 6.11 |
| Montenegro | 13.52 | Jun / 2022 | 9.73 | 2.44 |
| Montserrat | 6.26 | Mar / 2022 | 5.17 | -1.88 |
| Morocco | 7.31 | Jun / 2022 | 5.41 | 1.49 |
| Mozambique | 10.81 | Jun / 2022 | 6.67 | 5.52 |
| Namibia | 5.99 | Jun / 2022 | 4.51 | 4.06 |
| Nepal | 8.55 | Jun / 2022 | 7.14 | 4.19 |
| Netherlands | 11.60 | Jul / 2022 | 11.21 | 1.42 |
| New Caledonia | 3.77 | Jun / 2022 | 2.05 | 1.17 |
| New Zealand | 7.30 | Q2 / 2022 | 6.93 | 3.34 |
| Nicaragua | 3.62 | Jun / 2020 | 4.42 | 5.63 |
| Niger | 5.27 | Mar / 2022 | 4.89 | 3.91 |
| Nigeria | 18.60 | Jun / 2022 | 15.92 | 17.75 |
| Norway | 6.97 | Jun / 2022 | 4.68 | 3.01 |
| Oman | 2.63 | Apr / 2022 | 4.41 | 1.62 |
| Pakistan | 24.93 | Jul / 2022 | 13.38 | 8.41 |
| Palestine | 9.11 | Jun / 2022 | 5.67 | 5.64 |
| Panama | 4.22 | May / 2022 | 2.74 | 1.92 |
| Papua New Guinea | 5.70 | Q4 / 2021 | 4.28 | 5.14 |
| Paraguay | 11.05 | Jul / 2022 | 11.83 | 5.20 |
| Peru | 9.28 | Jul / 2022 | 8.62 | 3.95 |
| Philippines | 4.72 | Jul / 2022 | 3.40 | 4.05 |
| Poland | 14.25 | Jun / 2022 | 10.23 | 4.12 |
| Portugal | 9.43 | Jul / 2022 | 7.39 | 1.11 |
| Puerto Rico | 7.24 | Jun / 2022 | 5.08 | 2.67 |
| Qatar | 5.41 | Jun / 2022 | 4.42 | 2.02 |
| Republic of the Congo | 1.12 | Aug / 2018 | 1.12 | 0.67 |
| Romania | 13.03 | Jun / 2022 | 9.56 | 3.47 |
| Russia | 8.64 | Jan / 2022 | 8.12 | 5.18 |
| Rwanda | 16.17 | Jun / 2022 | 5.66 | 0.07 |
| Saint Lucia | 6.22 | Mar / 2022 | 4.15 | 0.00 |
| Saint Vincent and the Grenadines | 3.59 | Mar / 2022 | 3.45 | -0.09 |
| Samoa | 8.93 | May / 2022 | 9.20 | 1.82 |
| Sao Tome and Principe | 14.94 | May / 2022 | 12.10 | 6.84 |
| Saudi Arabia | 2.31 | Jun / 2022 | 2.04 | 6.16 |
| Senegal | 10.90 | Jul / 2022 | 7.00 | 2.99 |
| Serbia | 11.61 | Jun / 2022 | 9.16 | 3.15 |
| Seychelles | 3.53 | Jul / 2022 | 2.20 | 10.63 |
| Sierra Leone | 7.26 | Jun / 2022 | 5.65 | 10.20 |
| Singapore | 5.99 | Jun / 2022 | 5.39 | 2.41 |
| Slovakia | 12.81 | Jul / 2022 | 10.86 | 2.91 |
| Slovenia | 11.70 | Jul / 2022 | 7.35 | 1.95 |
| Solomon Islands | 1.55 | Apr / 2022 | 1.97 | -2.14 |
| Somalia | 6.99 | Jun / 2022 | 6.08 | 3.22 |
| South Africa | 5.80 | Jun / 2022 | 4.65 | 4.87 |
| South Korea | 6.34 | Jul / 2022 | 4.78 | 2.64 |
| Spain | 10.76 | Jul / 2022 | 8.29 | 2.86 |
| Sudan | 263.15 | Mar / 2022 | 318.21 | 341.81 |
| Suriname | 55.10 | Jun / 2022 | 62.18 | 54.03 |
| Swaziland | 3.30 | Mar / 2022 | 3.44 | 2.15 |
| Sweden | 8.87 | Jun / 2022 | 6.32 | 1.80 |
| Switzerland | 3.24 | Jun / 2022 | 2.19 | 0.47 |
| Taiwan | 3.36 | Jul / 2022 | 3.38 | 1.91 |
| Tajikistan | 8.30 | Jun / 2022 | 7.28 | 8.92 |
| Tanzania | 4.53 | Jul / 2022 | 3.78 | 2.52 |
| Thailand | 7.61 | Jul / 2022 | 4.65 | -2.14 |
| Togo | 6.76 | Jun / 2022 | 8.71 | 6.23 |
| Tonga | 9.22 | Q4 / 2021 | 6.54 | 25.03 |
| Trinidad and Tobago | 4.09 | Mar / 2022 | 3.47 | 0.83 |
| Tunisia | 8.16 | Jul / 2022 | 7.51 | 6.44 |
| Turkey | 78.57 | Jun / 2022 | 61.14 | 17.52 |
| USA | 8.52 | Jul / 2022 | 8.26 | 5.37 |
| Uganda | 7.90 | Jul / 2022 | 4.87 | 1.50 |
| Ukraine | 22.18 | Jul / 2022 | 16.40 | 10.23 |
| United Arab Emirates | 2.50 | Dec / 2021 | 1.19 | -2.32 |
| United Kingdom | 0.37 | Nov / 2020 | 0.18 | 1.40 |
| Uruguay | 9.56 | Jul / 2022 | 9.37 | 7.30 |
| Vanuatu | 2.81 | Q1 / 2022 | 0.70 | 5.50 |
| Venezuela | 167.15 | May / 2022 | 340.45 | 2719.47 |
| Vietnam | 3.14 | Jul / 2022 | 2.64 | 2.27 |
| Zambia | 9.89 | Jul / 2022 | 11.46 | 24.57 |
| Zimbabwe | 256.94 | Jul / 2022 | 60.74 | 240.55 |