This page allows you to compare the current inflation rates for a large number of countries and regions. You can find inflation figures based on CPI (consumer price index) as well as HICP (harmonised consumer price index).
If you click on the name of the country or region you will come to a page with extensive supplementary information.
Country/Region
|
Type
|
Period
|
Monthly basis
|
Yearly basis
|
|
---|---|---|---|---|---|
CPI Austria |
Austria
|
CPI
|
Aug 2023
|
0.33 %
|
7.37 %
|
CPI Belgium |
Belgium
|
CPI
|
Sep 2023
|
-0.69 %
|
2.39 %
|
CPI Brazil |
Brazil
|
CPI
|
Aug 2023
|
0.23 %
|
4.61 %
|
CPI Canada |
Canada
|
CPI
|
Aug 2023
|
0.38 %
|
4.00 %
|
CPI Chile |
Chile
|
CPI
|
Aug 2023
|
0.11 %
|
5.32 %
|
CPI China |
China
|
CPI
|
Aug 2023
|
0.29 %
|
0.10 %
|
CPI Czech Republic |
Czech Republic
|
CPI
|
Aug 2023
|
0.20 %
|
8.52 %
|
CPI Denmark |
Denmark
|
CPI
|
Aug 2023
|
-0.68 %
|
2.44 %
|
CPI Estonia |
Estonia
|
CPI
|
Aug 2023
|
0.55 %
|
4.60 %
|
CPI Finland |
Finland
|
CPI
|
Aug 2023
|
-0.72 %
|
5.61 %
|
CPI France |
France
|
CPI
|
Aug 2023
|
1.00 %
|
4.86 %
|
CPI Germany |
Germany
|
CPI
|
Aug 2023
|
0.34 %
|
6.14 %
|
CPI Greece |
Greece
|
CPI
|
Aug 2023
|
-0.03 %
|
2.74 %
|
CPI Hungary |
Hungary
|
CPI
|
Aug 2023
|
0.70 %
|
16.36 %
|
CPI Iceland |
Iceland
|
CPI
|
Sep 2023
|
0.35 %
|
7.96 %
|
CPI India |
India
|
CPI
|
Aug 2023
|
-0.36 %
|
6.91 %
|
CPI Indonesia |
Indonesia
|
CPI
|
Sep 2023
|
0.19 %
|
2.28 %
|
CPI Ireland |
Ireland
|
CPI
|
Aug 2023
|
0.67 %
|
6.33 %
|
CPI Israel |
Israel
|
CPI
|
Aug 2023
|
0.48 %
|
4.17 %
|
CPI Italy |
Italy
|
CPI
|
Aug 2023
|
0.33 %
|
5.44 %
|
CPI Japan |
Japan
|
CPI
|
Aug 2023
|
0.19 %
|
3.12 %
|
CPI Luxembourg |
Luxembourg
|
CPI
|
Aug 2023
|
1.45 %
|
4.24 %
|
CPI Mexico |
Mexico
|
CPI
|
Aug 2023
|
0.55 %
|
4.64 %
|
CPI Norway |
Norway
|
CPI
|
Aug 2023
|
-0.76 %
|
4.84 %
|
CPI Poland |
Poland
|
CPI
|
Aug 2023
|
0.00 %
|
9.95 %
|
CPI Portugal |
Portugal
|
CPI
|
Aug 2023
|
0.32 %
|
3.72 %
|
CPI Russia |
Russia
|
CPI
|
Mar 2022
|
7.61 %
|
16.70 %
|
CPI Slovakia |
Slovakia
|
CPI
|
Aug 2023
|
0.00 %
|
8.84 %
|
CPI Slovenia |
Slovenia
|
CPI
|
Aug 2023
|
0.10 %
|
6.16 %
|
CPI South Korea |
South Korea
|
CPI
|
Aug 2023
|
1.02 %
|
3.42 %
|
CPI South-Africa |
South Africa
|
CPI
|
Aug 2023
|
0.27 %
|
4.80 %
|
CPI Spain |
Spain
|
CPI
|
Aug 2023
|
0.54 %
|
2.62 %
|
CPI Sweden |
Sweden
|
CPI
|
Aug 2023
|
0.07 %
|
7.45 %
|
CPI Switzerland |
Switzerland
|
CPI
|
Sep 2023
|
-0.08 %
|
1.65 %
|
CPI The Netherlands |
The Netherlands
|
CPI
|
Aug 2023
|
0.45 %
|
3.03 %
|
CPI Türkiye |
Türkiye
|
CPI
|
Aug 2023
|
9.09 %
|
58.94 %
|
CPI United Kingdom |
United Kingdom
|
CPI
|
Aug 2023
|
0.31 %
|
6.24 %
|
CPI United States |
United States
|
CPI
|
Aug 2023
|
0.44 %
|
3.67 %
|
HICP Austria |
Austria
|
HICP
|
Sep 2023
|
0.96 %
|
5.83 %
|
HICP Belgium |
Belgium
|
HICP
|
Sep 2023
|
-0.37 %
|
0.66 %
|
HICP Czech Republic |
Czech Republic
|
HICP
|
Aug 2023
|
0.20 %
|
10.10 %
|
HICP Denmark |
Denmark
|
HICP
|
Aug 2023
|
-0.84 %
|
2.34 %
|
HICP Estonia |
Estonia
|
HICP
|
Sep 2023
|
0.01 %
|
3.96 %
|
HICP Europe |
Europe
|
HICP
|
Aug 2023
|
0.54 %
|
5.23 %
|
HICP Finland |
Finland
|
HICP
|
Sep 2023
|
0.62 %
|
3.03 %
|
HICP France |
France
|
HICP
|
Sep 2023
|
-0.58 %
|
5.65 %
|
HICP Germany |
Germany
|
HICP
|
Aug 2023
|
0.39 %
|
6.44 %
|
HICP Greece |
Greece
|
HICP
|
Sep 2023
|
1.90 %
|
2.41 %
|
HICP Hungary |
Hungary
|
HICP
|
Aug 2023
|
0.78 %
|
14.19 %
|
HICP Iceland |
Iceland
|
HICP
|
Aug 2023
|
0.51 %
|
8.26 %
|
HICP Ireland |
Ireland
|
HICP
|
Sep 2023
|
0.08 %
|
5.02 %
|
HICP Italy |
Italy
|
HICP
|
Sep 2023
|
1.75 %
|
5.71 %
|
HICP Lithuania |
Lithuania
|
HICP
|
Aug 2023
|
-0.15 %
|
6.38 %
|
HICP Luxembourg |
Luxembourg
|
HICP
|
Sep 2023
|
0.37 %
|
3.38 %
|
HICP Poland |
Poland
|
HICP
|
Aug 2023
|
0.07 %
|
9.51 %
|
HICP Portugal |
Portugal
|
HICP
|
Sep 2023
|
0.78 %
|
4.81 %
|
HICP Slovakia |
Slovakia
|
HICP
|
Sep 2023
|
0.26 %
|
8.90 %
|
HICP Slovenia |
Slovenia
|
HICP
|
Sep 2023
|
0.67 %
|
7.07 %
|
HICP Spain |
Spain
|
HICP
|
Sep 2023
|
0.56 %
|
3.24 %
|
HICP Sweden |
Sweden
|
HICP
|
Aug 2023
|
-0.17 %
|
4.54 %
|
HICP The Netherlands |
The Netherlands
|
HICP
|
Sep 2023
|
-0.82 %
|
-0.29 %
|
HICP Türkiye |
Türkiye
|
HICP
|
Aug 2023
|
9.07 %
|
59.13 %
|
HICP United Kingdom |
United Kingdom
|
HICP
|
Aug 2023
|
0.31 %
|
6.66 %
|
Our content is based on reliable sources. However, we do not accept liability for any errors. The content of this website is for informational purposes only and is not intended as financial advice. Decisions you make based on the information we display are always at your own expense and risk.
Inflation means a reduction in the value of money; in other words, a rise in general price levels. The literal meaning of the word inflation is to blow up or get bigger. If the amount of money in a country - the money supply - grows faster than production in that country, the average price will rise as a result of the increased demand for goods and services.
Inflation can also be caused by higher costs being charged on to the end-user. These might be raw material costs or production costs which have risen, but could also be higher tax rates. These price rises cause the value of money to fall. You can therefore buy less with the same amount of money. But this does not need to have an immediate effect on purchasing power. Purchasing power only declines if wages rises less rapidly than prices.
Governments often strive for an inflation rate of around 2 to 3 percent per year. Such low inflation is beneficial for the economy. Low inflation encourages consumers to buy goods and services. Delaying will mean that they would have to pay more for the same product. Low inflation also makes it more appealing to borrow money, since interest rates are usually also low during periods of low inflation. Maintaining low inflation is therefore an important goal for governments and central banks because of the economic benefits.
As indicated above, limited inflation is good for the economy. But high inflation is less beneficial. High inflation can cause the population's confidence in their own currency and economy to decline, and it can be less appealing for foreign investors to invest in the country concerned. High inflation therefore often has a harmful effect on economic growth. If inflation gets too high, a country's central bank will often intervene by raising its interest rates and thus discourage the creation of money.
Current interest rates of a large number of central banks
The opposite of inflation is deflation. With deflation the real price level falls. You can therefore buy more and more with the same amount of money as time passes. Deflation is very bad for economic growth because it is very likely that consumers will postpone their purchases because they expect to have to pay less for them in the near future. In periods of deflation governments and central banks often seek to stimulate the economy, for example by lowering interest rates.
A wide range of inflation figures are recorded and published in most countries and regions. These include consumer prices and producer prices. These figures make it possible to monitor price developments closely. This website features the following inflation figures for a large number of countries:
CPI stands for 'consumer price index'. It is a measure of the average price that consumers spend on goods and services in a market-based 'basket' of goods and services. In order to calculate the CPI, the prices of a collection of goods and services need to be collected. These prices are then weighted on the basis of the share that they have of average consumer spending. For most countries the inflation based on the CPI is viewed as the most important inflation figure for the country. The CPI can be used to adjust things like wages/salaries and pensions.
There is no international standard for the CPI. Each country defines its own basket of goods and services and their weighting.
Current and historical CPI inflation rates by country
The European Central Bank (ECB) created the HICP, the Harmonised Index of Consumer Prices, in order to be able to compare consumer prices between the various EU countries. This is a consumer price index which is comparable to the CPI and which has been harmonised for the EU. The HICP is a weighted average of the price indices of the member states and is calculated for each country. The EU sets itself the goal of safeguarding price stability, which means an HICP of around 2% a year in the medium term.