Inflation rates Current international inflation figures

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.

Current Inflation rates
Country/Region
Type
Period
Monthly basis
Yearly basis
CPI Austria
Austria
CPI
Apr 2024
0.08 %
3.51 %
HICP Austria
Austria
HICP
May 2024
0.01 %
3.31 %
CPI Belgium
Belgium
CPI
May 2024
0.37 %
3.36 %
HICP Belgium
Belgium
HICP
May 2024
0.23 %
4.89 %
CPI Brazil
Brazil
CPI
Apr 2024
0.38 %
3.69 %
CPI Canada
Canada
CPI
Apr 2024
0.50 %
2.69 %
CPI Chile
Chile
CPI
May 2024
0.27 %
4.16 %
CPI China
China
CPI
May 2024
0.00 %
0.29 %
CPI Czech Republic
Czech Republic
CPI
May 2024
0.00 %
2.57 %
HICP Czech Republic
Czech Republic
HICP
Apr 2024
0.80 %
3.12 %
CPI Denmark
Denmark
CPI
May 2024
0.00 %
2.16 %
HICP Denmark
Denmark
HICP
Apr 2024
0.00 %
0.51 %
CPI Estonia
Estonia
CPI
May 2024
0.10 %
2.92 %
HICP Estonia
Estonia
HICP
May 2024
-0.03 %
3.09 %
HICP Europe
Europe
HICP
May 2024
0.25 %
2.60 %
CPI Finland
Finland
CPI
Apr 2024
0.02 %
1.89 %
HICP Finland
Finland
HICP
May 2024
-0.01 %
0.50 %
CPI France
France
CPI
Apr 2024
0.50 %
2.19 %
HICP France
France
HICP
May 2024
0.21 %
2.66 %
CPI Germany
Germany
CPI
Apr 2024
0.51 %
2.23 %
HICP Germany
Germany
HICP
Apr 2024
0.63 %
2.38 %
CPI Greece
Greece
CPI
May 2024
-0.26 %
2.39 %
HICP Greece
Greece
HICP
May 2024
-0.32 %
2.32 %
CPI Hungary
Hungary
CPI
May 2024
-0.04 %
4.01 %
HICP Hungary
Hungary
HICP
Apr 2024
0.74 %
3.59 %
CPI Iceland
Iceland
CPI
May 2024
0.56 %
6.21 %
HICP Iceland
Iceland
HICP
Apr 2024
0.26 %
4.62 %
CPI India
India
CPI
Apr 2024
0.36 %
3.87 %
CPI Indonesia
Indonesia
CPI
Apr 2024
0.25 %
2.80 %
CPI Ireland
Ireland
CPI
Apr 2024
0.20 %
2.55 %
HICP Ireland
Ireland
HICP
May 2024
0.50 %
1.87 %
CPI Israel
Israel
CPI
Apr 2024
0.85 %
2.79 %
CPI Italy
Italy
CPI
Apr 2024
0.08 %
0.84 %
HICP Italy
Italy
HICP
May 2024
0.25 %
0.82 %
CPI Japan
Japan
CPI
Apr 2024
0.47 %
2.47 %
HICP Lithuania
Lithuania
HICP
Apr 2024
0.26 %
0.44 %
CPI Luxembourg
Luxembourg
CPI
May 2024
0.25 %
2.59 %
HICP Luxembourg
Luxembourg
HICP
May 2024
0.06 %
3.24 %
CPI Mexico
Mexico
CPI
May 2024
-0.19 %
4.69 %
CPI Norway
Norway
CPI
May 2024
-0.15 %
3.01 %
Not found
Not found
HICP
Apr 2024
-0.09 %
-
CPI Poland
Poland
CPI
Apr 2024
1.09 %
2.49 %
HICP Poland
Poland
HICP
Apr 2024
1.02 %
2.99 %
CPI Portugal
Portugal
CPI
Apr 2024
0.48 %
2.21 %
HICP Portugal
Portugal
HICP
May 2024
1.08 %
3.86 %
CPI Russia
Russia
CPI
Mar 2022
7.61 %
16.70 %
CPI Slovakia
Slovakia
CPI
Apr 2024
0.30 %
2.06 %
HICP Slovakia
Slovakia
HICP
May 2024
0.16 %
2.65 %
CPI Slovenia
Slovenia
CPI
May 2024
0.53 %
2.52 %
HICP Slovenia
Slovenia
HICP
May 2024
0.40 %
2.51 %
CPI South-Africa
South Africa
CPI
Apr 2024
0.26 %
5.10 %
CPI South Korea
South Korea
CPI
May 2024
0.09 %
2.66 %
CPI Spain
Spain
CPI
Apr 2024
0.70 %
3.31 %
HICP Spain
Spain
HICP
May 2024
0.22 %
3.77 %
CPI Sweden
Sweden
CPI
Apr 2024
0.30 %
3.89 %
HICP Sweden
Sweden
HICP
Apr 2024
0.26 %
2.38 %
CPI Switzerland
Switzerland
CPI
May 2024
0.27 %
1.39 %
CPI The Netherlands
The Netherlands
CPI
May 2024
0.21 %
2.72 %
HICP The Netherlands
The Netherlands
HICP
May 2024
0.30 %
2.69 %
CPI Türkiye
Türkiye
CPI
May 2024
3.37 %
75.45 %
HICP Türkiye
Türkiye
HICP
Apr 2024
3.18 %
69.83 %
CPI United Kingdom
United Kingdom
CPI
Apr 2024
0.46 %
3.04 %
HICP United Kingdom
United Kingdom
HICP
Apr 2024
0.38 %
2.38 %
CPI United States
United States
CPI
Apr 2024
0.39 %
3.36 %

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.

What is inflation?

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.

Consequences of limited inflation

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.

Consequences of high inflation

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

Consequences of deflation

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.

The most important inflation figures

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:

1. CPI - Consumer Price Index

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

2. HICP - Harmonised Index of Consumer Prices

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.

Current and historical HICP inflation rates by country

Calculating and comparing inflation

Current and historical inflation figures are often used for various analyses. Therefore, it can be very useful to calculate the inflation over a specific period or to compare the inflation of different countries side by side. To make this easy, we offer an inflation calculator on global-rates.com.

Inflation Calculator: Calculate and Compare Inflation