Inflation Rate 1960-2024
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.
- inflation rate for 2022 was 6.12%, a 3.7% increase from 2021.
- inflation rate for 2021 was 2.41%, a 2.33% increase from 2020.
- inflation rate for 2020 was 0.08%, a 1.14% decline from 2019.
- inflation rate for 2019 was 1.22%, a 0.03% decline from 2018.
| Similar Country Ranking | |
|---|---|
| Country Name | Inflation Rate (%) |
| Inflation Rate - Historical Data | ||
|---|---|---|
| Year | Inflation Rate (%) | Annual Change |
| 2022 | 6.12% | 3.70% |
| 2021 | 2.41% | 2.33% |
| 2020 | 0.08% | -1.14% |
| 2019 | 1.22% | -0.03% |
| 2018 | 1.25% | -0.64% |
| 2017 | 1.88% | 1.22% |
| 2016 | 0.66% | 1.51% |
| 2015 | -0.84% | -2.05% |
| 2014 | 1.20% | 0.09% |
| 2013 | 1.11% | -1.49% |
| 2012 | 2.60% | -0.86% |
| 2011 | 3.46% | 0.09% |
| 2010 | 3.37% | 2.95% |
| 2009 | 0.42% | -7.61% |
| 2008 | 8.03% | 4.00% |
| 2007 | 4.03% | -0.22% |
| 2006 | 4.25% | 0.52% |
| 2005 | 3.73% | 1.34% |
| 2004 | 2.39% | 0.16% |
| 2003 | 2.24% | 0.06% |
| 2002 | 2.17% | -0.45% |
| 2001 | 2.63% | 0.19% |
| 2000 | 2.44% | -0.19% |
| 1999 | 2.62% | -0.08% |
| 1998 | 2.70% | -0.30% |
| 1997 | 3.00% | 0.76% |
| 1996 | 2.24% | -0.69% |
| 1995 | 2.92% | 0.35% |
| 1994 | 2.57% | -0.15% |
| 1993 | 2.72% | -2.75% |
| 1992 | 5.47% | -0.09% |
| 1991 | 5.56% | 1.29% |
| 1990 | 4.27% | -1.12% |
| 1989 | 5.39% | 1.39% |
| 1988 | 4.00% | -0.02% |
| 1987 | 4.02% | 1.83% |
| 1986 | 2.19% | -1.72% |
| 1985 | 3.92% | 0.23% |
| 1984 | 3.69% | -1.31% |
| 1983 | 5.00% | -1.84% |
| 1982 | 6.84% | -5.90% |
| 1981 | 12.74% | -4.73% |
| 1980 | 17.47% | 2.69% |
| 1979 | 14.78% | 5.30% |
| 1978 | 9.48% | -0.25% |
| 1977 | 9.73% | -0.20% |
| 1976 | 9.93% | -7.25% |
| 1975 | 17.18% | -9.98% |
| 1974 | 27.16% | 13.72% |
| 1973 | 13.44% | 6.61% |
| 1972 | 6.83% | 2.22% |
| 1971 | 4.62% | -2.67% |
| 1970 | 7.28% | 1.45% |
| 1969 | 5.84% | 0.47% |
| 1968 | 5.37% | 2.16% |
| 1967 | 3.21% | 3.21% |
| 1966 | 0.00% | 0.00% |
| 1965 | 0.00% | 0.00% |
| 1964 | 0.00% | 0.00% |
| 1963 | 0.00% | 0.00% |
| 1962 | 0.00% | 0.00% |
| 1961 | 0.00% | 0.00% |
| 1960 | 0.00% | 0.00% |