European Union - Inflation
Inflation, consumer prices (annual %)
The value for Inflation, consumer prices (annual %) in European Union was 2.62 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 13.16 in 1974 and a minimum value of -0.06 in 2015.
Definition: 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.
Source: International Monetary Fund, International Financial Statistics and data files.
See also:
| Year | Value |
|---|---|
| 1960 | 1.74 |
| 1961 | 2.08 |
| 1962 | 3.55 |
| 1963 | 2.92 |
| 1964 | 3.42 |
| 1965 | 3.99 |
| 1966 | 3.70 |
| 1967 | 3.32 |
| 1968 | 3.24 |
| 1969 | 2.67 |
| 1970 | 4.51 |
| 1971 | 5.24 |
| 1972 | 6.01 |
| 1973 | 7.75 |
| 1974 | 13.16 |
| 1975 | 10.47 |
| 1976 | 9.35 |
| 1977 | 9.77 |
| 1978 | 7.76 |
| 1979 | 8.22 |
| 1980 | 12.91 |
| 1981 | 11.77 |
| 1982 | 9.58 |
| 1983 | 8.67 |
| 1984 | 7.67 |
| 1985 | 5.40 |
| 1986 | 3.68 |
| 1987 | 4.02 |
| 1988 | 4.54 |
| 1989 | 6.26 |
| 1990 | 6.15 |
| 1991 | 5.48 |
| 1992 | 6.22 |
| 1993 | 4.85 |
| 1994 | 4.72 |
| 1995 | 4.43 |
| 1996 | 3.56 |
| 1997 | 3.11 |
| 1998 | 2.42 |
| 1999 | 2.16 |
| 2000 | 3.15 |
| 2001 | 3.37 |
| 2002 | 2.42 |
| 2003 | 2.09 |
| 2004 | 2.29 |
| 2005 | 2.49 |
| 2006 | 2.67 |
| 2007 | 2.51 |
| 2008 | 4.16 |
| 2009 | 0.84 |
| 2010 | 1.53 |
| 2011 | 3.29 |
| 2012 | 2.66 |
| 2013 | 1.22 |
| 2014 | 0.20 |
| 2015 | -0.06 |
| 2016 | 0.18 |
| 2017 | 1.43 |
| 2018 | 1.74 |
| 2019 | 1.63 |
| 2020 | 0.50 |
| 2021 | 2.62 |
Inflation, GDP deflator (annual %)
The value for Inflation, GDP deflator (annual %) in European Union was 1.60 as of 2020. As the graph below shows, over the past 49 years this indicator reached a maximum value of 13.36 in 1975 and a minimum value of 0.87 in 2016.
Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1971 | 7.11 |
| 1972 | 6.97 |
| 1973 | 9.47 |
| 1974 | 12.90 |
| 1975 | 13.36 |
| 1976 | 11.33 |
| 1977 | 8.89 |
| 1978 | 9.12 |
| 1979 | 8.12 |
| 1980 | 11.70 |
| 1981 | 10.69 |
| 1982 | 10.14 |
| 1983 | 7.39 |
| 1984 | 6.38 |
| 1985 | 5.19 |
| 1986 | 4.15 |
| 1987 | 3.05 |
| 1988 | 3.19 |
| 1989 | 4.97 |
| 1990 | 3.40 |
| 1991 | 3.76 |
| 1992 | 4.37 |
| 1993 | 4.67 |
| 1994 | 3.55 |
| 1995 | 4.56 |
| 1996 | 3.78 |
| 1997 | 3.89 |
| 1998 | 3.35 |
| 1999 | 2.54 |
| 2000 | 3.33 |
| 2001 | 3.66 |
| 2002 | 3.27 |
| 2003 | 2.19 |
| 2004 | 2.71 |
| 2005 | 2.54 |
| 2006 | 2.90 |
| 2007 | 2.97 |
| 2008 | 3.24 |
| 2009 | 1.68 |
| 2010 | 0.93 |
| 2011 | 1.62 |
| 2012 | 1.68 |
| 2013 | 1.28 |
| 2014 | 0.98 |
| 2015 | 1.04 |
| 2016 | 0.87 |
| 2017 | 1.46 |
| 2018 | 2.00 |
| 2019 | 2.20 |
| 2020 | 1.60 |
Classification
Topic: Financial Sector Indicators
Sub-Topic: Exchange rates & prices
