Statistical Terms
Inflation rate (annual %)
- Topic
- Basic economic indicators
- 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.
- Periodicity
- Annual
- Temporal Coverage
- 1999-2020
- Note