Global Inflation Rates by Country
Track global inflation rates by country with the latest CPI data. Compare major economies and access clean inflation data via API or download.
On this page you can track the latest inflation rates by country, compare trends across major economies, and access clean CPI data via API or download.
Current Inflation Rates — Major Economies
Latest CPI (YoY) inflation data
| Country | CPI Index | YoY % | Last Updated |
|---|---|---|---|
| 🇺🇸United States | 332.4 | +3.8% | Apr 1, 2026 |
| 🇨🇳China | 133.8 | +1.0% | Mar 1, 2026 |
| 🇪🇺Eurozone | 132.7 | +3.0% | Apr 1, 2026 |
| 🇯🇵Japan | 113.0 | +1.3% | Apr 1, 2026 |
| 🇬🇧United Kingdom | 142.1 | +2.8% | Apr 1, 2026 |
| 🇨🇦Canada | 168.0 | +2.8% | Apr 1, 2026 |
Updated monthly within 48 hours of official central bank releases.
Inflation Rates by Country
Inflation varies widely across economies, shaped by local monetary policy, energy costs, and demand conditions.
🇺🇸Inflation Rate in United States
US inflation has been influenced by aggressive monetary tightening following post-pandemic demand. The Federal Reserve targets 2% annual inflation.
🇨🇳Inflation Rate in China
China has experienced subdued inflation with periods of disinflation, reflecting weaker domestic demand and structural shifts in its economy.
🇪🇺Inflation Rate in Eurozone
Eurozone inflation reflects energy price volatility and ECB monetary policy, with significant variation across member states.
🇯🇵Inflation Rate in Japan
Japan continues to show relatively low inflation compared to peers, with the Bank of Japan maintaining an ultra-loose monetary policy stance for years.
🇬🇧Inflation Rate in United Kingdom
UK inflation has been driven by energy costs and supply constraints, with the Bank of England raising rates aggressively to bring it back toward target.
🇨🇦Inflation Rate in Canada
Canada's inflation trends closely track housing and commodity markets, with the Bank of Canada among the first major central banks to begin cutting rates.
What is CPI (Consumer Price Index)?
The Consumer Price Index (CPI) measures the average change in prices paid by consumers for a basket of goods and services over time. It is the most widely used measure of inflation globally, published monthly by national statistics agencies.
How to Read Inflation Data
Year-over-Year (YoY)
Measures price changes compared to the same period last year. The most common way to report inflation.
CPI Index Value
Raw index used for custom calculations. Anchored to a base period (typically = 100) and grows as prices rise.
Trend Direction
Indicates whether inflation is rising, falling, or stable — important context for monetary policy expectations.
Why Inflation Matters
Central banks use interest rates to control inflation by influencing borrowing and demand.
- Purchasing power declines as inflation rises
- Central banks adjust interest rates in response to inflation
- Real investment returns are impacted by inflation levels
- Currency strength is often linked to inflation trends
Inflation and Global Liquidity
Inflation is closely linked to money supply expansion, particularly Money Supply M2. Periods of rapid liquidity growth often precede inflationary cycles.
The post-2020 surge in global inflation followed one of the largest expansions in global M2 money supply on record, driven by pandemic stimulus across major economies.
Explore Global Liquidity Data →Historical Inflation Trends
Inflation has moved through distinct cycles over the past decade, influenced by monetary policy, economic shocks, and global events.
The post-2020 period saw one of the sharpest increases in inflation globally, followed by aggressive interest rate hikes aimed at stabilising prices. Since then, inflation has generally moderated — though levels remain above long-term targets in several regions.
Access Inflation Data
MetricsMonster provides multiple ways to access global inflation and CPI data.
API Access
- Retrieve CPI data by country
- Pull historical inflation time series
- Integrate macro data into applications
CSV Downloads
- Clean CSV downloads
- Historical CPI datasets
- Ready for modelling and analysis
Full Macro Platform
- Combine inflation with M2 and rates
- Access 30+ countries
- Interactive charts and dashboards
Who Uses Global Inflation Data?
Macro Investors
Tracking inflation cycles to understand central bank policy and real asset returns.
Quantitative Researchers
Building macro models that incorporate CPI data alongside M2 and interest rates.
Portfolio Managers
Adjusting asset allocation based on real yield and inflation expectations.
Developers
Integrating structured CPI data into financial applications via API.