Inflation - Types, Definition, Tables

 


Average year-on-year

inflation rate in 2023:

10.7%

 

1) Inflation rate as an increase in average annual CPI indicates percentage change in last 12-month average over preceding 12-month average.

This inflation rate is appropriate for making adjustments or considerations of average quantities. It is taken into account particularly when real wages, pensions, etc., are calculated.


Year
08
09
10
11
12
 13
14
15
16
17
18
19
20
21
22
23
6.3
1.0
1.5
1.9
3.3
 1.4
0.4
0.3
0.7
2.5
2.1
2.8
3.2
3.8
15.1
10.7


Year
Month
 
1
2
3
4
5
6
7
8
9
10
11
12
2000
2.1
2.2
2.3
2.4
2.5
2.6
2.9
3.1
3.3
3.6
3.8
3.9
2001
4.0
4.0
4.0
4.1
4.2
4.3
4.5
4.6
4.7
4.7
4.7
4.7
2002
4.6
4.6
4.6
4.5
4.3
3.9
3.5
3.1
2.7
2.4
2.1
1.8
2003
1.5
1.1
0.8
0.5
0.3
0.2
0.2
0.1
0.0
0.0
0.1
0.1
2004
0.3
0.5
0.8
1.0
1.2
1.4
1.7
2.0
2.2
2.5
2.7
2.8
2005
2.8
2.7
2.6
2.6
2.5
2.4
2.2
2.1
2.0
2.0
1.9
1.9
2006
2.0
2.1
2.2
2.3
2.4
2.5
2.6
2.7
2.8
2.7
2.6
2.5
2007
2.4
2.3
2.2
2.2
2.1
2.1
2.1
2.0
2.0
2.2
2.5
2.8
2008
3.4
3.9
4.3
4.7
5.0
5.4
5.8
6.1
6.4
6.6
6.5
6.3
2009
5.9
5.4
5.0
4.6
4.1
3.7
3.1
2.6
2.1
1.6
1.3
1.0
2010
0.9
0.8
0.7
0.6
0.6
0.6
0.8
0.9
1.1
1.2
1.4
1.5
2011
1.6
1.7
1.7
1.8
1.8
1.9
1.9
1.9
1.8
1.9
1.9
1.9
2012
2.1
2.2
2.4
2.6
2.7
2.8
2.9
3.1
3.2
3.3
3.3
3.3
2013
3.2
3.0
2.8
2.7
2.5
2.3
2.2
2.0
1.8
1.6
1.5
1.4
2014
1.3
1.1
1.0
0.9
0.8
0.7
0.6
0.5
0.5
0.5
 0.5 0.4
2015
 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.4 0.4 0.4 0.3 0.3
2016 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.4 0.5 0.7
2017 0.8 1.0 1.2 1.3 1.5 1.7 1.8 2.0 2.2 2.3 2.4 2.5
2018 2.4 2.4 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.2 2.2 2.1
2019 2.2 2.3 2.4 2.4 2.5 2.5 2.6 2.6 2.6 2.7 2.7 2.8
2020 2.9 3.0 3.1 3.1 3.1 3.1 3.2 3.2 3.3 3.3 3.2 3.2
2021 3.0 2.9 2.8 2.8 2.8 2.8 2.8 2.8 3.0 3.2 3.5 3.8
2022 4.5 5.2 6.1 7.0 8.1 9.4 10.6 11.7 12.7 13.5 14.4 15.1
2023 15.7 16.2 16.4 16.2 15.8 15.1 14.3 13.6 12.7 12.1 11.4 10.7
2024 9.4 8.2 7.1                  

 

2) Inflation rate as an increase in CPI compared with the corresponding month of preceding year indicates percentage change in price level between the reference month of a given year and the corresponding month of preceding year. This figure excludes seasonal variations, as always corresponding months are compared.

This inflation rate is appropriate in relation to state quantities which measure the change between the beginning and end of a period without any reference to the trend or state in the meantime. Taken into account when real interest rates, real increase in property value, valorisation, etc., are calculated.

Year
Month
 
1
2
3
4
5
6
7
8
9
10
11
12
1997
7.4
7.3
6.8
6.7
6.3
6.8
9.4
9.9
10.3
10.2
10.1
10.0
1998
13.1
13.4
13.4
13.1
13.0
12.0
10.4
9.4
8.8
8.2
7.5
6.8
1999
3.5
2.8
2.5
2.5
2.4
2.2
1.1
1.4
1.2
1.4
1.9
2.5
2000
3.4
3.7
3.8
3.4
3.7
4.1
3.9
4.1
4.1
4.4
4.3
4.0
2001
4.2
4.0
4.1
4.6
5.0
5.5
5.9
5.5
4.7
4.4
4.2
4.1
2002
3.7
3.9
3.7
3.2
2.5
1.2
0.6
0.6
0.8
0.6
0.5
0.6
2003
-0.4
-0.4
-0.4
-0.1
0.0
0.3
-0.1
-0.1
0.0
0.4
1.0
1.0
2004
2.3
2.3
2.5
2.3
2.7
2.9
3.2
3.4
3.0
3.5
2.9
2.8
2005
1.7
1.7
1.5
1.6
1.3
1.8
1.7
1.7
2.2
2.6
2.4
2.2
2006
2.9
2.8
2.8
2.8
3.1
2.8
2.9
3.1
2.7
1.3
1.5
1.7
2007
1.3
1.5
1.9
2.5
2.4
2.5
2.3
2.4
2.8
4.0
5.0
5.4
2008
7.5
7.5
7.1
6.8
6.8
6.7
6.9
6.5
6.6
6.0
4.4
3.6
2009
2.2
2.0
2.3
1.8
1.3
1.2
0.3
0.2
0.0
-0.2
0.5
1.0
2010
0.7
0.6
0.7
1.1
1.2
1.2
1.9
1.9
2.0
2.0
2.0
2.3
2011
1.7
1.8
1.7
1.6
2.0
1.8
1.7
1.7
1.8
2.3
2.5
2.4
2012
3.5
3.7
3.8
3.5
3.2
3.5
3.1
3.3
3.4
3.4
2.7
2.4
2013
1.9
1.7
1.7
1.7
1.3
1.6
1.4
1.3
1.0
0.9
1.1
1.4
2014
0.2
0.2
0.2
0.1
0.4
0.0
0.5
0.6
0.7
0.7
 0.6 0.1
2015
 0.1 0.1 0.2 0.5 0.7 0.8 0.5 0.3 0.4 0.2 0.1 0.1
2016 0.6 0.5 0.3 0.6 0.1 0.1 0.5 0.6 0.5 0.8 1.5 2.0
2017 2.2 2.5 2.6 2.0 2.4 2.3 2.5 2.5 2.7 2.9 2.6 2.4
2018 2.2 1.8 1.7 1.9 2.2 2.6 2.3 2.5 2.3 2.2 2.0 2.0
2019 2.5 2.7 3.0 2.8 2.9 2.7 2.9 2.9 2.7 2.7 3.1 3.2
2020 3.6 3.7 3.4 3.2 2.9 3.3 3.4 3.3 3.2 2.9 2.7 2.3
2021 2.2 2.1 2.3 3.1 2.9 2.8 3.4 4.1 4.9 5.8 6.0 6.6
2022 9.9 11.1 12.7 14.2 16.0 17.2 17.5 17.2 18.0 15.1 16.2 15.8
2023 17.5 16.7 15.0 12.7 11.1 9.7 8.8 8.5 6.9 8.5 7.3 6.9
2024 2.3 2.0 2.0                  

 

3) Inflation rate as an increase in CPI compared with preceding month indicates percentage change in price level between the reference month and preceding month.


Year
Month
 
1
2
3
4
5
6
7
8
9
10
11
12
1997
1.2
0.3
0.1
0.6
0.1
1.2
3.5
0.7
0.6
0.4
0.4
0.5
1998
4.0
0.6
0.1
0.3
0.1
0.3
1.9
-0.2
0.1
-0.2
-0.2
-0.2
1999
0.8
0.0
-0.2
0.3
-0.1
0.2
0.8
0.1
-0.1
0.0
0.2
0.5
2000
1.7
0.2
0.0
-0.1
0.2
0.6
0.6
0.2
0.0
0.3
0.1
0.2
2001
1.9
0.0
0.1
0.4
0.6
1.0
1.0
-0.2
-0.7
0.0
-0.1
0.1
2002
1.5
0.2
-0.1
-0.1
-0.1
-0.3
0.5
-0.2
-0.5
-0.3
-0.2
0.2
2003
0.6
0.2
-0.1
0.2
0.0
0.0
0.1
-0.2
-0.5
0.1
0.5
0.2
2004
1.8
0.2
0.1
0.0
0.4
0.2
0.4
0.0
-0.8
0.5
-0.1
0.1
2005
0.7
0.2
-0.1
0.1
0.2
0.6
0.3
0.0
-0.3
0.9
-0.3
-0.1
2006
1.4
0.1
-0.1
0.1
0.5
0.3
0.4
0.2
-0.7
-0.5
-0.1
0.2
2007
1.0
0.3
0.3
0.7
0.4
0.3
0.4
0.3
-0.3
0.6
0.9
0.5
2008
3.0
0.3
-0.1
0.4
0.5
0.2
0.5
-0.1
-0.2
0.0
-0.5
-0.3
2009
1.5
0.1
0.2
-0.1
0.0
0.0
-0.4
-0.2
-0.4
-0.2
0.2
0.2
2010
1.2
0.0
0.3
0.3
0.1
0.0
0.3
-0.3
-0.3
-0.2
0.2
0.5
2011
0,7
0.1
0.1
0.3
0.5
-0.2
0.3
-0.3
-0.2
0.3
0.4
0.4
2012
1.8
0.2
0.2
0.0
0.2
0.2
-0.1
-0.1
-0.1
0.2
-0.2
0.1
2013
1.3
0.1
0.1
0.1
-0.2
0.4
-0.2
-0.2
-0.4
0.2
-0.1
0.4
2014
0.1
0.2
0.0
0.0
0.1
0.0
0.2
-0.1
-0.2
0.2
 -0.2 -0.1
2015
 0.1 0.2 0.1 0.3 0.3 0.1 -0.1 -0.2 -0.2 0.0 -0.4 -0.1
2016 0.6 0.1 -0.1 0.6 -0.2 0.1 0.3 -0.2 -0.2 0.3 0.3 0.3
2017 0.8 0.4 0.0 0.0 0.2 0.0 0.5 -0.1 -0.1 0.5 0.1 0.1
2018 0.6 0.0 -0.1 0.3 0.5 0.4 0.2 0.1 -0.3 0.4 -0.1 0.1
2019 1.0 0.2 0.2 0.1 0.7 0.2 0.4 0.1 -0.6 0.5 0.3 0.2
2020 1.5 0.3 -0.1 -0.2 0.4 0.6 0.4 0.0 -0.6 0.2 0.0 -0.2
2021 1.3 0.2 0.2 0.5 0.2 0.5 1.0 0.7 0.2 1.0 0.2 0.4
2022 4.4 1.3 1.7 1.8 1.8 1.6 1.3 0.4 0.8 -1.4 1.2 0.0
2023 6.0 0.6 0.1 -0.2 0.3 0.3 0.5 0.2 -0.7 0.1 0.1 -0.4
2024 1.5 0.3 0.1                  

 

4 ) Base indices - Inflation rate as an increase in the CPI compared with the base period (the average of 2015 = 100) indicates a change in the price level between the reference month of a relevant year against the average of 2015 – see the following table.

Starting from January 2017, all consumer price indices serving to measure the inflation rate for different time periods are calculated using base indices of consumer prices to a base period (with the average of 2015 = 100 as the base). In these calculations the following rule is applied: inflation rates are expressed as the overall consumer price index for households in total.

The inflation rate is used for an analysis of detailed long-term trends (time series) in price levels and cost of living.

In January 2017, a new time series of base indices (with the average of 2015 = 100 as the base) was introduced, from which indices to other bases are calculated (previous month = 100, corresponding period of the previous year = 100, and annual rolling average, i.e. the average of index numbers over the last 12 months to the average for the previous 12 months). Indices, calculated from the existing index time series with the average of 2005 = 100 as the base remain valid; published data are not revised.

Year
Month
Annual
average
 
1
2
3
4
5
6
7
8
9
10
11
12
 
1998
66.9
67.3
67.5
67.7
67.7
68.0
69.3
69.1
69.2
69.1
68.9
68.8
68.3
1999
69.3
69.3
69.3
69.4
69.4
69.4
70.0
70.1
70.0
70.1
70.3
70.4
69.8
2000
71.6
71.8
71.8
71.7
71.8
72.3
72.7
72.8
72.8
73.0
73.1
73.2
72.4
2001
74.6
74.6
74.7
74.9
75.4
76.2
77.0
76.9
76.2
76.2
76.2
76.2
75.8
2002
77.5
77.5
77.5
77.5
77.4
77.1
77.5
77.4
77.0
76.7
76.6
76.7
77.2
2003
77.1
77.3
77.2
77.4
77.4
77.4
77.5
77.3
77.0
77.0
77.4
77.5
77.3
2004
78.9
79.1
79.1
79.1
79.5
79.6
79.9
79.9
79.2
79.6
79.6
79.6
79.4
2005
80.2
80.4
80.3
80.4
80.5
81.0
81.2
81.2
 81.0
81.7
81.5
81.4
80.9
2006
82.6
82.6
82.6
82.6
83.0
83.2
83.6
83.8
83.2
82.7
82.7
 82.8
83.0
2007
83.6
83.8
84.1
84.7
85.0
85.2
85.6
85.9
85.6
86.1
86.9
87.3
85.3
2008
89.9
90.2
90.1
90.4
90.8
91.0
91.5
91.4
91.2
91.2
90.7
90.5
90.7
2009
91.9
91.9
92.1
92.0
92.0
92.0
91.7
91.5
91.2
91.1
91.2
91.4
91.7
2010
92.5
92.5
92.7
93.1
93.2
93.2
93.5
93.2
93.0
92.8
93.0
93.5
93.0
2011
94.1
94.2
94.3
94.5
95.0
94.9
95.1
94.9
94.7
94.9
95.3
95.7
94.8
2012
97.4
97.7
97.8
97.8
98.0
98.2
98.1
98.0
97.9
98.2
97.9
98.0
97.9
2013
99.3
99.4
99.5
99.5
99.3
99.7
99.5
99.3
98.9
99.1
99.0
99.4
99.3
2014
99.5
99.6
99.6
99.6
99.7
99.7
100.0
99.9
99.6
99.8
 99.5 99.5 99.7
2015
 99.5 99.7 99.8 100.1 100.4 100.5 100.4 100.2 100.0 100.0 99.6 99.5 100.0
2016 100.1 100.2 100.1 100.7 100.5 100.6 100.9 100.8 100.5 100.8 101.2 101.5 100.7
2017 102.3 102.7 102.7 102.7 102.9 102.9 103.4 103.3 103.2 103.7 103.8 103.9 103.1
2018 104.5 104.5 104.4 104.7 105.2 105.6 105.8 105.9 105.6 106.0 105.9 106.0 105.3
2019 107.1 107.3 107.5 107.6 108.3 108.5 108.9 109.0 108.4 108.9 109.2 109.4 108.3
2020 111.0 111.3 111.2 111.0 111.4 112.1 112.6 112.6 111.9 112.1 112.1 111.9 111.8
2021 113.4 113.6 113.8 114.4 114.6 115.2 116.4 117.2 117.4 118.6 118.8 119.3 116.1
2022 124.6 126.2 128.3 130.6 132.9 135.0 136.8 137.4 138.5 136.5 138.1 138.1 133.6
2023 146.4 147.3 147.5 147.2 147.6 148.1 148.8 149.1 148.0 148.1 148.2 147.6 147.8
2024 149.8 150.2 150.4                    

  • Consumer basket
  • Consumer Price Indices - User´s methodological manual
    Latest update: 10.08.2023