Inflation, CPI (Average) rose to 1.93% in European Union in 2018

Inflation, CPI (Average) (%)
Economy | European Union | February 01, 2019
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Average inflation measured by CPI reached 1.93 % in 2018 in European Union, according to the National Statistical Office. This is 12122 % more than in the previous year.

Historically, average inflation measured by CPI in European Union reached an all time high of 1.93 % in 2018 and an all time low of < -0.001 % in 2015. When compared to European Union's main peers, average inflation measured by CPI in China amounted to 2.19 %, 1.20 % in Japan, 2.83 % in Russia and 2.40 % in USA in 2018.

European Union has been ranked 127th within the group of 174 countries we follow in terms of average inflation measured by CPI, 24 places above the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) 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.

Inflation, CPI (Average) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Canada % 0.016% 2.57% 2.23% 2.10% 2.11%
China % 0.016% 2.19% 2.38% 2.65% 2.80%
European Union % 0.016% 1.93% 1.90% 1.94% 2.03%
Germany % 0.017% 1.81% 1.78% 2.08% 2.29%
India % 0.033% 4.74% 4.89% 4.57% 4.26%
Japan % 0.005% 1.20% 1.32% 1.66% 1.05%
Mexico % 0.060% 4.77% 3.62% 3.01% 3.00%
Russia % 0.037% 2.83% 5.09% 4.80% 4.80%
South Korea % 0.019% 1.48% 1.78% 2.00% 2.00%
USA % 0.021% 2.40% 2.15% 2.30% 2.19%