Europe Annual Inflation Rate Ranking (2024)
In 2024, annual inflation rate in Europe was highest in Turkey at 58.51%, followed by Russia at 6.69% and Ukraine at 6.50%. The average annual inflation rate across countries in Europe was 4.21%, the median was 2.76%, and Lithuania recorded the lowest annual inflation rate at 0.72%, according to the World Bank.
Data is available for the period 1960 to 2024 across 43 countries in Europe.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 58.51% | 53.86% | 2024 | |
| 2 | 6.69% | 3.38% | 2021 | |
| 3 | 6.5% | 12.85% | 2024 | |
| 4 | 5.86% | 8.74% | 2024 | |
| 5 | 5.79% | 5% | 2024 | |
| 6 | 5.72% | 10.4% | 2024 | |
| 7 | 4.68% | 13.42% | 2024 | |
| 8 | 4.67% | 12.37% | 2024 | |
| 9 | 3.79% | 11.53% | 2024 | |
| 10 | 3.7% | 17.12% | 2024 | |
| 11 | 3.52% | 9.16% | 2024 | |
| 12 | 3.49% | 9.36% | 2024 | |
| 13 | 3.35% | 3.84% | 2024 | |
| 14 | 3.34% | 8.58% | 2024 | |
| 15 | 3.27% | 6.79% | 2024 | |
| 16 | 3.15% | 5.52% | 2024 | |
| 17 | 3.14% | 4.05% | 2024 | |
| 18 | 2.97% | 7.94% | 2024 | |
| 19 | 2.94% | 7.81% | 2024 | |
| 20 | 2.84% | 8.55% | 2024 | |
| 21 | 2.77% | 3.53% | 2024 | |
| 22 | 2.76% | 10.53% | 2024 | |
| 23 | 2.74% | 3.46% | 2024 | |
| 24 | 2.45% | 9.44% | 2024 | |
| 25 | 2.44% | 10.66% | 2024 | |
| 26 | 2.42% | 4.31% | 2024 | |
| 27 | 2.26% | 5.95% | 2024 | |
| 28 | 2.21% | 4.76% | 2024 | |
| 29 | 2.11% | 6.3% | 2024 | |
| 30 | 2.05% | 3.74% | 2024 | |
| 31 | 2% | 4.88% | 2024 | |
| 32 | 1.97% | 7.45% | 2024 | |
| 33 | 1.8% | 3.54% | 2024 | |
| 34 | 1.69% | 6.11% | 2024 | |
| 35 | 1.65% | 5.09% | 2024 | |
| 36 | 1.62% | 4.94% | 2024 | |
| 37 | 1.57% | 6.25% | 2024 | |
| 38 | 1.37% | 3.31% | 2024 | |
| 39 | 1.27% | 8.94% | 2024 | |
| 40 | 1.24% | 5.93% | 2024 | |
| 41 | 1.06% | 2.14% | 2024 | |
| 42 | 0.98% | 5.62% | 2024 | |
| 43 | 0.72% | 9.12% | 2024 |
Europe Annual Inflation Rate Ranking (2024) : Definition
Annual Inflation Rate measures the year-over-year percentage change in the Consumer Price Index for the reporting period, reflecting changes in the cost of a typical basket of consumer goods and services.