Inflation rate by country

Country	Inflation	Policy rate	Real interest rate
Algeria	8.4%June 2026	–	–
Angola	20.2%2025	–	–
Argentina	33.5%September 2026	29.00%	-4.5%
Australia	3.9%June 2026	4.60%	0.7%
Austria	3.6%September 2026	2.50%	-1.1%
Bahrain	-0.1%2025	–	–
Bangladesh	8.8%2025	–	–
Belgium	4.7%September 2026	2.50%	-2.2%
Brazil	4.6%September 2026	13.75%	9.2%
Cameroon	3.4%2025	–	–
Canada	3.1%September 2026	2.25%	-0.8%
Chile	4.1%September 2026	4.50%	0.4%
China	0.9%September 2026	3.00%	2.1%
Colombia	6.3%September 2026	12.25%	6.0%
Côte d’Ivoire	0.1%2025	–	–
Czechia	2.5%September 2026	3.75%	1.3%
Denmark	2.2%September 2026	2.10%	-0.1%
Dominican Republic	3.9%2025	–	–
Egypt	14.1%2025	–	–
Finland	2.5%September 2026	2.50%	0.0%
France	3.1%September 2026	2.50%	-0.6%
Germany	3.3%September 2026	2.50%	-0.8%
Ghana	14.2%2025	–	–
Greece	5.0%September 2026	2.50%	-2.5%
Hong Kong	1.9%September 2026	4.25%	2.3%
Hungary	1.6%September 2026	5.50%	3.9%
India	5.5%September 2026	5.50%	-0.0%
Indonesia	3.3%September 2026	5.75%	2.5%
Iraq	0.3%2025	–	–
Israel	1.5%August 2026	3.25%	1.7%
Italy	4.2%September 2026	2.50%	-1.7%
Japan	2.1%September 2026	1.25%	-0.8%
Jordan	1.8%2025	–	–
Kenya	4.1%2025	–	–
Kuwait	2.2%June 2026	–	–
Malaysia	1.8%September 2026	2.75%	1.0%
Mexico	3.5%September 2026	6.50%	3.0%
Morocco	-0.6%July 2026	–	–
Mozambique	4.4%2025	–	–
Netherlands	3.3%August 2026	2.50%	-0.8%
Nigeria	23.0%2025	–	–
Norway	3.4%September 2026	4.50%	1.1%
Oman	1.0%2025	–	–
Pakistan	3.5%2025	–	–
Peru	4.5%September 2026	4.25%	-0.3%
Philippines	7.2%September 2026	5.50%	-1.7%
Poland	4.0%September 2026	3.75%	-0.2%
Portugal	3.6%September 2026	2.50%	-1.1%
Qatar	1.3%2024	–	–
Romania	6.6%September 2026	6.50%	-0.1%
Russia	6.4%September 2026	14.00%	7.6%
Saudi Arabia	1.9%September 2026	4.50%	2.6%
Senegal	1.5%2025	–	–
Singapore	2.2%July 2026	–	–
South Africa	4.5%September 2026	7.25%	2.7%
South Korea	2.9%September 2026	3.00%	0.1%
Spain	4.9%September 2026	2.50%	-2.4%
Sweden	1.1%September 2026	1.75%	0.6%
Switzerland	1.0%September 2026	0.00%	-1.0%
Tanzania	3.3%2025	–	–
Thailand	2.8%September 2026	1.00%	-1.8%
Tunisia	5.2%2025	–	–
Türkiye	29.7%September 2026	36.00%	6.3%
Uganda	3.6%2025	–	–
Ukraine	12.7%2025	–	–
United Arab Emirates	2.0%December 2025	–	–
United Kingdom	3.4%September 2026	3.75%	0.3%
United States	3.7%September 2026	3.875%	0.1%
Vietnam	3.3%2025	–	–

Monthly figures: national statistics compiled by the Bank for International Settlements (consumer prices, change on a year earlier). Yearly figures: World Bank, inflation, consumer prices (annual %). The real interest rate is the central bank’s policy rate minus the latest inflation rate: a plain difference, not a forecast.