Inflation is characterized by a steady rise in the aggregate level of prices in an economy - put into simpler words, it is the rise in all prices in the economy, rather than just in specific prices for goods or services (such as when there is a shortage in a particular good). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In April of 2023, the inflation rate in Türkiye (previously known as Turkey) was 43.7% compared to the same month of the previous year, making it one of the countries in the world with the highest inflation rate.
Inflation rate in selected European countries in December of 2023
(compared to the same month of the previous year)
*e = estimated
Harmonized index of consumer price (HICP) - All items, 2015=100 Not seasonally adjusted data Harmonized indices of consumer prices (HICPs) give comparable measures of inflation for the countries and country groups they are produced. They are economic indicators that measure the change over time of the prices of consumer goods and services acquired by households i.e. they are a set of consumer price indices (CPIs) calculated according to a harmonized approach and a single set of definitions.
Percentage change on the previous year used as unit of measure
This data was obtained from the Eurostat database with code PRC_HICP_MANR
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Eurostat. (February 1, 2024). Inflation rate in selected European countries in December of 2023 (compared to the same month of the previous year) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/225690/monthly-inflation-rate-in-euro-area-countries/
Eurostat. "Inflation rate in selected European countries in December of 2023 (compared to the same month of the previous year)." Chart. February 1, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/225690/monthly-inflation-rate-in-euro-area-countries/
Eurostat. (2024). Inflation rate in selected European countries in December of 2023 (compared to the same month of the previous year). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/225690/monthly-inflation-rate-in-euro-area-countries/
Eurostat. "Inflation Rate in Selected European Countries in December of 2023 (Compared to The Same Month of The Previous Year)." Statista, Statista Inc., 1 Feb 2024, https://www.statista.com/statistics/225690/monthly-inflation-rate-in-euro-area-countries/
Eurostat, Inflation rate in selected European countries in December of 2023 (compared to the same month of the previous year) Statista, https://www.statista.com/statistics/225690/monthly-inflation-rate-in-euro-area-countries/ (last visited October 30, 2024)
Inflation rate in selected European countries in December of 2023 (compared to the same month of the previous year) [Graph], Eurostat, February 1, 2024. [Online]. Available: https://www.statista.com/statistics/225690/monthly-inflation-rate-in-euro-area-countries/
