Turkey reports the highest inflation rate

Turkey stands out with a HICP inflation rate (annual change) of 64.9%, significantly surpassing all other countries listed.

EU-27, Eurozone, and EEA inflation rates comparison

The European Union has a HICP inflation rate of 3.4%, slightly higher than the Eurozone's 2.9%, and closely followed by the European Economic Area with 3.5%.

Central and Eastern European countries exhibit higher inflation rates

Countries like the Czech Republic (7.6%), Serbia (7.5%), and Romania (7.0%) show notably higher inflation rates compared to Western European countries.

Scandinavian and Baltic countries maintain lower inflation rates

Sweden (1.9%), Finland (1.3%), and Latvia (0.9%) are among the countries with the lowest inflation rates, highlighting regional differences within Europe.

Southern European countries show moderate inflation levels

Spain (3.3%), Portugal (1.9%), and Italy (0.5%) demonstrate a range of moderate inflation rates, with Italy having one of the lowest in the dataset.

Countries with inflation rates below 1%

Belgium, Latvia, Italy, and Denmark have inflation rates at or below 1%, indicating relatively stable price levels in these economies.

Comparison between largest EU economies

Germany (3.8%) and France (4.1%) show relatively moderate inflation rates, whereas Italy (0.5%) exhibits the lowest inflation rate among them.

Inflation rate variance within the EU

The range of inflation rates spans from 0.4% in Denmark to 7.6% in the Czech Republic among EU countries, reflecting diverse economic conditions.

Turkey's inflation rate contrast with European countries

Turkey's 64.9% inflation rate starkly contrasts with the relatively lower rates in European countries, underscoring significant economic disparity.

Lowest inflation rates in developed economies

Developed economies such as Sweden, Finland, and the Netherlands exhibit some of the lowest inflation rates, with the Netherlands at 1.0% and Finland at 1.3%.