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The FT global inflation and interest rates tracker provides a regularly updated picture of consumer price inflation and central bank policy rates around the world.
Our tracker features the latest inflation and policy rate data for most countries, historical figures, as well as key factors affecting policymakers’ decisions on borrowing costs. Bookmark this page to keep up to date as the global inflation story evolves.
Country-by-country overview
Many central banks have been lowering borrowing costs as global inflation gradually eases from the multi-decade highs recently recorded in many countries.
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While inflation in most nations has come down from its peak, many policymakers have warned that the last leg of the journey to central banks’ target — which in most advanced economies is 2 per cent — will be the hardest.
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Policy rate decisions
This chart shows the outcome of central bank decisions since the pandemic, when many policymakers moved to lower borrowing costs.
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Higher borrowing costs helped ease the fast pace of price growth that swept the world during the pandemic, but many countries have now entered a fresh cycle of lowering rates.
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How inflation swept the world
Entering the pandemic, inflation rates in many advanced economies were at or near the two per cent target level. But that changed, as this global animation shows.
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Post-pandemic supply chain disruptions and rising energy prices resulting from Russia’s invasion of Ukraine triggered a wave of inflation that left few countries untouched.
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Latest CPI figures
This chart allows you to compare consumer price index figures for any three countries.
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Data in this chart is updated regularly following key releases from national statistics offices.
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Central bank policy rates
This chart allows you to compare borrowing costs for up to three countries.
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Data in this chart is updated regularly following central bank policy decisions.
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CPI by component
The latest figures for the world’s largest economies show that core inflation, a key measure of underlying price pressures that excludes food and energy, remains elevated in many G7 countries.
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Energy costs
A rise in energy prices was the main driver of inflation in many countries in recent years, but gas and electricity costs have retreated from their peaks during the energy crisis that followed Russia’s full-scale invasion of Ukraine.
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Interest rate expectations
The yields on 2-year government bonds are strongly affected by market expectations of interest rates over that time.
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House prices
The cost of homes soared in many countries during the pandemic, but high mortgage rates have led to a slowdown in house price growth in a number of countries.
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