Core Inflation Rate by Country
Year-on-year change in consumer prices excluding food and energy. Latest values for 43 economies.
Among 41 countries, Turkey has the highest core inflation rate at 32.0% and Japan the lowest at -1.0% (latest available readings).
Core Inflation Rate by Region
Latest available reading (periods may differ by country). Choose a region or “All countries”.
Core Inflation Rate — All Countries
Sorted by latest value. Click headers to re-sort.
| # | Country | Last | Previous | Period |
|---|---|---|---|---|
| 1 |  Turkey | 32.0% | 32.5% | Dec 2025 |
| 2 | Russia | 7.6% | 7.0% | Feb 2022 |
| 3 | Colombia | 6.5% | 6.6% | Sep 2026 |
| 4 | Estonia | 5.8% | 5.4% | Dec 2025 |
| 5 | Hungary | 5.1% | 5.3% | Dec 2025 |
| 6 | Bulgaria | 5.0% | 5.6% | Dec 2025 |
| 7 | Slovakia | 4.8% | 5.1% | Dec 2025 |
| 8 | Iceland | 4.3% | 3.3% | Dec 2025 |
| 9 | Lithuania | 4.3% | 4.2% | Dec 2025 |
| 10 | Chile | 4.1% | 4.7% | Dec 2023 |
| 11 | Mexico | 4.0% | 4.1% | Jul 2024 |
| 12 | Australia | 3.5% | 3.6% | Aug 2026 |
| 13 | South Africa | 3.4% | 3.6% | Dec 2024 |
| 14 | Croatia | 3.3% | 3.2% | Nov 2025 |
| 15 | Czech Republic | 3.3% | 3.2% | Dec 2025 |
| 16 | Austria | 3.2% | 3.4% | Dec 2025 |
| 17 | Latvia | 3.1% | 2.9% | Dec 2025 |
| 18 | Belgium | 3.1% | 3.1% | Dec 2025 |
| 19 | Greece | 3.0% | 2.8% | Dec 2025 |
| 20 | Netherlands | 2.9% | 2.9% | Dec 2025 |
| 21 | United Kingdom | 2.9% | 2.9% | Aug 2026 |
| 22 | Norway | 2.9% | 2.8% | Dec 2025 |
| 23 | South Korea | 2.8% | 3.4% | Sep 2026 |
| 24 | Canada | 2.8% | 2.4% | Apr 2025 |
| 25 | Spain | 2.8% | 2.8% | Dec 2025 |
| 26 | Poland | 2.7% | 2.7% | Dec 2025 |
| 27 | Ireland | 2.6% | 3.0% | Dec 2025 |
| 28 | Germany | 2.6% | 2.5% | Sep 2026 |
| 29 | European Union | 2.5% | 2.6% | Dec 2025 |
| 30 | United States | 2.4% | 2.5% | Aug 2026 |
| 31 | Slovenia | 2.3% | 1.7% | Dec 2025 |
| 32 | Euro Area | 2.3% | 2.4% | Dec 2025 |
| 33 | Denmark | 2.2% | 2.3% | Dec 2025 |
| 34 | Luxembourg | 2.1% | 2.1% | Dec 2025 |
| 35 | Portugal | 2.1% | 2.0% | Dec 2025 |
| 36 | Costa Rica | 1.9% | 1.9% | Jan 2022 |
| 37 | Italy | 1.7% | 1.7% | Dec 2025 |
| 38 | France | 1.4% | 1.4% | Dec 2025 |
| 39 | Israel | 1.3% | 1.6% | Aug 2026 |
| 40 | Switzerland | 0.5% | 0.4% | Dec 2025 |
| 41 | Finland | -0.1% | -0.4% | Dec 2025 |
| 42 | Sweden | -0.2% | -0.3% | Dec 2025 |
| 43 | Japan | -1.0% | -1.0% | Jun 2021 |
Core Inflation Rate around the world — in simple words
Overview
Core Inflation Rate is available for 38 economies with recent data. The median value is 2.9% and the simple average is 3.8%.
Highest: Turkey (32.0%), Colombia (6.5%), Estonia (5.8%), Hungary (5.1%), Bulgaria (5.0%).
Lowest: Sweden (-0.2%), Finland (-0.1%), Switzerland (0.5%), Israel (1.3%), France (1.4%).
Major economies
Among the 12 major economies tracked here, Mexico (4.0%) has the highest reading and Switzerland (0.5%) the lowest. Their median is 2.8%.
Core Inflation Rate — Regional Medians
Median of the latest readings of countries in each World Bank region. The median is the middle value — half the countries are above it and half below.
| Region | Countries | Median |
|---|---|---|
| East Asia & Pacific | 2 | 3.2% |
| Europe & Central Asia | 29 | 2.9% |
| Latin America & Caribbean | 3 | 4.1% |
| Middle East, North Africa, Afghanistan & Pakistan | 1 | 1.3% |
| North America | 2 | 2.6% |
| Sub-Saharan Africa | 1 | 3.4% |
Understanding Core Inflation Rate — a simple guide
What it measures
The year-on-year change in consumer prices excluding food and energy, which can jump around because of weather, harvests and oil prices.
How it is calculated
The same method as headline CPI inflation, but the basket excludes food and energy items.
If headline inflation is 4% but food prices jumped, core inflation might be only 3%.
High core inflation means price rises are broad-based, not just caused by food or fuel.
Low core inflation suggests underlying price pressure is mild.
Why it matters for the economy and markets
Central banks watch core inflation to judge the underlying trend in prices. If core inflation stays high, interest rates are more likely to stay high too.
How to read it
Compare it with headline inflation: if headline falls because fuel got cheaper but core stays high, price pressure across the economy has not really eased.
What to look at alongside it
Headline inflation, wage growth and the policy rate.
Key terms
- Headline inflation
- Inflation of the full CPI basket.
- Core inflation
- Inflation excluding food and energy.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What does core inflation rate measure?
Which country has the highest core inflation rate?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.