Countries in Europe Ranked by Inflation rate (2025)
Inflation rate: each country's latest value (2020–2025), ranked from highest to lowest. Source: The World Bank (CC BY 4.0).
Summary
Ukraine ranks #1 with 12.7% per year (consumer prices). Russian Federation is second with 8.72% per year (consumer prices), 46% behind. The top five are Ukraine, Russian Federation, Moldova, Romania and Belarus. The median across all 42 is 3.37% per year (consumer prices); Cyprus is last at 0.127% per year (consumer prices). Ukraine's figure has risen 6% since 2001 (12% per year (consumer prices) to 12.7% per year (consumer prices) in 2025).
- #1
- Ukraine · 12.7% per year (consumer prices)
- Median
- 3.37% per year (consumer prices)
- Coverage
- 42 countries in Europe
- Data year
- 2025
- Last updated
- 2026-11-14
Full ranking
| Rank | Country | Inflation rate (% per year (consumer prices)) |
|---|---|---|
| 1 | Ukraine | 12.7 |
| 2 | Russian Federation | 8.72 |
| 3 | Moldova | 7.76 |
| 4 | Romania | 7.19 |
| 5 | Belarus | 6.6 |
| 6 | Estonia | 4.83 |
| 7 | Bulgaria | 4.58 |
| 8 | Hungary | 4.41 |
| 9 | Iceland | 4.09 |
| 10 | North Macedonia | 4.07 |
| 11 | Slovak Republic | 4 |
| 12 | Bosnia and Herzegovina | 3.98 |
| 13 | Montenegro | 3.9 |
| 14 | Serbia | 3.89 |
| 15 | United Kingdom | 3.88 |
| 16 | Kosovo | 3.86 |
| 17 | Poland | 3.81 |
| 18 | Lithuania | 3.79 |
| 19 | Latvia | 3.75 |
| 20 | Croatia | 3.69 |
| 21 | Austria | 3.53 |
| 22 | Netherlands | 3.2 |
| 23 | Norway | 3.04 |
| 24 | Spain | 2.67 |
| 25 | Greece | 2.48 |
| 26 | Belgium | 2.47 |
| 27 | Czechia | 2.46 |
| 28 | Slovenia | 2.37 |
| 29 | Malta | 2.36 |
| 30 | Portugal | 2.34 |
| 31 | San Marino | 2.3 |
| 32 | Luxembourg | 2.26 |
| 33 | Ireland | 2.21 |
| 34 | Germany | 2.17 |
| 35 | Albania | 2.15 |
| 36 | Denmark | 1.89 |
| 37 | Italy | 1.53 |
| 38 | France | 0.944 |
| 39 | Sweden | 0.679 |
| 40 | Finland | 0.333 |
| 41 | Switzerland | 0.154 |
| 42 | Cyprus | 0.127 |
About the top 10
#1 Ukraine
Ukraine ranks #1 on this list with 12.7% per year (consumer prices).
- Capital
- Kyiv
- Continent
- Europe
- Income group
- Upper middle income
- Population
- 38.98 million people (2025)
- GDP
- US$214.23 billion (2025)
- GDP per person
- US$5,866 (2025)
- Life expectancy
- 74.7 years (2024)
- Urban population
- 69.6% of population (2025)
Largest cities: Kyiv, Kharkiv, Odesa.
Also ranks #1 in net migration · #3 in refugee population by origin · #4 in arable land share.
#2 Russian Federation
Russian Federation ranks #2 on this list with 8.72% per year (consumer prices).
- Capital
- Moscow
- Continent
- Europe
- Income group
- High income
- Population
- 143.51 million people (2025)
- GDP
- US$2.56 trillion (2025)
- GDP per person
- US$17,547 (2025)
- Life expectancy
- 73.4 years (2024)
- Urban population
- 75.3% of population (2025)
Largest cities: Moscow, Saint Petersburg, Novosibirsk.
Also ranks #1 in land area · #1 in surface area · #1 in forest area.
#3 Moldova
Moldova ranks #3 on this list with 7.76% per year (consumer prices).
- Capital
- Chișinău
- Continent
- Europe
- Income group
- Upper middle income
- Population
- 2.36 million people (2025)
- GDP
- US$20.35 billion (2025)
- GDP per person
- US$8,622 (2025)
- Life expectancy
- 71.3 years (2024)
- Urban population
- 43.7% of population (2025)
Also ranks #1 in real effective exchange rate index · #2 in female population share · #5 in arable land share.
#4 Romania
Romania ranks #4 on this list with 7.19% per year (consumer prices).
- Capital
- Bucharest
- Continent
- Europe
- Income group
- High income
- Population
- 19.02 million people (2025)
- GDP
- US$428.68 billion (2025)
- GDP per person
- US$22,538 (2025)
- Life expectancy
- 76.5 years (2024)
- Urban population
- 52.2% of population (2025)
Largest cities: Bucharest.
Also ranks #1 in alcohol consumption per capita · #8 in hospital beds per 10,000 · #13 in death rate.
#5 Belarus
Belarus ranks #5 on this list with 6.6% per year (consumer prices).
- Capital
- Minsk
- Continent
- Europe
- Income group
- Upper middle income
- Population
- 9.09 million people (2025)
- GDP
- US$93.4 billion (2025)
- GDP per person
- US$10,279 (2025)
- Life expectancy
- 74.4 years (2024)
- Urban population
- 79.5% of population (2025)
Largest cities: Minsk.
Also ranks #2 in income share of poorest 10% · #4 in hospital beds per 10,000 · #6 in literacy rate.
#6 Estonia
Estonia ranks #6 on this list with 4.83% per year (consumer prices).
- Capital
- Tallinn
- Continent
- Europe
- Income group
- High income
- Population
- 1.37 million people (2025)
- GDP
- US$47.03 billion (2025)
- GDP per person
- US$34,418 (2025)
- Life expectancy
- 79.3 years (2024)
- Urban population
- 70.7% of population (2025)
Also ranks #2 in account ownership (female) share · #8 in bank accounts share (adults) · #12 in human capital index.
#7 Bulgaria
Bulgaria ranks #7 on this list with 4.58% per year (consumer prices).
- Capital
- Sofia
- Continent
- Europe
- Income group
- High income
- Population
- 6.43 million people (2025)
- GDP
- US$130.78 billion (2025)
- GDP per person
- US$20,328 (2025)
- Life expectancy
- 75.8 years (2024)
- Urban population
- 74.2% of population (2025)
Largest cities: Sofia.
Also ranks #2 in death rate · #2 in bank branches per 100,000 adults · #6 in hospital beds per 10,000.
#8 Hungary
Hungary ranks #8 on this list with 4.41% per year (consumer prices).
- Capital
- Budapest
- Continent
- Europe
- Income group
- High income
- Population
- 9.51 million people (2025)
- GDP
- US$246.49 billion (2025)
- GDP per person
- US$25,907 (2025)
- Life expectancy
- 76.7 years (2024)
- Urban population
- 70.7% of population (2025)
Largest cities: Budapest.
Also ranks #3 in access to clean water · #5 in immunisation (dpt) rate · #6 in immunisation (measles) rate.
#9 Iceland
Iceland ranks #9 on this list with 4.09% per year (consumer prices).
- Capital
- Reykjavík
- Continent
- Europe
- Income group
- High income
- Population
- 392,400 people (2025)
- GDP
- US$38.58 billion (2025)
- GDP per person
- US$98,323 (2025)
- Life expectancy
- 82.8 years (2024)
- Urban population
- 94.2% of population (2025)
Also ranks #1 in energy use per capita · #1 in bank accounts share (adults) · #1 in water resources per capita.
#10 North Macedonia
North Macedonia ranks #10 on this list with 4.07% per year (consumer prices).
- Capital
- Skopje
- Continent
- Europe
- Income group
- Upper middle income
- Population
- 1.82 million people (2025)
- GDP
- US$19.1 billion (2025)
- GDP per person
- US$10,490 (2025)
- Life expectancy
- 76.6 years (2024)
- Urban population
- 62.9% of population (2025)
Also ranks #5 in smoking prevalence · #19 in gross capital formation rate · #22 in youth unemployment rate.
Profile facts: World Bank (CC BY 4.0) and Wikidata (CC0); weather links go to Purr Weather, another ChowChow Labs site.
Source and method
Inflation rate: each country's latest value (2020–2025), ranked from highest to lowest.
Source: The World Bank, indicator FP.CPI.TOTL.ZG. Licence: CC BY 4.0. Retrieved: 2026-11-14.
The World Bank: Inflation, consumer prices (annual %): International Financial Statistics database, International Monetary Fund (IMF) (via World Development Indicators)
Original data provider, as recorded by the World Bank: International Financial Statistics database, International Monetary Fund (IMF).
Values are shown as published. Provider terms: The World Bank. All licences: Sources & licences.