Beta

Ranking · Consumer prices, annual %

Inflation forecasts by country

Inflation forecasts for 39 countries for 2026, 2027, 2028, ranked by the model's median, with 80% ranges. Built on World Bank annual data.

Highest in 2026: Turkey at 35.2%. Lowest: China at 0.3%.

39 of 39 series shown

#CountryLatest2026 forecast2027 forecast2028 forecastChange80% rangeChart
TurkeyTurkeyTurkey34.9%202534.9%202534.9%202535.2%2026 forecast34.2%2027 forecast34.7%2028 forecast▲ +0.3 pp▼ −0.7 pp▼ −0.2 pp17.3% – 62.2%13.8% – 66.2%13.0% – 70.4%
ColombiaColombiaColombia5.1%20255.1%20255.1%20255.4%2026 forecast5.2%2027 forecast5.5%2028 forecast▲ +0.3 pp▲ +0.1 pp▲ +0.4 pp2.3% – 10.7%1.9% – 11.3%2.1% – 12.3%
PolandPolandPoland3.8%20253.8%20253.8%20255.4%2026 forecast5.4%2027 forecast5.6%2028 forecast▲ +1.5 pp▲ +1.6 pp▲ +1.7 pp2.6% – 14.7%2.9% – 16.0%2.5% – 18.5%
BrazilBrazilBrazil5.0%20255.0%20255.0%20255.2%2026 forecast6.6%2027 forecast5.8%2028 forecast▲ +0.2 pp▲ +1.6 pp▲ +0.8 pp0.0% – 37.3%0.0% – 40.3%0.0% – 47.1%
RussiaRussiaRussia8.7%20258.7%20258.7%20255.2%2026 forecast6.2%2027 forecast7.6%2028 forecast▼ −3.5 pp▼ −2.5 pp▼ −1.2 pp0.1% – 15.8%0.9% – 17.1%1.2% – 20.1%
UruguayUruguayUruguay4.7%20254.7%20254.7%20255.0%2026 forecast5.4%2027 forecast6.1%2028 forecast▲ +0.4 pp▲ +0.8 pp▲ +1.5 pp2.2% – 11.2%2.7% – 12.4%3.4% – 13.7%
MexicoMexicoMexico3.8%20253.8%20253.8%20254.8%2026 forecast5.3%2027 forecast5.8%2028 forecast▲ +1.0 pp▲ +1.5 pp▲ +2.0 pp3.3% – 10.9%2.9% – 14.0%2.2% – 17.6%
United StatesUnited StatesUnited States2.9%20242.9%2024–4.3%2026 forecast4.7%2027 forecast–▲ +1.4 pp▲ +1.8 pp–2.1% – 7.2%2.3% – 7.9%–
South AfricaSouth AfricaSouth Africa3.2%20253.2%20253.2%20254.1%2026 forecast4.8%2027 forecast5.0%2028 forecast▲ +0.9 pp▲ +1.5 pp▲ +1.8 pp1.6% – 7.1%1.7% – 8.5%1.3% – 9.2%
PeruPeruPeru1.5%20251.5%20251.5%20254.1%2026 forecast4.4%2027 forecast5.8%2028 forecast▲ +2.6 pp▲ +2.9 pp▲ +4.3 pp0.0% – 19.4%0.0% – 15.4%0.0% – 23.8%
United KingdomUnited KingdomUnited Kingdom3.9%20253.9%20253.9%20253.9%2026 forecast4.0%2027 forecast4.0%2028 forecast▲ +0.1 pp▲ +0.2 pp▲ +0.1 pp2.1% – 7.1%1.9% – 7.8%1.7% – 8.1%
Saudi ArabiaSaudi ArabiaSaudi Arabia2.1%20252.1%20252.1%20253.9%2026 forecast5.5%2027 forecast5.6%2028 forecast▲ +1.8 pp▲ +3.4 pp▲ +3.5 pp−0.4% – 10.0%0.8% – 12.1%0.9% – 12.7%
ChileChileChile4.2%20254.2%20254.2%20253.9%2026 forecast4.2%2027 forecast3.9%2028 forecast▼ −0.3 pp■ 0.0 pp▼ −0.3 pp1.7% – 12.1%1.9% – 12.4%1.0% – 13.0%
NorwayNorwayNorway3.1%20253.1%20253.1%20253.8%2026 forecast4.2%2027 forecast4.6%2028 forecast▲ +0.8 pp▲ +1.2 pp▲ +1.5 pp2.0% – 6.4%2.1% – 7.3%2.2% – 8.0%
IndiaIndiaIndia2.4%20252.4%20252.4%20253.8%2026 forecast4.4%2027 forecast4.7%2028 forecast▲ +1.4 pp▲ +2.0 pp▲ +2.3 pp1.4% – 6.9%1.5% – 8.1%1.4% – 8.8%
New ZealandNew ZealandNew Zealand2.8%20252.8%20252.8%20253.7%2026 forecast4.3%2027 forecast4.8%2028 forecast▲ +0.8 pp▲ +1.4 pp▲ +1.9 pp1.8% – 7.1%1.9% – 8.4%2.0% – 9.5%
AustraliaAustraliaAustralia2.9%20252.9%20252.9%20253.2%2026 forecast3.4%2027 forecast3.8%2028 forecast▲ +0.4 pp▲ +0.6 pp▲ +0.9 pp1.3% – 6.2%1.2% – 6.8%1.3% – 7.5%
AustriaAustriaAustria3.5%20253.5%20253.5%20253.2%2026 forecast3.1%2027 forecast3.0%2028 forecast▼ −0.3 pp▼ −0.4 pp▼ −0.5 pp1.8% – 5.3%1.5% – 5.5%1.3% – 5.6%
NetherlandsNetherlandsNetherlands3.3%20253.3%20253.3%20253.2%2026 forecast3.1%2027 forecast3.0%2028 forecast▼ −0.1 pp▼ −0.2 pp▼ −0.2 pp1.7% – 5.2%1.5% – 5.3%1.3% – 5.5%
JapanJapanJapan3.2%20253.2%20253.2%20252.9%2026 forecast2.7%2027 forecast2.3%2028 forecast▼ −0.2 pp▼ −0.5 pp▼ −0.8 pp1.1% – 5.6%0.8% – 5.6%0.4% – 5.6%
IrelandIrelandIreland2.2%20252.2%20252.2%20252.7%2026 forecast3.2%2027 forecast3.5%2028 forecast▲ +0.5 pp▲ +1.0 pp▲ +1.3 pp0.2% – 6.4%0.1% – 7.6%−0.0% – 8.6%
GreeceGreeceGreece2.5%20252.5%20252.5%20252.7%2026 forecast2.7%2027 forecast2.8%2028 forecast▲ +0.2 pp▲ +0.2 pp▲ +0.3 pp−0.3% – 7.2%−0.7% – 8.0%−0.9% – 8.7%
SpainSpainSpain2.7%20252.7%20252.7%20252.6%2026 forecast2.6%2027 forecast2.7%2028 forecast▼ −0.1 pp▼ −0.1 pp■ 0.0 pp0.1% – 6.0%−0.2% – 6.4%−0.3% – 6.8%
CzechiaCzechiaCzechia2.5%20252.5%20252.5%20252.5%2026 forecast2.5%2027 forecast2.6%2028 forecast■ 0.0 pp■ 0.0 pp▲ +0.1 pp0.3% – 6.3%0.1% – 6.8%0.1% – 7.2%
BelgiumBelgiumBelgium2.5%20252.5%20252.5%20252.5%2026 forecast2.5%2027 forecast2.5%2028 forecast■ 0.0 pp■ 0.0 pp■ 0.0 pp1.0% – 4.6%0.9% – 4.8%0.8% – 5.0%
PortugalPortugalPortugal2.3%20252.3%20252.3%20252.4%2026 forecast2.4%2027 forecast2.5%2028 forecast▲ +0.1 pp▲ +0.1 pp▲ +0.2 pp0.4% – 5.9%0.3% – 6.4%0.3% – 6.8%
GermanyGermanyGermany2.2%20252.2%20252.2%20252.3%2026 forecast2.3%2027 forecast2.2%2028 forecast▲ +0.1 pp▲ +0.1 pp▲ +0.1 pp0.8% – 4.3%0.5% – 4.6%0.2% – 4.8%
South KoreaSouth KoreaSouth Korea2.1%20252.1%20252.1%20252.3%2026 forecast2.2%2027 forecast2.3%2028 forecast▲ +0.1 pp▲ +0.1 pp▲ +0.1 pp0.5% – 5.4%0.5% – 5.5%0.6% – 5.7%
IndonesiaIndonesiaIndonesia1.9%20251.9%20251.9%20252.2%2026 forecast2.4%2027 forecast2.3%2028 forecast▲ +0.3 pp▲ +0.5 pp▲ +0.4 pp0.0% – 7.2%0.3% – 6.3%0.0% – 6.6%
CanadaCanadaCanada2.1%20252.1%20252.1%20252.2%2026 forecast2.1%2027 forecast2.4%2028 forecast▲ +0.1 pp■ 0.0 pp▲ +0.3 pp0.9% – 4.2%0.7% – 4.3%0.8% – 4.8%
DenmarkDenmarkDenmark1.9%20251.9%20251.9%20251.6%2026 forecast1.5%2027 forecast1.5%2028 forecast▼ −0.3 pp▼ −0.4 pp▼ −0.4 pp0.5% – 3.5%0.4% – 3.7%0.3% – 3.8%
ItalyItalyItaly1.5%20251.5%20251.5%20251.6%2026 forecast1.5%2027 forecast1.5%2028 forecast■ 0.0 pp■ 0.0 pp■ 0.0 pp−0.1% – 4.4%−0.4% – 4.7%−0.5% – 5.0%
SwedenSwedenSweden0.7%20250.7%20250.7%20251.5%2026 forecast1.6%2027 forecast1.7%2028 forecast▲ +0.8 pp▲ +0.9 pp▲ +1.0 pp−0.4% – 4.7%−0.5% – 5.2%−0.5% – 5.6%
FranceFranceFrance0.9%20250.9%20250.9%20251.3%2026 forecast1.4%2027 forecast1.4%2028 forecast▲ +0.3 pp▲ +0.4 pp▲ +0.5 pp0.1% – 3.3%0.0% – 3.8%0.0% – 4.1%
SingaporeSingaporeSingapore0.9%20250.9%20250.9%20251.2%2026 forecast1.3%2027 forecast1.4%2028 forecast▲ +0.3 pp▲ +0.4 pp▲ +0.5 pp−0.7% – 4.1%−0.7% – 4.5%−0.6% – 4.8%
ThailandThailandThailand−0.1%2025−0.1%2025−0.1%20250.9%2026 forecast1.2%2027 forecast1.5%2028 forecast▲ +1.0 pp▲ +1.3 pp▲ +1.6 pp−1.4% – 4.3%−1.3% – 4.9%−1.1% – 5.4%
FinlandFinlandFinland0.3%20250.3%20250.3%20250.7%2026 forecast0.8%2027 forecast0.9%2028 forecast▲ +0.4 pp▲ +0.5 pp▲ +0.6 pp−0.5% – 3.2%−0.6% – 3.6%−0.7% – 4.1%
SwitzerlandSwitzerlandSwitzerland0.2%20250.2%20250.2%20250.4%2026 forecast0.5%2027 forecast0.5%2028 forecast▲ +0.2 pp▲ +0.3 pp▲ +0.3 pp−1.0% – 2.1%−1.0% – 2.5%−1.1% – 2.6%
ChinaChinaChina0.1%20250.1%20250.1%20250.3%2026 forecast0.4%2027 forecast0.7%2028 forecast▲ +0.2 pp▲ +0.4 pp▲ +0.7 pp−0.9% – 3.0%−1.0% – 3.5%−0.9% – 4.2%

Change is measured from each country's latest published year. This ranking uses annual-average World Bank CPI only. The monthly BLS outlook on the US page is a different measure and is not ranked here. Argentina is not included: its World Bank CPI series is too short to forecast reliably.

Statistical model, not financial advice. Medians and 80% ranges from TimesFM 2.5 on public data. Outcomes land outside the range about one time in five. How we test it.

Missing a series? Request a forecast →