Which country in Europe has the highest inflation?

Ukraine has the highest inflation in Europe: +12.7% a year (2025). Next come Russia (+8.7% a year) and Moldova (+7.8% a year).

Which country in Europe has the lowest inflation?

Switzerland, with +0.2% a year (2025).

What is the typical inflation of a country in Europe?

The median of the 40 countries in Europe is +3.4% a year: half are above it, half below. The median, not the average, because a few countries at the top would drag an average far above almost everyone.

Where do the figures come from?

How much consumer prices rose over the year, from the consumer price index. Below zero, prices fell. Source: World Bank, 2025. Only independent states are ranked; territories are listed separately. A country’s continent follows Natural Earth; the handful of island states it files under the open ocean are placed by their UN subregion.

Countries in Europe by inflation

How much consumer prices rose over the year, from the consumer price index. Below zero, prices fell. 40 countries in Europe, highest first. World Bank, 2025

See it on the map

Map: Inflation — Europe — **−1%+1%+5%+15%**No data

Highest

+12.7%

Ukraine

Median country

+3.4%

half above, half below

Lowest

+0.2%

Switzerland

Countries in Europe by inflation, World Bank, 2025
#	Country	% a year	Region
1	Ukraine	+12.7%	Eastern Europe
2	Russia	+8.7%	Eastern Europe
3	Moldova	+7.8%	Eastern Europe
4	Romania	+7.2%	Eastern Europe
5	Belarus	+6.6%	Eastern Europe
6	Estonia	+4.8%	Northern Europe
7	Bulgaria	+4.6%	Eastern Europe
8	Hungary	+4.4%	Eastern Europe
=9	Iceland	+4.1%	Northern Europe
=9	North Macedonia	+4.1%	Southern Europe
=11	Bosnia and Herzegovina	+4.0%	Southern Europe
=11	Slovakia	+4.0%	Eastern Europe
=13	Montenegro	+3.9%	Southern Europe
=13	Serbia	+3.9%	Southern Europe
=13	United Kingdom	+3.9%	Northern Europe
=16	Lithuania	+3.8%	Northern Europe
=16	Poland	+3.8%	Eastern Europe
=18	Croatia	+3.7%	Southern Europe
=18	Latvia	+3.7%	Northern Europe
20	Austria	+3.5%	Western Europe
21	Netherlands	+3.2%	Western Europe
22	Norway	+3.0%	Northern Europe
23	Spain	+2.7%	Southern Europe
=24	Belgium	+2.5%	Western Europe
=24	Czechia	+2.5%	Eastern Europe
=24	Greece	+2.5%	Southern Europe
=27	Malta	+2.4%	Southern Europe
=27	Slovenia	+2.4%	Southern Europe
=29	Luxembourg	+2.3%	Western Europe
=29	Portugal	+2.3%	Southern Europe
=29	San Marino	+2.3%	Southern Europe
=32	Germany	+2.2%	Western Europe
=32	Ireland	+2.2%	Northern Europe
34	Albania	+2.1%	Southern Europe
35	Denmark	+1.9%	Northern Europe
36	Italy	+1.5%	Southern Europe
37	France	+0.9%	Western Europe
38	Sweden	+0.7%	Northern Europe
39	Finland	+0.3%	Northern Europe
40	Switzerland	+0.2%	Western Europe

No World Bank figure for 4 countries: Andorra, Liechtenstein, Monaco, Vatican City.

Questions

Which country in Europe has the highest inflation?: Ukraine has the highest inflation in Europe: +12.7% a year (2025). Next come Russia (+8.7% a year) and Moldova (+7.8% a year).
Which country in Europe has the lowest inflation?: Switzerland, with +0.2% a year (2025).
What is the typical inflation of a country in Europe?: The median of the 40 countries in Europe is +3.4% a year: half are above it, half below. The median, not the average, because a few countries at the top would drag an average far above almost everyone.
Where do the figures come from?: How much consumer prices rose over the year, from the consumer price index. Below zero, prices fell. Source: World Bank, 2025. Only independent states are ranked; territories are listed separately. A country’s continent follows Natural Earth; the handful of island states it files under the open ocean are placed by their UN subregion.

Source: World Bank (CC BY 4.0). Figures more than 5 years older than the newest are left out rather than shown beside current ones. Countries sharing a value share a rank. All sources.