Global Inflation and Interest Rate Tracker: See How Your Country Compares

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Central banks around the world are expected to cut borrowing costs as global inflation declines from decade-long highs reached in many countries in the past two years.

Some institutions, particularly in emerging markets, have already started cutting rates, but many more are expected to follow suit this year, including the U.S. Federal Reserve, the European Central Bank and the Bank of England.

FT’s global inflation and interest rate tracker provides a regularly updated visual representation of consumer price inflation and central bank interest rates around the world.

This page looks at the factors that influence policymakers’ decisions about borrowing costs and shows how central banks responded to rising prices with a synchronized increase in interest rates.

Higher borrowing costs have helped temper the rapid price growth that swept the world over the past three years amid the pandemic and war in Ukraine.

While inflation has peaked in most countries, many policymakers have warned that the final stretch toward central banks’ target – which is 2 percent in most advanced economies – will be the most difficult.

This site allows you to monitor inflation and interest rates in most individual countries.

This page also tracks metrics that are closely watched to identify signs of how inflation and interest rates may move in the coming months.

The latest figures for the world’s largest economies show inflation remains high in some countries, except for food and energy, a key measure of underlying price pressures.

Wholesale energy prices are a timely measure of the pricing pressures consumers may face in the coming months.

Rising energy prices have been the main driver of inflation in many countries in recent years, but gas and electricity costs have now fallen from their peaks during the energy crisis that erupted after Russia invaded Ukraine.

This page also tracks two-year Treasury yields, which are heavily influenced by market expectations of interest rates over that period.

Another cause for concern was asset prices, particularly houses. Home costs rose sharply in many countries during the pandemic, but high mortgage rates have led to a significant slowdown in house price growth in a number of countries.