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The World Economy at the Beginning of 1998

Table A.3. Developed economies: consumer price inflation, 1988-1998a
(Annual percentage change)

  1988 1989 1990 1991 1992 1993 1994 1995 1996 1997b 1998c
                       
All developed economies 3.1 4.3 4.9 4.3 3.2 2.7 2.3 2.3 2.2 2.0 2   
                       
Major industrialized countries 2.9 4.2 4.7 4.1 3.0 2.5 2.1 2.1 2.2 2.0 2   
                       
  Canada 4.0 5.1 4.7 5.6 1.5 1.9 0.2 2.2 1.5 1.8 2   
  France 2.8 3.4 3.4 3.2 2.4 2.1 1.7 1.7 2.1 1.3 1.25
  Germany 1.2 2.8 2.7 3.6 5.1 4.4 2.7 1.9 1.5 1.8 2   
  Italy 5.1 6.2 6.5 6.3 5.1 4.5 4.0 5.3 3.9 2.1 2.5
  Japan 0.7 2.2 3.1 3.3 1.7 1.2 0.7 -0.1 0.2 1.3 0.5
  United Kingdom 4.8 7.8 9.5 5.9 3.7 1.6 2.5 3.4 2.5 2.9 3.25
  United States 4.0 4.9 5.4 4.2 3.1 2.7 2.6 2.8 3.2 2.4 2.5
                       
Other industrialized countries 4.2 5.3 6.3 5.5 4.2 3.9 3.3 3.4 2.6 1.9 2.5
                       
  Australia 7.3 7.5 7.3 3.2 1.0 1.8 1.9 4.7 2.6 0.6 3.25
                       
  Austria 1.9 2.5 3.3 3.3 4.1 3.6 3.0 2.3 1.8 1.6 2   
  Belgium 1.2 3.1 3.4 3.2 2.4 2.7 2.4 1.4 2.1 1.7 2   
  Denmark 4.6 4.7 2.7 2.4 2.1 1.3 2.0 2.0 2.2 2.3 2.5
  Finland 5.1 6.6 6.2 4.1 2.6 2.2 1.1 0.9 0.6 1.1 2   
  Greece 13.5 13.8 20.3 19.5 15.8 14.5 10.9 8.9 8.2 5.8 5   
  Iceland 25.8 20.8 15.5 6.8 3.9 4.1 1.6 1.6 2.3 2.2 2.5
  Ireland 2.2 4.1 3.3 3.2 3.1 1.4 2.3 2.5 1.7 1.3 1.5
  Malta 0.9 0.8 3.0 2.5 1.7 4.1 4.2 4.0 2.6 2.8 3.5
  Netherlands 0.8 1.0 2.5 3.1 3.2 2.6 2.8 2.0 2.1 2.2 2.75
  New Zealand 6.4 5.7 6.0 2.6 1.0 1.4 1.7 3.8 2.6 1.7 2   
  Norway 6.7 4.5 4.2 3.4 2.3 2.3 1.5 2.5 1.2 2.7 3.25
  Portugal 9.5 12.6 13.4 11.4 8.9 6.8 4.9 4.1 3.2 2.3 2.75
  Spain 4.8 6.8 6.7 5.9 6.0 4.6 4.8 4.6 3.6 2.0 2.5
  Sweden 5.7 6.5 10.5 9.3 2.3 4.7 2.2 2.5 0.5 0.8 2.25
  Switzerland 1.9 3.2 5.4 5.8 4.1 3.4 0.8 1.8 0.9 0.6 1.25
                       
Memo items:                      
Western Europe 3.2 4.7 5.3 4.9 4.3 3.6 3.0 3.0 2.4 2.0 2.25
  European Union (15) 3.2 4.8 5.3 4.9 4.4 3.6 3.0 3.0 2.5 2.0 2.25
  Other 3.3 3.5 5.0 5.1 3.6 3.0 1.0 2.0 1.0 1.2 2   

Source: UN/DESA, based on data of IMF, International Financial Statistics.

a Data for country groups are weighted averages, where weights for each year are consumption expenditure for the year valued at 1993 prices and exchange rates.
b Preliminary estimates.
c Forecasts, partly based on Project LINK. | Search | Parliament  | Governments | Regions | Issues


Copyright © United Nations
Department of Economic and Social Affairs
Comments and suggestions: esa@un.org
29 December 1997