Inflation rates by country and year

-0.1%1.4%2.9%4.4%5.9%
-0.1%1.4%2.9%4.4%5.9%
20041.4%
20141.1%
20252.3%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate2.3%

Behind the curve

Turning points in San Marino

  1. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    San Marino, which uses the euro, imports most of its goods, so the 2007–08 global price surge fed into domestic prices.

    Central Bank of the Republic of San Marino
  2. 2020↓ Downward pressure

    The pandemic recession — Wikipedia (opens in a new tab)

    The pandemic cut activity, easing inflation in 2020.

    Central Bank of the Republic of San Marino
  3. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global food and energy prices lifted San Marino's inflation in 2022.

    Central Bank of the Republic of San Marino

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in San Marino?

The annual inflation rate in San Marino was 2.3% in 2025, the most recent year in the World Bank dataset. That means prices rose 2.3% on average compared with the year before. Use the chart above to explore San Marino's full inflation history from 2004 to 2025, and to compare it with any other country.

How inflation in San Marino has changed

Inflation in San Marino peaked at 5.9% in 2023 and reached its lowest point at -0.1% in 2020. Averaged across the 22 years of available data (2004–2025), the rate has been 2.0% per year.

Frequently asked questions about inflation in San Marino

What is the current inflation rate in San Marino?

The latest available annual figure is 2.3% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by San Marino's statistical office.

What was the highest inflation rate in San Marino?

The highest annual inflation rate on record is 5.9%, reached in 2023.

What was the lowest inflation rate in San Marino?

The lowest annual inflation rate on record is -0.1%, recorded in 2020.

Where does the inflation data for San Marino come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.