Inflation and interest rates tracker: see how your country compares

The Financial Times’ global inflation and interest‑rates tracker now offers an interactive, regularly updated view of consumer‑price inflation and central‑bank policy rates for most countries, allowing users to compare current figures, historical trends and the key drivers behind monetary‑policy decisions. The tool highlights that many central banks are beginning to cut borrowing costs as global inflation eases from the multi‑decade highs recorded after the pandemic, though policymakers warn that reaching the typical 2 percent target in advanced economies will be the toughest final stretch. Users can select up to three nations to juxtapose consumer‑price index data and policy‑rate movements, with the charts refreshed after each national statistical release and central‑bank decision.

The tracker underscores that the post‑pandemic surge in inflation was sparked by supply‑chain disruptions and soaring energy prices after Russia’s invasion of Ukraine, which pushed price growth well above target levels worldwide. While core inflation—excluding volatile food and energy components—remains elevated in many G7 economies, the recent decline in gas and electricity costs has begun to temper overall price pressures. This backdrop explains why central banks, after initially raising rates to curb the rapid price rise, are now entering a new cycle of rate reductions, aiming to balance the need for lower borrowing costs against the risk of reigniting inflation.

Additional insights from the platform show that higher borrowing costs had previously helped slow the pandemic‑driven price surge, but the resulting high mortgage rates also dampened house‑price growth as home‑price inflation stalled in several countries. The tracker also links 2‑year government‑bond yields to market expectations of future interest rates, illustrating how financial markets price the evolving policy landscape. By continuously updating these data points, the FT’s tracker provides policymakers, investors and the public with a clear, comparative picture of how inflation and monetary policy are evolving across the globe.

⚡ Effects Interpreter