San Marino Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
San Marino's inflation rate was 2.04% in 2025, ranked 131st globally. This represents a 64.1% increase from 2024. Data from World Bank, covering 2003–2025.
Overview
San Marino's inflation rate stood at 2.04% in 2025, a rise of +0.80pp from 2024. The IMF projects 2.04% by 2025. San Marino ranked 131st globally.
San Marino's inflation rate has exhibited a relatively stable trajectory over the past 23 years, with fluctuations largely contained within a narrow range. The country experienced a historic low in 2020 when the inflation rate dipped to -0.13%, a rare occurrence for a developed economy. Conversely, the inflation rate peaked at 5.93% in 2023, surpassing the 2.04% recorded in 2025, the latest available data. Compared to its peers, San Marino's inflation rate is comparable to that of Senegal, which shares a similar ranking of #131 globally. The steady inflation rate in San Marino suggests a well-managed economy, albeit with occasional spikes in prices. A sustained economic downturn or a significant increase in global commodity prices could potentially alter this trend, potentially pushing inflation rates upwards and disrupting the country's economic stability.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 2.00% | - | - |
| 2029* IMF | 2.00% | - | - |
| 2028* IMF | 2.00% | - | - |
| 2027* IMF | 2.00% | - | - |
| 2026* IMF | 1.95% | - | - |
| 2025* IMF | 2.04% | - | - |
| 2025 | 2.04% | +0.80pp | #131 |
| 2024 | 1.24% | −4.69pp | #34 |
| 2023 | 5.93% | +0.61pp | #101 |
| 2022 | 5.33% | +3.71pp | #48 |
| 2021 | 1.62% | +1.75pp | #34 |
| 2020 | -0.13% | −0.61pp | #34 |
| 2019 | 0.47% | −0.69pp | #33 |
| 2018 | 1.16% | +0.15pp | #50 |
| 2017 | 1.01% | +0.37pp | #44 |
| 2016 | 0.64% | +0.50pp | #71 |
| 2015 | 0.15% | −0.97pp | #58 |
| 2014 | 1.11% | −0.49pp | #67 |
| 2013 | 1.60% | −1.22pp | #65 |
| 2012 | 2.83% | +0.65pp | #74 |
| 2011 | 2.90% | +0.49pp | #40 |
Detected Pattern
Analysis
San Marino matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
San Marino's inflation rate was 2.04% in 2025. Ranked 131st globally. This represents a 64.1% increase from the previous year.
San Marino's inflation rate peaked at 5.93% in 2023.
The lowest inflation rate in San Marino was -0.13% in 2020.
San Marino ranks 131st globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
San Marino's inflation rate is projected to reach 2.04% by 2025 based on IMF projection.
The inflation rate of San Marino in 2025 was 2.04%. This ranks 131st in the world.
Cite this page
@misc{historysaid_san-marino_inflation-rate,
title = {San Marino Inflation Rate},
url = {https://historysaid.com/san-marino/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}