Inflation Rate in Faroe Islands increased to 7.30 percent in the second quarter of 2022 from 4.40 percent in the first quarter of 2022. It was the highest inflation rate since third quarter of 2008. source: Statistics Faroe Islands
Inflation Rate in Faroe Islands averaged 1.24 percent from 2002 until 2022, reaching an all time high of 7.90 percent in the third quarter of 2008 and a record low of -3.10 percent in the third quarter of 2009. This page provides - Faroe Islands Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Inflation Rate in Faroe Islands is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Inflation Rate is projected to trend around 1.80 percent in 2023, according to our econometric models.