Inflation, consumer prices (annual %) in World was reported at 3.0145 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The global inflation rate reached almost nine percent in 2022 amid the COVID-19 pandemic and Russia and invasion of Ukraine. The inflation was particularly high in emerging and developing economies, where it reached almost 10 percent that year. Global inflation is expected to slow somewhat until 2025.

The average for 2024 based on 155 countries was 6 percent. The highest value was in Turkey: 58.5 percent and the lowest value was in Afghanistan: -6.6 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The rate of inflation in the table is the percent change in the Consumer Price Index from the previous month. We show the monthly inflation in the last month with reported data as well as three months ago and one year ago. The numbers are updated on a daily basis as new data become available from the national authorities. The inflation rate can fluctuate significantly from one month to another. You may want to look at the annual inflation rate for a longer-term perspective.

2022 and 2023 were characterized by leaping inflation rates. These were caused by a multiple of factors, but post-corona (COVID-19) challenges and the Russian invasion of Ukraine in February that year had a major impact. However, the inflation rates in all countries included were forecast to stabilize through 2022 and 2023. More information about global inflation can be found here.

Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2024 about consumer, CPI, inflation, price index, indexes, price, and USA.

2022 and 2023 saw inflation rates rise all over the world, especially spurred by effects of the COVID-19 pandemic and Russia's invasion of Ukraine. With its hyperinflation, ********* was predicted to have the highest inflation rate of the countries included here both in 2023, 2024, and 2025. On the other hand, ******* inflation rate was estimated to only reach *** percent in 2024.

Context

I wanted to build a project on global inflation but decided to work on something else. But I wanted to open-source the data I found.

Content

Each row contains the yearly inflation rate as determined by either author research or the World Bank for the country in question. There are columns tagged for the latest five-year mean of the data, as well as country code and language-specific translations of inflation to be able to localize Google Trends in each country based on a two-letter country code Google accepts (Alpha-2 Country Code).

Acknowledgements

Thank you to Google Trends for capturing this information, and the World Bank for compiling yearly inflation rates.

Inspiration

Is inflation increasing around the world? Can Google Trends predict inflationary pressures in certain countries? Can we infer a Phillips Curve, and determine which countries have which monetary policy objectives?

The annual monthly inflation rate in the Organization for Economic Co-Operation and Development (OECD) increased steadily from February 2021 to October 2022, when the inflation rate reached 10.7 percent compared to the same month the previous year. However, it has been slowing slightly since, dropping to 5.4 percent as of July 2024. The world saw rising inflation through 2022 and 2023, driven by an aftermath of the COVID-19 pandemic and further spurred by Russia's invasion of Ukraine in February 2022.

The UK inflation rate was 3.8 percent in August 2025, unchanged from the previous month, and the fastest rate of inflation since January 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the education sector, at 7.5 percent, with prices increasing at the slowest rate in the clothing and footwear sector. The Cost of Living Crisis High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. In December 2024, for example, 56 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July, but far lower than at the height of the crisis in 2022. After global energy prices spiraled that year, the UK's energy price cap increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23. Global inflation crisis causes rapid surge in prices The UK's high inflation, and cost of living crisis in 2022 had its origins in the COVID-19 pandemic. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.

Inflation Rate: 12 Months Expectation: Average data was reported at 7.000 % in Apr 2025. This records an increase from the previous number of 6.000 % for Mar 2025. Inflation Rate: 12 Months Expectation: Average data is updated monthly, averaging 4.800 % from Aug 1987 (Median) to Apr 2025, with 453 observations. The data reached an all-time high of 7.900 % in Jun 2022 and a record low of 3.600 % in Oct 1995. Inflation Rate: 12 Months Expectation: Average data remains active status in CEIC and is reported by The Conference Board. The data is categorized under Global Database’s United States – Table US.H050: Consumer Confidence Index: Inflation Rate Expectation. [COVID-19-IMPACT]

Graph and download economic data for Inflation, consumer prices for High Income Countries (FPCPITOTLZGHIC) from 2002 to 2024 about consumer prices, consumer, income, and inflation.

Inflation Rate in Japan increased to 2.90 percent in September from 2.70 percent in August of 2025. This dataset provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset provides values for CORE INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

IBISWorld examines the potentially significant effects of a global recession on domestic industries, businesses and consumers.

Japan JP: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at -0.215 % in 2017. This records a decrease from the previous number of 0.274 % for 2016. Japan JP: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 1.612 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 22.973 % in 1970 and a record low of -1.895 % in 2010. Japan JP: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

SCE: Distribution of 5 Year Ahead Expected Inflation Rate: Less Than 0% data was reported at 28.374 % in Apr 2025. This records an increase from the previous number of 22.061 % for Mar 2025. SCE: Distribution of 5 Year Ahead Expected Inflation Rate: Less Than 0% data is updated monthly, averaging 21.942 % from Jan 2022 (Median) to Apr 2025, with 40 observations. The data reached an all-time high of 30.233 % in Jun 2022 and a record low of 15.468 % in Feb 2024. SCE: Distribution of 5 Year Ahead Expected Inflation Rate: Less Than 0% data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.H078: Survey of Consumer Expectations: Inflation.

Inflation Rate in Brazil increased to 5.17 percent in September from 5.13 percent in August of 2025. This dataset provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.