Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

This table shows inflation, derived inflation and underlying inflation rates. Underlying inflation equals the inflation or derived inflation, excluding certain volatile items or series that are affected by factors other than general economic conditions, for example prices of fuel, vegetables, fruit and government taxes. Data available from: January 2006 till December 2015 Status of the figures: The figures in this table are final. Changes as of 16 June 2016: None, this table is stopped. Changes as of 10 December 2015: On 1 October 2015, the points system for the pricing of rental homes was adjusted by the Dutch national government. As a direct consequence, rental prices of a limited number of dwellings were reduced, which had a downward effect on the average rental price. The effect of this decrease on the rental price indices and imputed rent value could not be determined in time because housing associations announced the impact of rent adjustments only in November. For this reason, the figures of the groups 04100 ‘Actual rentals for housing’ and 04200 ‘Imputed rent value’ over October 2015 have now been adjusted. The figures of the groups 061100 ‘Pharmaceutical products’, 061200 ‘Other medical products, equipment’, 072200 ‘Fuels and lubricants’ and 083000 ‘Telephone and internet services’ over the months June through September 2015 have been corrected. This has no impact on the headline indices. The derived CPI decreased by 0.01 index point over August 2015.

In economics, the inflation rate is a measure of the change in price of a basket of goods. The most common measure being the consumer price index. It is the percentage rate of change in price level over time, and also indicates the rate of decrease in the purchasing power of money. The annual rate of inflation for 2023, was 4.1 percent higher in the United States when compared to the previous year. More information on inflation and the consumer price index can be found on our dedicated topic page. Additionally, the monthly rate of inflation in the United States can be accessed here. Inflation and purchasing power Inflation is a key economic indicator, and gives economists and consumers alike a look at changes in prices in the wider economy. For example, if an average pair of socks costs 100 dollars one year and 105 dollars the following year, the inflation rate is five percent. This means the amount of goods an individual can purchase with a unit of currency has decreased. This concept is often referred to as purchasing power. The data presents the average rate of inflation in a year, whereas the monthly measure of inflation measures the change in prices compared with prices one year ago. For example, monthly inflation in the U.S. reached a peak in June 2022 at 9.1 percent. This means that prices were 9.1 percent higher than they were in June of 2021. The purchasing power is the extent to which a person has available funds to make purchases. The Big Mac Index has been published by The Economist since 1986 and exemplifies purchasing power on a global scale, allowing us to see note the differences between different countries currencies. Switzerland for example, has the most expensive Big Mac in the world, costing consumers 6.71 U.S. dollars as of July 2022, whereas a Big Mac cost 5.15 dollars in the United States, and 4.77 dollars in the Euro area. One of the most important tools in influencing the rate of inflation is interest rates. The Federal Reserve of the United States has the capacity to make changes to the federal interest rate . Changes to the rate of inflation are thought to be an imbalance between supply and demand. After COVID-19 related lockdowns came to an end there was a sudden increase in demand for goods and services with consumers having more funds than usual thanks to reduced spending during lockdown and government funded economic support. Additionally, supply-chain related bottlenecks also due to lockdowns around the world and the Russian invasion of Ukraine meant that there was a decrease in the supply of goods and services. By increasing the interest rate, the Federal Reserve aims to reduce spending, and thus bring demand back into balance with supply.

The Consumer Price Index in Liberia increased 0.40 percent in December of 2024 over the previous month. This dataset provides - Liberia Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Inflation Rate in Bosnia and Herzegovina increased to 3.50 percent in February from 3.30 percent in January of 2025. This dataset provides the latest reported value for - Bosnia and Herzegovina Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The German inflation rate has returned to normal levels of around 2.2 percent, based on preliminary figures for 2024. Compared to skyrocketing rates in 2022 and 2023, this can be seen as an improvement of the national economic situation. Various factors influenced the recent development of inflation in Germany. These are the same that pushed inflation levels around the rest of the world, particularly since the beginning of the Russia-Ukraine war in 2022. The most recent recorded annual inflation rate in Germany is within the normal range defined by central banks internationally, which is generally between 1.5 and four percent a year. The 2.2 percent for 2024 are not only noticeably lower than the preceding two years, but also less than in 2021, one of the COVID-19 pandemic lockdown years in Germany. 2022 and 2023 followed on the heels of the challenges posed by the pandemic which were already straining the national economy: supply chain interruptions and delays, transport problems, labor shortages across sectors and industries. These issues continue to partially impact the economy today.

This timeline shows the inflation rate in Afghanistan from 2006 to 2023. In 2023, Afghanistan's average inflation rate amounted to -7.71 percent compared to the previous year. Afghanistan's economy Inflation in Afghanistan has experienced an increase every year with the exception of 2009. Some short-term increases in prices are often attributed to wars, which is a fundamental reason for yearly inflation in Afghanistan. On the other hand, wars often cause spikes in GDP, primarily due to an increased amount of production and reparations. This was not the case for Afghanistan, however. GDP, more specifically GDP per capita, remained relatively low as of 2013, despite increasing annually and ranked as one of the top 20 lowest gross domestic product per capita values in 2013. GDP per capita measures a country’s productivity by using its entire gross domestic product and dividing it by the number of people in the country and is mostly used to compare one nation with another. From an economic standpoint, Afghanistan imported many more goods than they exported, leading to a trade deficit. The country has experienced a trade deficit every year over the past decade, most notably in 2011. Reasons for the ongoing deficit could potentially be the lack of government support for domestic production as well as stiff rules towards marketing. Also, production and transport are likely to suffer due to the war. A trade deficit also implicates that a country borrows more money from other nations in order to sustain and fulfill the needs its economy, along with its citizens.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

Inflation Expectations in Argentina increased to 41.60 percent in February from 41.20 percent in January of 2025. This dataset provides - Argentina Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Uzbekistan increased to 10.13 percent in February from 9.90 percent in January of 2025. This dataset provides - Uzbekistan Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hungary Core Inflation: Same Mth PY=100: sa data was reported at 106.230 Same Mth PY=100 in Feb 2025. This records an increase from the previous number of 105.776 Same Mth PY=100 for Jan 2025. Hungary Core Inflation: Same Mth PY=100: sa data is updated monthly, averaging 103.958 Same Mth PY=100 from Jan 1996 (Median) to Feb 2025, with 350 observations. The data reached an all-time high of 126.260 Same Mth PY=100 in Jan 1996 and a record low of 100.361 Same Mth PY=100 in Apr 2006. Hungary Core Inflation: Same Mth PY=100: sa data remains active status in CEIC and is reported by Hungarian Central Statistical Office. The data is categorized under Global Database’s Hungary – Table HU.I013: Core Inflation: Same Month Previous Year=100.

Graph and download economic data for Producer Price Index by Industry: Management Consulting Services: Primary Services (PCU541610541610P) from Jun 2006 to Feb 2025 about management, primary, services, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Information Technology, Hardware and Services in U.S. City Average (CUSR0000SEEE) from Jan 2006 to Feb 2025 about hardware, information technology, information, urban, consumer, services, CPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Machinery and Equipment: Other Motors and Generators (WPU117311) from Jun 2006 to Feb 2025 about machinery, equipment, commodities, PPI, inflation, price index, indexes, price, and USA.

Core consumer prices in Armenia increased 1.50 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Armenia Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Consumer Price Index for All Urban Wage Earners and Clerical Workers: Information Technology, Hardware and Services in U.S. City Average (CWSR0000SEEE) from Jan 2006 to Feb 2025 about clerical workers, information technology, information, urban, wages, services, CPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Explosives Manufacturing (PCU3259232592) from Dec 2006 to Feb 2025 about explosives, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Inflation, monthly percent change in the CPI in Suriname, January, 2025 The most recent value is 0.55 percent as of January 2025, an increase compared to the previous value of 0.54 percent. Historically, the average for Suriname from February 2006 to January 2025 is 1.44 percent. The minimum of -3.21 percent was recorded in November 2008, while the maximum of 15.55 percent was reached in November 2015. | TheGlobalEconomy.com