The inflation rates were projected to decrease across Asian subregions in 2024 compared to 2023. In South Asia, the rate was forecasted to be approximately 6.3 percent. In Southeast Asia, it was projected at around 3.1 percent, and in East Asia, around 0.9 percent.

Inflation Rate in India decreased to 3.16 percent in April from 3.34 percent in March of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Inflation Rate in the United States decreased to 2.30 percent in April from 2.40 percent in March of 2025. This dataset provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India inflation rate for 2023 was 5.65%, a 1.05% decline from 2022.

<ul style='margin-top:20px;'>

<li>India inflation rate for 2022 was <strong>6.70%</strong>, a <strong>1.57% increase</strong> from 2021.</li>
<li>India inflation rate for 2021 was <strong>5.13%</strong>, a <strong>1.49% decline</strong> from 2020.</li>
<li>India inflation rate for 2020 was <strong>6.62%</strong>, a <strong>2.89% increase</strong> from 2019.</li>
</ul>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.

Pakistan inflation rate for 2023 was 30.77%, a 10.89% increase from 2022.

<ul style='margin-top:20px;'>

<li>Pakistan inflation rate for 2022 was <strong>19.87%</strong>, a <strong>10.38% increase</strong> from 2021.</li>
<li>Pakistan inflation rate for 2021 was <strong>9.50%</strong>, a <strong>0.24% decline</strong> from 2020.</li>
<li>Pakistan inflation rate for 2020 was <strong>9.74%</strong>, a <strong>0.84% decline</strong> from 2019.</li>
</ul>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.

China inflation rate for 2023 was 0.23%, a 1.74% decline from 2022.

<ul style='margin-top:20px;'>

<li>China inflation rate for 2022 was <strong>1.97%</strong>, a <strong>0.99% increase</strong> from 2021.</li>
<li>China inflation rate for 2021 was <strong>0.98%</strong>, a <strong>1.44% decline</strong> from 2020.</li>
<li>China inflation rate for 2020 was <strong>2.42%</strong>, a <strong>0.48% decline</strong> from 2019.</li>
</ul>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.

The consumer price index in May 2025 increased by 0.3 percent compared to the same month of the previous year. Overall, July 2022 was the month and year that registered the highest inflation, with 10.8 percent.

World inflation rate for 2023 was 5.73%, a 2.2% decline from 2022.

<ul style='margin-top:20px;'>

<li>World inflation rate for 2022 was <strong>7.93%</strong>, a <strong>4.46% increase</strong> from 2021.</li>
<li>World inflation rate for 2021 was <strong>3.48%</strong>, a <strong>1.57% increase</strong> from 2020.</li>
<li>World inflation rate for 2020 was <strong>1.91%</strong>, a <strong>0.3% decline</strong> from 2019.</li>
</ul>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 Sweden decreased to 0.20 percent in May from 0.30 percent in April of 2025. This dataset provides - Sweden Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan inflation rate for 2023 was 3.27%, a 0.77% increase from 2022.

<ul style='margin-top:20px;'>

<li>Japan inflation rate for 2022 was <strong>2.50%</strong>, a <strong>2.73% increase</strong> from 2021.</li>
<li>Japan inflation rate for 2021 was <strong>-0.23%</strong>, a <strong>0.21% decline</strong> from 2020.</li>
<li>Japan inflation rate for 2020 was <strong>-0.03%</strong>, a <strong>0.49% decline</strong> from 2019.</li>
</ul>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.

In 2023, the inflation rate in Laos was reported at over 31 percent, the highest in Southeast Asia, with this trend forecasted to continue into 2025. In contrast, Brunei had the lowest inflation rate in the region at about 0.37 percent in 2023, projected to increase to around one percent by 2025.

In 2023, Pakistan's inflation rate was estimated to be just over 29 percent, with projections indicating it would fall to around 9.5 percent by 2025. In contrast, the Maldives had an inflation rate of about 2.6 percent in 2023, which was forecasted to rise to approximately 5.2 percent in 2025.

Norway inflation rate for 2023 was 5.52%, a 0.25% decline from 2022.

<ul style='margin-top:20px;'>

<li>Norway inflation rate for 2022 was <strong>5.76%</strong>, a <strong>2.28% increase</strong> from 2021.</li>
<li>Norway inflation rate for 2021 was <strong>3.48%</strong>, a <strong>2.2% increase</strong> from 2020.</li>
<li>Norway inflation rate for 2020 was <strong>1.29%</strong>, a <strong>0.88% decline</strong> from 2019.</li>
</ul>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.

Portugal inflation rate for 2023 was 4.31%, a 3.52% decline from 2022.

<ul style='margin-top:20px;'>

<li>Portugal inflation rate for 2022 was <strong>7.83%</strong>, a <strong>6.57% increase</strong> from 2021.</li>
<li>Portugal inflation rate for 2021 was <strong>1.27%</strong>, a <strong>1.28% increase</strong> from 2020.</li>
<li>Portugal inflation rate for 2020 was <strong>-0.01%</strong>, a <strong>0.35% decline</strong> from 2019.</li>
</ul>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.

The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

The UK inflation rate was 3.5 percent in April 2025, up from 2.6 percent in the previous month, and the fastest rate of inflation since February 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 communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at -0.3 percent and -0.6 percent respectively.
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.

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.

In 2023, Mongolia's inflation rate reached over 10.3 percent, the highest across East Asia. At 0.23 percent, China had the lowest inflation rate in the subregion that year.

Inflation Rate In the Euro Area decreased to 1.90 percent in May from 2.20 percent in April of 2025. This dataset provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.