At the end of 2023, Zimbabwe had the highest inflation rate in the world, at 667.36 percent change compared to the previous year. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central banking system, which in turn results in the manipulation of currency to achieve short term economic goals. Thus, interest rates increase while the general economic situation remains constant. In more developed economies and in the prime emerging markets, the inflation rate does not fluctuate as sporadically. Additionally, the majority of countries that maintained the lowest inflation rate compared to previous years are primarily oil producers or small island independent states. These countries experienced deflation, which occurs when the inflation rate falls below zero; this may happen for a variety of factors, such as a shift in supply or demand of goods and services, or an outflow of capital.

Due to the recent hyperinflation crisis in Venezuela, the average inflation rate in Venezuela is estimated to be around 225 percent in 2026. However, this is well below the peak of 63,000 percent observed in 2018.What is hyperinflation?In short, hyperinflation is a very high inflation rate that accelerates quickly. It can be caused by a government printing huge amounts of new money to pay for its expenses. The subsequent rapid increase of prices causes the country’s currency to lose value and shortages in goods to occur. People then typically start hoarding goods, which become even more scarce and expensive, money becomes worthless, financial institutions go bankrupt, and eventually, the country’s economy collapses. The Venezuelan descent into hyperinflationIn Venezuela, the economic catastrophe began with government price controls and plummeting oil prices, which caused state-run oil companies to go bankrupt. The government then starting printing new money to cope, thus prices rose rapidly, unemployment increased, and GDP collapsed, all of which was exacerbated by international sanctions. Today, many Venezuelans are emigrating to find work and supplies elsewhere, and population growth is at a decade-low. Current president Nicolás Maduro does not seem inclined to steer away from his course of price controls and economic mismanagement, so the standard of living in the country is not expected to improve significantly anytime soon.

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

In 2023, no Latin American or Caribbean country registered deflation in their average consumer prices. Costa Rica had the lowest change compared to the previous year with 0.52 percent. In contrast, the average inflation rate in Venezuela amounted to about 337.46 percent.

Latin America among the highest inflation rates in the world In 2023, the average inflation rate of the region was around 14.41 percent. Which is significantly higher than the global average of 6.78 percent. Some of that is explained by countries such as Venezuela, Argentina, and Suriname ranking in the top then of countries with the highest inflation rate in the world.

Chronic inflation in Latin America Chronic inflation is often defined as persistent high inflation throughout a long time. Some of the common examples of this problem are Venezuela and Argentina, both countries had episodes of hyperinflation, with price increases considerably over 50 percent per month in both cases. The last few years, the global crisis and economic sanctions, attenuated the situation with Argentina reaching once again three-digit inflation and Venezuela exceeding 63,000 percent inflation in 2019.

When inflation occurs in a country, the value of the currency decreases. That means that the purchasing power consumers have with a fixed amount of money decreases. Wages, especially lower and middle class wages, usually increase at a MUCH slower rate than prices of consumer goods; so consumers are likely to make the same wage, but are not able to buy the same amount of goods and services. Consumers in countries with hyperinflation suffer greatly because of this economic phenomenon.

Data was downloaded from: Link

For notes/metadata regarding the definition, measurement, or data collection for a certain country or group can be found by downloading the excel file from the linked webpage.

Original data provider: International Monetary Fund, World Development Indicators. License : CC BY-4.0.

INDICATOR_CODE: FP.CPI.TOTL.ZG

INDICATOR_NAME: Inflation, consumer prices (annual %)

SOURCE_NOTE: 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.

Years included: 1960-2016

The following countries have no values for any year:

• Somalia

• Puerto Rico

• Guam

• US Virgin Islands

The dataset also conains some records that refer to groups of countries, which may be useful for those with no recorded values. Some of those groups are:

• Fragile and conflict affected situations

• Heavily indebted poor countries (HIPC)

• Caribbean small states

• Latin America & Caribbean (excluding high income)

• Latin America & the Caribbean (IDA & IBRD countries)

• East Asia & Pacific (excluding high income)

• East Asia & Pacific (IDA & IBRD countries)

• Least developed countries: UN classification

• Middle East & North Africa (IDA & IBRD countries)

If this data is being used for the Kiva Crowdfunding Data Science for Good event; The following countries (as they are named in this dataset), are named slightly differently in the Kiva dataset (to the best of my knowledge). For example, West Bank in Gaza is referred to as Palestine in the Kiva Dataset.

• Congo, Dem. Rep.

• Congo, Rep.

• Kyrgyz Republic

• Lao PDR

• Myanmar

• West Bank and Gaza

• St. Vincent and the Grenadines

• Virgin Islands (U.S.)

• Yemen, Rep.

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

Following years of high inflation around the world, people in most countries believe that inflation will be higher in 2025 than in 2024. Sweden and Argentina were the only two countries where less than half of the respondents believed that inflation would be higher, with Argentina coming from a period of hyperinflation.

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, Argentina was predicted to have the highest inflation rate of the countries included here both in 2023, 2024, and 2025. On the other hand, China's inflation rate was estimated to only reach one percent in 2024.

Inflation Rate in Argentina decreased to 47.30 percent in April from 55.90 percent in March of 2025. This dataset provides the latest reported value for - Argentina Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Zimbabwe had the highest inflation in Africa as of 2023. The rate reached roughly 172 percent when compared to the previous year, according to the source's estimates. This was followed by Sudan, with a rate increase of over 71 percent. Inflationary pressures in the country have been driven by a long-running economic crisis and political instability. By the end of 2021, the already fragile Sudanese economy suffered again when military forces took control of the government. With a

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.

In 2023 and through 2024, the world saw inflation rates increase amid, among other things, post-COVID-19 effects and the Russia-Ukraine war. Argentina and Turkey were both plagued by hyperinflation, with over 219 and 58 percent in 2024, respectively. Except for these, Russia had the highest inflation rate, at nearly eight percent. On the other hand, China had the lowest rate of the countries included here, at 0.2 percent. Argentinian inflation crisis During the 2020s, Argentina was struck by extreme levels of inflation, which severely impacted the livelihoods of Argentinians. Specifically, the costs of goods have presented numerous challenges to Argentinian consumers. In Argentina, a basic food basket that costs around 26,000 Argentinian pesos cost over 100,000 by February 2024. Similarly, a basic consumer goods basket that cost around 57,000 Argentinian pesos in February 2023 rose to over 220,000 by February 2024. While these rising costs have been challenging for consumers, Argentina’s inflation rate is expected to decrease beginning in 2024 and is estimated to reach 8.9% by 2029.

British recession Besides the outliers of Argentina and Turkey, the United Kingdom had a comparatively high CPI rate. As of 2024, the British economy has entered a recession, the only G7 country to do so. Just before the general election held in July 2024, British voters indicated that health, mostly the lack of financial support and staff shortages, as well as the economy was the most important issue to them.

Inflation Rate in Turkey decreased to 35.41 percent in May from 37.86 percent in April of 2025. This dataset provides the latest reported value for - Turkey Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Iraq inflation rate for 2022 was 4.99%, a 1.05% decline from 2021.

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

<li>Iraq inflation rate for 2021 was <strong>6.04%</strong>, a <strong>5.47% increase</strong> from 2020.</li>
<li>Iraq inflation rate for 2020 was <strong>0.57%</strong>, a <strong>0.77% increase</strong> from 2019.</li>
<li>Iraq inflation rate for 2019 was <strong>-0.20%</strong>, a <strong>0.57% decline</strong> from 2018.</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 August 2024, the global consumer price index, excluding the United States, stood at 187.7, compared to 160.1 for the U.S. The data for the world and emerging economies are distorted by hyperinflation in Venezuela and may not accurately reflect the inflation rate of other countries. However, Russia's war in Ukraine caused a surge in prices globally through 2022 and 2023. The headline consumer price index tracks the changes in the price level of a basket of goods and services purchased by households. Economic challenges in Argentina While CPI increases have been significant globally, certain economies have experienced more dramatic increases than others. Argentina is a notable case of these increases, as the CPI has increased more than 100 percent between 2020 and 2023. Currently, most of the Argentinian public considers inflation and low wages to be the biggest challenges facing the country. Consumer responses to price increases Globally, consumers are coping with price increases in many ways. In a May 2023 survey, 68 percent respondents from over 14 countries indicated they were more conscious about prices than previously. In another survey from earlier that year, over 40 percent of respondents indicated they were most concerned about inflation and had changed their consumption habits as a result.

Nigeria’s inflation has been higher than the average for African and Sub-Saharan countries for years now, and even exceeded 16 percent in 2017 – and a real, significant decrease is nowhere in sight. The bigger problem is its unsteadiness, however: An inflation rate that is bouncing all over the place, like this one, is usually a sign of a struggling economy, causing prices to fluctuate, and unemployment and poverty to increase. Nigeria’s economy - a so-called “mixed economy”, which means the market economy is at least in part regulated by the state – is not entirely in bad shape, though. More than half of its GDP is generated by the services sector, namely telecommunications and finances, and the country derives a significant share of its state revenues from oil.

Because it got high

To simplify: When the inflation rate rises, so do prices, and consequently banks raise their interest rates as well to cope and maintain their profit margin. Higher interest rates often cause unemployment to rise. In certain scenarios, rising prices can also mean more panicky spending and consumption among end users, causing debt and poverty. The extreme version of this is called hyperinflation: A rapid increase of prices that is out of control and leads to bankruptcies en masse, devaluation of money and subsequently a currency reform, among other things. But does that mean that low inflation is better? Maybe, but only to a certain degree; the ECB, for example, aspires to maintain an inflation rate of about two percent so as to keep the economy stable. As soon as we reach deflation territory, however, things are starting to look grim again. The best course is a stable inflation rate, to avoid uncertainty and rash actions.

Nigeria today

Nigeria is one of the countries with the largest populations worldwide and also the largest economy in Africa, with its economy growing rapidly after a slump in the aforementioned year 2017. It is slated to be one of the countries with the highest economic growth over the next few decades. Demographic key indicators, like infant mortality rate, fertility rate, and the median age of the population, all point towards a bright future. Additionally, the country seems to make big leaps forward in manufacturing and technological developments, and boasts huge natural resources, including natural gas. All in all, Nigeria and its inflation seem to be on the upswing – or on the path to stabilization, as it were.

Ecomomic and Social Statistics of World War II in Southeast Asia

This project draws on archival material and uses economic theory and an historical, strongly comparative, approach to analyse the consequences of the Second World War Japanese occupation for the economies and welfare of the peoples of Southeast Asia. The region's six countries of Burma, Malaya (including Singapore), Thailand (Siam), Indochina (Vietnam, Cambodia and Laos) and the Philippines had markedly contrasting wartime experiences.

One main aim of the project is to quantify wherever possible the differing impacts of Japan's occupation. Second, the project aims to link the pre- and post-1945 economic histories of Southeast Asia and contribute to an understanding of each in light of the events of the Second World War. Specific topics for investigation include the impact on Southeast Asia of Japanese command and planned economic systems, the effectiveness of these policies in achieving resource extraction, trends in Southeast Asian production and GDP, and inflation and hyperinflation resulting from Japan's methods of financing war in Southeast Asia. The project examines for each Southeast Asian country the social costs of wartime economic collapse and traces a chronology of mass death from famine and forced labour in many parts of Southeast Asia. An important contribution of the project is to direct attention towards the populations of non-combatant countries which, although not militarily involved in war, were profoundly affected by it.

Inflation in Zimbabwe rose to 10.61 percent in 2018, and is projected to jump dramatically to 736.11 percent in 2024. After that, estimates predict a slow decline for now - however, given Zimbabwe’s history of poor monetary policy, including one of the worst instances of hyperinflation, this seems unrealistic. Inflation history Inflation depends significantly on economic expectations of it, making it hard to reduce inflation once it has hit higher levels. This happened in Zimbabwe in the years approaching 2008, at the end of which a single U.S. dollar was worth over 2.6 trillion Zimbabwe dollars, up from 10,000 Zimbabwe dollars at the start of 2005. This all but destroyed Zimbabwe’s economy, leading to very low gross domestic product (GDP) per capita and a government struggling to finance itself. The way ahead In 2009, the Zimbabwean dollar had twelve zeros slashed from the banknotes. This was not enough, and after three decades of rule, former Zimbabwean president Robert Mugabe was removed from power at the end of 2017. Citizens of the country are trying to hold foreign banknotes; they prefer U.S. dollars or euros, but the South African rand is more common. However, the rand’s performance against other currencies has been lackluster in recent years. This underscores the struggle that the Zimbabwean people have to find a stable currency at the moment.

According to this statistic, the average inflation rate in Venezuela is approximately 180 percent in 2025.Fluctuating rise between 1980 and 2025Between 1980 and 2025 a total increase by approximately 158.64 percentage points can be observed. The data emphasizes however that this increase did not happen continuously.Continuous rise between 2025 and 2026The inflation will lie at roughly 225 percent in 2026, according to forecasts. This indicates an overall increase by approximately 45 percentage points since 2025. This growth reflects a steady upward trend.This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.

Inflation Rate in Russia decreased to 10.20 percent in April from 10.30 percent in March of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.