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.

Here 3 DataSet for a complete overview of the economy of the country you are interested in.

Big Mac Index, Inflation forecast and Average Salary

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Big Mac Index

The Big Mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP). By diverting the average national Big Mac prices to U.S. dollars, the same goods can be informally compared. So when the price of a burger is considered, the economic value of all these factors is accounted for. Thus, comparing the prices of similar burgers in two countries reflects a region’s cost of living and affordability. This is the theory behind Burgernomics.

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Inflation forecast

Inflation forecast is measured in terms of the consumer price index (CPI) or harmonised index of consumer prices (HICP) for euro area countries, the euro area aggregate and the United Kingdom. Inflation measures the general evolution of prices. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. Projections are based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. The indicator is expressed in annual growth rates.

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Average Salary (income)

The average salary is calculated based on reported salaries of respondents. The average salary definition is to add the salaries in the sample together, then divide by the number of respondents. The result is the average salary for everyone surveyed.

Consumer Price Index CPI in Pakistan increased to 281.78 points in November from 280.66 points in October of 2025. This dataset provides - Pakistan Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.