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 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 January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

Laos LA: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 1.852 % in 2017. This records a decrease from the previous number of 3.023 % for 2016. Laos LA: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 10.690 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 127.974 % in 1999 and a record low of -2.932 % in 2009. Laos LA: 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 Laos – Table LA.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;

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.

Congo, The Democratic Republic of the CD: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 41.686 % in 2017. This records an increase from the previous number of 4.349 % for 2016. Congo, The Democratic Republic of the CD: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 31.719 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 26,765.858 % in 1994 and a record low of -2.837 % in 1970. Congo, The Democratic Republic of the CD: 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 Democratic Republic of Congo – Table CD.World Bank: 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;

Mexico MX: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 6.133 % in 2017. This records an increase from the previous number of 5.379 % for 2016. Mexico MX: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 7.962 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 142.836 % in 1987 and a record low of 1.023 % in 1968. Mexico MX: 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 Mexico – Table MX.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;

Monaco MC: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 5.303 % in 2023. This records an increase from the previous number of 3.221 % for 2022. Monaco MC: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 2.363 % from Dec 1971 (Median) to 2023, with 53 observations. The data reached an all-time high of 13.657 % in 1975 and a record low of -0.241 % in 2004. Monaco MC: 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 Monaco – Table MC.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;

United States US: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 1.799 % in 2017. This records an increase from the previous number of 1.276 % for 2016. United States US: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 2.379 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 9.336 % in 1981 and a record low of 0.759 % in 2009. United States US: 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 United States – Table US.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;

Marshall Islands MH: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 0.020 % in 2017. This records a decrease from the previous number of 6.207 % for 2016. Marshall Islands MH: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 2.867 % from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 7.378 % in 1982 and a record low of -3.293 % in 2014. Marshall Islands MH: 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 Marshall Islands – Table MH.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;

San Marino Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 1.115 % in 2017. This records an increase from the previous number of 0.653 % for 2016. San Marino Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 1.772 % from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 3.845 % in 2009 and a record low of -0.420 % in 2010. San Marino 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 San Marino – Table SM.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;

Mali ML: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 1.543 % in 2017. This records an increase from the previous number of 1.530 % for 2016. Mali ML: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 4.663 % from Dec 1968 (Median) to 2017, with 50 observations. The data reached an all-time high of 39.562 % in 1994 and a record low of -7.594 % in 2003. Mali ML: 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 Mali – Table ML.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;

Trinidad and Tobago TT: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 3.039 % in 2017. This records an increase from the previous number of 1.634 % for 2016. Trinidad and Tobago TT: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 4.303 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 57.512 % in 1974 and a record low of -27.633 % in 2009. Trinidad and Tobago TT: 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 Trinidad and Tobago – Table TT.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;

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;

Brazil BR: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 4.659 % in 2023. This records a decrease from the previous number of 8.570 % for 2022. Brazil BR: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 20.052 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 2,736.971 % in 1990 and a record low of 3.671 % in 2017. Brazil BR: 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 Brazil – Table BR.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;

Burundi BI: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 11.376 % in 2023. This records a decrease from the previous number of 18.332 % for 2022. Burundi BI: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 7.953 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 38.945 % in 2000 and a record low of -6.063 % in 1981. Burundi BI: 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 Burundi – Table BI.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;

Finland FI: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 0.932 % in 2017. This records an increase from the previous number of 0.791 % for 2016. Finland FI: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 4.196 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 22.071 % in 1974 and a record low of -0.100 % in 1996. Finland FI: 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 Finland – Table FI.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;

ST: Inflation: GDP Deflator data was reported at 4.723 % in 2017. This records a decrease from the previous number of 8.051 % for 2016. ST: Inflation: GDP Deflator data is updated yearly, averaging 11.755 % from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 30.460 % in 2008 and a record low of 4.189 % in 2015. ST: Inflation: GDP Deflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sao Tome and Principe – Table ST.World Bank: 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;

Greenland GL: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at -0.218 % in 2016. This records a decrease from the previous number of 6.131 % for 2015. Greenland GL: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 3.787 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 16.426 % in 1975 and a record low of -3.229 % in 2005. Greenland GL: 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 Greenland – Table GL.World Bank: 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;

Uzbekistan UZ: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 18.969 % in 2017. This records an increase from the previous number of 7.377 % for 2016. Uzbekistan UZ: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 22.520 % from Dec 1988 (Median) to 2017, with 30 observations. The data reached an all-time high of 1,238.595 % in 1994 and a record low of -1.307 % in 1988. Uzbekistan UZ: 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 Uzbekistan – Table UZ.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;