100+ datasets found
  1. Global inflation rate from 2000 to 2030

    • statista.com
    • abripper.com
    Updated Nov 19, 2025
    + more versions
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    Statista (2025). Global inflation rate from 2000 to 2030 [Dataset]. https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/
    Explore at:
    Dataset updated
    Nov 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 2025
    Area covered
    Worldwide
    Description

    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.

  2. Global Inflation rate (1960-present)

    • kaggle.com
    zip
    Updated Feb 4, 2025
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    Frederick Salazar Sanchez (2025). Global Inflation rate (1960-present) [Dataset]. https://www.kaggle.com/datasets/fredericksalazar/global-inflation-rate-1960-present
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    zip(169451 bytes)Available download formats
    Dataset updated
    Feb 4, 2025
    Authors
    Frederick Salazar Sanchez
    License

    Attribution-NonCommercial-ShareAlike 4.0 (CC BY-NC-SA 4.0)https://creativecommons.org/licenses/by-nc-sa/4.0/
    License information was derived automatically

    Description

    Please, if you use this dataset or do you like my work please UPVOTE 👁️

    This dataset provides a comprehensive historical record of inflation rates worldwide, covering the period from 1960 to the present. It includes inflation data at the national level for multiple countries and territories, making it a valuable resource for economic analysis, financial forecasting, and macroeconomic research.

    Data Source: https://datos.bancomundial.org/indicador/FP.CPI.TOTL.ZG?end=2023&start=1960&view=chart

    Key Features:

    ✅ Global Coverage – Inflation rates for countries across all continents.

    ✅ Long-Term Data – Over 60 years of historical records, ideal for trend analysis.

    ✅ Regional Classification – Data categorized by region, sub-region, and intermediate region for in-depth geographic analysis.

    ✅ Standardized Indicators – Based on CPI (Consumer Price Index) inflation rates from reputable sources.

    Potential Use Cases:

    📊 Economic Research – Analyze inflation trends and economic cycles.

    📈 Financial Forecasting – Predict future inflation and its impact on global markets.

    🌍 Policy & Development Studies – Examine regional disparities and economic policies.

    📚 Machine Learning Applications – Train predictive models using historical inflation trends.

    This dataset is an essential tool for economists, data scientists, and financial analysts looking to explore global inflation patterns and their implications on economic stability.

  3. T

    United States Core Inflation Rate

    • tradingeconomics.com
    • id.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 24, 2025
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    TRADING ECONOMICS (2025). United States Core Inflation Rate [Dataset]. https://tradingeconomics.com/united-states/core-inflation-rate
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Oct 24, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 28, 1957 - Sep 30, 2025
    Area covered
    United States
    Description

    Core consumer prices in the United States increased 3 percent in September of 2025 over the same month in the previous year. This dataset provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  4. y

    US Inflation Rate

    • ycharts.com
    html
    Updated Oct 24, 2025
    + more versions
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    Bureau of Labor Statistics (2025). US Inflation Rate [Dataset]. https://ycharts.com/indicators/us_inflation_rate
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    htmlAvailable download formats
    Dataset updated
    Oct 24, 2025
    Dataset provided by
    YCharts
    Authors
    Bureau of Labor Statistics
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Jan 31, 1914 - Sep 30, 2025
    Area covered
    United States
    Variables measured
    US Inflation Rate
    Description

    View monthly updates and historical trends for US Inflation Rate. from United States. Source: Bureau of Labor Statistics. Track economic data with YCharts…

  5. T

    Nigeria Inflation Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 15, 2025
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    TRADING ECONOMICS (2025). Nigeria Inflation Rate [Dataset]. https://tradingeconomics.com/nigeria/inflation-cpi
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    xml, excel, json, csvAvailable download formats
    Dataset updated
    Sep 15, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1996 - Oct 31, 2025
    Area covered
    Nigeria
    Description

    Inflation Rate in Nigeria decreased to 16.05 percent in October from 18.02 percent in September of 2025. This dataset provides - Nigeria Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  6. T

    India Inflation Rate

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 12, 2025
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    TRADING ECONOMICS (2025). India Inflation Rate [Dataset]. https://tradingeconomics.com/india/inflation-cpi
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    csv, xml, excel, jsonAvailable download formats
    Dataset updated
    Nov 12, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 2012 - Oct 31, 2025
    Area covered
    India
    Description

    Inflation Rate in India decreased to 0.25 percent in October from 1.44 percent in September of 2025. This dataset provides - India Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  7. Inflation rate in the UK 2015-2025

    • statista.com
    Updated Oct 24, 2025
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    Statista (2025). Inflation rate in the UK 2015-2025 [Dataset]. https://www.statista.com/statistics/306648/inflation-rate-consumer-price-index-cpi-united-kingdom-uk/
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    Dataset updated
    Oct 24, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2015 - Aug 2025
    Area covered
    United Kingdom
    Description

    The UK inflation rate was 3.8 percent in September 2025, unchanged from the previous two months, and the fastest rate of inflation since January 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 education sector, at 7.5 percent, with prices increasing at the slowest rate in the clothing and footwear sector. 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.

  8. HICP - inflation rate

    • ec.europa.eu
    • db.nomics.world
    Updated Oct 10, 2025
    + more versions
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    Eurostat (2025). HICP - inflation rate [Dataset]. http://doi.org/10.2908/TEC00118
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    tsv, application/vnd.sdmx.data+xml;version=3.0.0, application/vnd.sdmx.data+csv;version=1.0.0, application/vnd.sdmx.data+csv;version=2.0.0, application/vnd.sdmx.genericdata+xml;version=2.1, jsonAvailable download formats
    Dataset updated
    Oct 10, 2025
    Dataset authored and provided by
    Eurostathttps://ec.europa.eu/eurostat
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2013 - 2024
    Area covered
    Denmark, Türkiye, Spain, Switzerland, Netherlands, Croatia, Latvia, Liechtenstein, Italy, United Kingdom
    Description

    Harmonised Indices of Consumer Prices (HICPs) are designed for international comparisons of consumer price inflation. HICP is used for example by the European Central Bank for monitoring of inflation in the Economic and Monetary Union and for the assessment of inflation convergence as required under Article 121 of the Treaty of Amsterdam. For the U.S. and Japan national consumer price indices are used in the table.

  9. F

    Inflation, consumer prices for the United States

    • fred.stlouisfed.org
    json
    Updated Apr 16, 2025
    + more versions
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    (2025). Inflation, consumer prices for the United States [Dataset]. https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Apr 16, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    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.

  10. T

    Japan Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 20, 2025
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    TRADING ECONOMICS (2025). Japan Inflation Rate [Dataset]. https://tradingeconomics.com/japan/inflation-cpi
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Nov 20, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1958 - Oct 31, 2025
    Area covered
    Japan
    Description

    Inflation Rate in Japan increased to 3 percent in October from 2.90 percent in September of 2025. This dataset provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  11. T

    Turkey Inflation Rate

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 3, 2025
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    TRADING ECONOMICS (2025). Turkey Inflation Rate [Dataset]. https://tradingeconomics.com/turkey/inflation-cpi
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Sep 3, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1965 - Oct 31, 2025
    Area covered
    Türkiye
    Description

    Inflation Rate in Turkey decreased to 32.87 percent in October from 33.29 percent in September 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.

  12. 💲 🎢 Countries by Inflation rate of 2022

    • kaggle.com
    zip
    Updated Sep 15, 2023
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    meer atif magsi (2023). 💲 🎢 Countries by Inflation rate of 2022 [Dataset]. https://www.kaggle.com/datasets/meeratif/inflation-2022
    Explore at:
    zip(1903 bytes)Available download formats
    Dataset updated
    Sep 15, 2023
    Authors
    meer atif magsi
    Description

    Context:

    Inflation is a critical economic indicator that reflects the overall increase in prices of goods and services within an economy over a specific period. Understanding inflation trends on a global scale is crucial for economists, policymakers, investors, and businesses. This dataset provides comprehensive insights into the inflation rates of various countries for the year 2022. The data is sourced from reputable international organizations and government reports, making it a valuable resource for economic analysis and research.

    Content:

    This dataset includes four essential columns:

    1.**Countries:** The names of countries for which inflation data is recorded. Each row represents a specific country.

    2.**Inflation, 2022:** The inflation rate for each country in the year 2022. Inflation rates are typically expressed as a percentage and indicate the average increase in prices for that year.

    3.**Global Rank:** The rank of each country based on its inflation rate in 2022. Countries with the highest inflation rates will have a lower rank, while those with lower inflation rates will have a higher rank.

    4.**Available Data:** A binary indicator (Yes/No) denoting whether complete and reliable data for inflation in 2022 is available for a particular country. This column helps users identify the data quality and coverage.

    Potential Use Cases:

    -**Economic Analysis:** Researchers and economists can use this dataset to analyze inflation trends globally, identify countries with high or low inflation rates, and make comparisons across regions.

    -**Investment Decisions:** Investors and financial analysts can incorporate inflation data into their risk assessments and investment strategies.

    -**Business Planning:** Companies operating in multiple countries can assess the impact of inflation on their costs and pricing strategies, helping them make informed decisions.

    Data Accuracy: Efforts have been made to ensure the accuracy and reliability of the data; however, users are encouraged to cross-reference this dataset with official sources for critical decision-making processes.

    Updates: This dataset will be periodically updated to include the latest available inflation data, making it an ongoing resource for tracking global inflation trends.

    Acknowledgments: We would like to express our gratitude to the numerous agencies and organizations that collect and publish inflation data, contributing to the transparency and understanding of economic conditions worldwide.

    License: This dataset is provided under an open data license, allowing users to freely use and share the data while adhering to the specified licensing terms.

    Feel free to adapt and expand upon this template to create a comprehensive and informative dataset description for your Kaggle publication on global inflation rates for 2022.

  13. Annual inflation rate worldwide 2000-2023, by region or continent

    • statista.com
    Updated Apr 16, 2024
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    Statista (2024). Annual inflation rate worldwide 2000-2023, by region or continent [Dataset]. https://www.statista.com/statistics/1325670/inflation-rate-continent/
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    Dataset updated
    Apr 16, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    The inflation rate for both Africa, the Middle East, and Latin America and the Caribbean reached more than 12 percent in 2023. Among the provided continents or regions, Asia and the Pacific had the lowest inflation rate that year. Consumer prices increased around the world following the COVID-19 pandemic and the Russian invasion of Ukraine. Inflation and food security Increases in food costs are one of the most prominent impacts of inflation globally. In the United Kingdom, for example, consumers have indicated that they have worried more about food costs in 2023 than in previous years. Meanwhile, in Canada, only a small fraction of survey respondents have said that inflation has had little impact on household food costs. Consumers have responded to rising food costs through various coping mechanisms. For example, Italian consumers have indicated that they purchase less unnecessary products, cut down on waste, and buy more discounted items in order to save costs. Changing consumer behvaiors Outside of food consumption, consumers have changed their purchasing behaviors with other types of goods and services. Surveying has indicated that nearly 60 percent of consumers have adjusted their shopping habits due to inflation. When holiday shopping in 2023, over 50 percent of Americans and over one third of British consumers said inflation had considerable impact on their holiday shopping. By generation, the Millenial generation has suffered the most due to rising inflation, while older generations have experienced less serious impacts.

  14. F

    5-Year Breakeven Inflation Rate

    • fred.stlouisfed.org
    json
    Updated Nov 28, 2025
    + more versions
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    (2025). 5-Year Breakeven Inflation Rate [Dataset]. https://fred.stlouisfed.org/series/T5YIE
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Nov 28, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for 5-Year Breakeven Inflation Rate (T5YIE) from 2003-01-02 to 2025-11-28 about spread, 5-year, interest rate, interest, inflation, rate, and USA.

  15. Consumer price inflation tables

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Oct 22, 2025
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    Office for National Statistics (2025). Consumer price inflation tables [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflation
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    xlsxAvailable download formats
    Dataset updated
    Oct 22, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Measures of monthly UK inflation data including CPIH, CPI and RPI. These tables complement the consumer price inflation time series dataset.

  16. Inflation Nowcasting

    • clevelandfed.org
    json
    Updated Mar 10, 2017
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    Federal Reserve Bank of Cleveland (2017). Inflation Nowcasting [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Mar 10, 2017
    Dataset authored and provided by
    Federal Reserve Bank of Clevelandhttps://www.clevelandfed.org/
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    The Federal Reserve Bank of Cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the Consumer Price Index (CPI). These nowcasts give a sense of where inflation is today. Released each business day.

  17. F

    Consumer Price Index for All Urban Consumers: All Items Less Food and Energy...

    • fred.stlouisfed.org
    json
    Updated Oct 24, 2025
    + more versions
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    (2025). Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/CPILFESL
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Oct 24, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average (CPILFESL) from Jan 1957 to Sep 2025 about core, headline figure, all items, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

  18. Consumer price inflation time series

    • ons.gov.uk
    • cy.ons.gov.uk
    csdb, csv, xlsx
    Updated Nov 19, 2025
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    Office for National Statistics (2025). Consumer price inflation time series [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceindices
    Explore at:
    csv, csdb, xlsxAvailable download formats
    Dataset updated
    Nov 19, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Comprehensive database of time series covering measures of inflation data for the UK including CPIH, CPI and RPI.

  19. Inflation Nowcasting Monthly Year-Over-Year

    • clevelandfed.org
    Updated Mar 10, 2017
    + more versions
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    Federal Reserve Bank of Cleveland (2017). Inflation Nowcasting Monthly Year-Over-Year [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting
    Explore at:
    Dataset updated
    Mar 10, 2017
    Dataset authored and provided by
    Federal Reserve Bank of Clevelandhttps://www.clevelandfed.org/
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Inflation Nowcasting Monthly Year-Over-Year is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

  20. Inflation Forecasting Dataset

    • kaggle.com
    zip
    Updated Sep 20, 2025
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    Jesus Gaud (2025). Inflation Forecasting Dataset [Dataset]. https://www.kaggle.com/datasets/jesusgaud/inflation-forecasting-dataset
    Explore at:
    zip(11660 bytes)Available download formats
    Dataset updated
    Sep 20, 2025
    Authors
    Jesus Gaud
    License

    MIT Licensehttps://opensource.org/licenses/MIT
    License information was derived automatically

    Description

    This dataset provides a comprehensive collection of monthly U.S. macroeconomic indicators spanning January 2000 to December 2024.

    It was designed specifically for machine learning-based inflation forecasting and includes key economic factors historically associated with inflation trends:

    • Consumer Price Index (CPI) & Inflation Rate
    • Unemployment Rate
    • Federal Funds Rate
    • M2 Money Supply
    • Crude Oil Prices (WTI)
    • Producer Price Index (PPI)

    Primary Goal: Build predictive models to forecast year-over-year inflation rates

    Possible Use Cases:

    • Forecasting inflation using machine learning models like XGBoost, Random Forest, or LSTM.
    • Studying relationships between macroeconomic factors and inflationary pressure.
    • Comparing classical econometric approaches with modern AI-based forecasting techniques.

    Structure: Each CSV contains a Date column and corresponding metric values, making it easy to merge and align data for analysis.

    License: MIT License – free to use for research and educational purposes.

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Statista (2025). Global inflation rate from 2000 to 2030 [Dataset]. https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/
Organization logo

Global inflation rate from 2000 to 2030

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56 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Nov 19, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Apr 2025
Area covered
Worldwide
Description

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.

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