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 2025, Venezuela had the highest inflation rate worldwide, with prices increasing by almost 270 percent compared with the previous year. South Sudan had the second-highest rate of inflation at 97.5 percent, followed by Zimbabwe at 89 percent, and Sudan at 87.2 percent. 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.

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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.

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, ********* was predicted to have the highest inflation rate of the countries included here both in 2023, 2024, and 2025. However, Turkey's inflation rate was estimated to reach ***** percent by 2027. On the other hand, ******* inflation rate was ********* to only reach **** percent in 2027.

Countries with Highest Inflation. Inflation Rate data for 187 countries worldwide, covering 1960 to 2026. Sourced from World Bank, IMF, and other official statistics.

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.

The average for 2024 based on 155 countries was 6 percent. The highest value was in Turkey: 58.5 percent and the lowest value was in Afghanistan: -6.6 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Of the major developed and emerging economies, China and France had the lowest inflation rates, at *** an***** percent in January 2026. On the other end of the spectrum, the inflation rate in Russia stood at * percent. The country's inflation rate increased sharply after the country's President, Vladimir Putin, decided to invade Ukraine, declined somewhat in 2023, before increasing slowly again. The rate of inflation reflects changes in the cost of a specified basket containing a representative selection of goods and services. It is derived from the consumer price index (CPI).

The average for 2025 based on 184 countries was 7.08 percent. The highest value was in Venezuela: 254.35 percent and the lowest value was in Switzerland: 0.24 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

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.

Graph and download economic data for Inflation, consumer prices for High Income Countries (FPCPITOTLZGHIC) from 1981 to 2024 about consumer prices, consumer, income, and inflation.

In January 2026, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2025. In January 2026, Russia maintained the highest interest rate at ** percent, while Japan retained the lowest at **** percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. Sweden had the lowest inflation rate at *** percent in October 2023. In contrast, Russia maintained a high inflation rate of *** percent. These figures align with broader trends observed in late 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from **** percent in September 2019 to *** percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2024 and 2025.

Inflation Rate in Turkey increased to 31.53 percent in February from 30.65 percent in January of 2026. 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.

Under "Worldwide Inflation Based Database'' there are 4 sheets. Among them, the two are of data-sheets and the rest of the two are chart-typed sheets. However, between the two of the datasheets, one’s name is "Worldwide Inflation Rate in 2022”. Noted that this datasheet's table name is " Worldwide Inflation Rate in 2022''. Moreover, under this data table, there are three fields (“Country"; " Inflation rate-year over year"; "Date"), three columns, and, 185 rows. Also, each row contains 3 cells, and so, 185 rows contain 555 cells. And also, each column contains 185 cells, so, 3 columns contain 555 cells. In addition to, focusing on the two fields' ("Country", "Inflation rate-year over year") data of the datasheet.

"Inflation Rate of Countries" named "Line" type-based chart has been made. On this chart, “Country” field values are on the horizontal axis. Whereas, “Inflation rate-year over year” field values are on the vertical axis. However, the chart shows that Zimbabwe’s highest raking inflation, and its rate is 269%, and also, its time-scale continuity is up to on 22 October,2022. On the other hand, the negative scale of the inflation rate is in South Sudan which rate is -2.50, also, its time-scale is up to on 22 August,2022.

Basically, the chart has been made following “Data Shorting Descending Process’’, and, operating focused on the field (“Inflation rate-year over year’’) ‘s data.

And, another data sheet’s table name is “COUNTRY WISE INFLATION RTAE-2’’. This table contains two fields( “Country’’; “Inflation rate-year over year’’; ), 2 columns, 185 rows. Also, each row contain two cells, and so, 185 rows contain 370 cells. Whereas, each column contains 185 cells, and so, 2 columns contain 370 cells. However, on the basis of this datasheet, “Ascending typed Shorting Process” has been operated after the accomplishment of “Filtering” process. On the basis of it, “Inflation rate- year over year’’ named “line-type” chart has been created. On this chart, “Country” named field values are on horizontal axis, whereas, “Inflation rate-year over year “ named field values are on the vertical axis.

Be that as it may, the chart shows that South Sudan’s inflation rate is on the lower negative scale. In the opposite side, Lebanon’s inflation rate is at the highest level after Zimbabwe.

In 2025, among the provided continents or regions, North America had the lowest inflation rate at 2.8 percent. 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 fewer unnecessary products, cut down on waste, and buy more discounted items in order to save costs. Changing consumer behaviors 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, over 50 percent of Americans and over one-third of British consumers said inflation had a considerable impact on their holiday shopping. By generation, the Millennial generation has suffered the most due to rising inflation, while older generations have experienced less serious impacts.

This dataset enlists the details about annual inflation percentage of most countries in the world by consumer prices from 1960 through 2018. Indicator Name as per the World Bank for this dataset is "Inflation, consumer prices (annual %)" and its code is "FP.CPI.TOTL.ZG".

In 2024, only two Latin American or Caribbean country registered deflation in their average consumer prices. St Lucia and Costa Rica had the lowest change compared to the previous year with -0.45 and -0.41 percent, respectively. In contrast, the average inflation rate in Argentina amounted to about 219.89 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.

The average for 2025 based on 20 countries was 18.78 percent. The highest value was in Venezuela: 254.35 percent and the lowest value was in Panama: 0.7 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

Overview

This dataset provides a comprehensive collection of annual inflation rates (year-over-year % change in Consumer Price Index / CPI) for all 12 post-Soviet countries spanning 1991–2025. It captures one of the most economically turbulent periods in modern history: the collapse of the Soviet Union, the transition to market economies, and the emergence of the Commonwealth of Independent States (CIS).

Dataset Contents

35 years of historical data covering:

• Russia
• Ukraine
• Belarus
• Kazakhstan
• Uzbekistan
• Tajikistan
• Kyrgyzstan
• Turkmenistan
• Moldova
• Georgia
• Armenia
• Azerbaijan

Historical Context & Significance

1991–1999: Hyperinflation Era

The early transition period was marked by extreme inflation as countries implemented shock-therapy reforms and liberalized prices. Notable extremes:

• Georgia: 7,426% (1995) — highest recorded inflation in the dataset
• Turkmenistan: 3,104% (1992)
• Armenia: 5,273% (1994–1995)
• Belarus: 1,988% (1992–1993)
• Russia: 2,509% (1992)

These rates reflect institutional collapse, currency instability, and the immediate aftermath of USSR dissolution.

2000–2009: Stabilization Phase

Following the 1998 financial crisis, inflation declined dramatically across the region. Central banks implemented monetary targeting and inflation control mechanisms. Most countries reached single-digit to mid-teen inflation rates by 2009.

2010–2025: Modern Period

Most countries maintained inflation within 3–8% annually. Notable exceptions:

• Ukraine: 49.4% (2024) — geopolitical impact and military conflict
• Russia: 11.94% (2023) — international sanctions and economic measures
• Kyrgyzstan: 1.1% (2023) — lowest inflation in the dataset

Data Quality & Sources

Primary sources:

• Trading Economics
• IMF
• World Bank
• National statistical agencies

Completeness:

• Complete (1991–2025): Russia, Belarus, Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan, Georgia, Armenia, Azerbaijan
• Ukraine: 1997–2025 (data availability constraints)
• Moldova: 1993–2025 (post-independence data)

Use Cases

Academic & Research

• Transition economies and structural transformation
• Effects of macroeconomic shock therapy
• Monetary policy effectiveness under differing institutions
• Time-series forecasting and econometric modeling

Financial Analysis

• Historical volatility for currency trading
• Long-term purchasing power parity (PPP) analysis
• Central bank policy evaluation
• Emerging-market investment decision support

Data Science & Machine Learning

• Training data for inflation forecasting models
• Anomaly detection in economic time-series
• Clustering of economic trajectories
• Feature engineering for economic indicators

Policy & Development

• Comparative institutional analysis
• Failed vs. successful transition strategies
• Long-term development tracking
• Central bank credibility assessment

Methodology Notes

• Inflation metric: YoY % change in CPI
• Aggregation: Annual averages from monthly CPI where available
• Missing values: Marked as NaN where unavailable
• Format: CSV (comma-separated values) for broad compatibility

Key Observations

• Convergence pattern: Inflation converged to the 2–8% range across most countries by 2010
• Extreme volatility: 1991–2000 shows 50–100× variation within countries between minimum and maximum years
• Geographic patterns: South Caucasus (Georgia, Armenia, Azerbaijan) experienced more severe hyperinflation than many Slavic states
• Institutional differences: Stricter monetary frameworks (e.g., Kazakhstan, Kyrgyzstan) stabilized faster
• Recent divergence: 2020–2025 shows renewed divergence driven by geopolitics and varying policy responses to global shocks

Inflation rates rose all around the world in 2022, including in the G7 countries, where inflation rates varied from 2.5 percent in Japan to over 8 percent in Italy. This global rise in inflation was largely driven by Russia's invasion of Ukraine in February that year. Especially, gas and electricity were hit by price increases following the outbreak of the Russia-Ukraine war. Inflation rates fell across all G7 economies in 2024, then rose again in 2025 in Japan, the United Kingdom, and Italy.