71 datasets found
  1. Global inflation rate from 2000 to 2030

    • statista.com
    • tokrwards.com
    • +2more
    Updated Aug 7, 2025
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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/
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    Dataset updated
    Aug 7, 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. T

    Jamaica Inflation Rate MoM

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Jamaica Inflation Rate MoM [Dataset]. https://tradingeconomics.com/jamaica/inflation-rate-mom
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    csv, json, excel, xmlAvailable download formats
    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, 2002 - Aug 31, 2025
    Area covered
    Jamaica
    Description

    The Consumer Price Index in Jamaica increased 0.30 percent in August of 2025 over the previous month. This dataset provides - Jamaica Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  3. T

    Kosovo Inflation Rate MoM

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 3, 2024
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    TRADING ECONOMICS (2024). Kosovo Inflation Rate MoM [Dataset]. https://tradingeconomics.com/kosovo/inflation-rate-mom
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    csv, xml, json, excelAvailable download formats
    Dataset updated
    Oct 3, 2024
    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
    Jun 30, 2002 - Aug 31, 2025
    Area covered
    Kosovo
    Description

    The Consumer Price Index in Kosovo increased 0.50 percent in August of 2025 over the previous month. This dataset provides the latest reported value for - Kosovo Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  4. T

    Denmark Services Inflation

    • es.tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Denmark Services Inflation [Dataset]. https://es.tradingeconomics.com/denmark/services-inflation
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    json, csv, excel, xmlAvailable download formats
    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, 2002 - Aug 31, 2025
    Area covered
    Dinamarca
    Description

    La inflación de servicios en Dinamarca aumentó al 2,80 por ciento en agosto desde el 2,60 por ciento en julio de 2025. Esta página incluye un gráfico con datos históricos sobre la inflación de servicios en Dinamarca.

  5. Inflation rate in Germany 1992-2024

    • statista.com
    • tokrwards.com
    Updated Feb 26, 2025
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    Statista (2025). Inflation rate in Germany 1992-2024 [Dataset]. https://www.statista.com/statistics/262859/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-previous-year/
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    Dataset updated
    Feb 26, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    The German inflation rate has returned to normal levels of around 2.2 percent, based on preliminary figures for 2024. Compared to skyrocketing rates in 2022 and 2023, this can be seen as an improvement of the national economic situation. Various factors influenced the recent development of inflation in Germany. These are the same that pushed inflation levels around the rest of the world, particularly since the beginning of the Russia-Ukraine war in 2022. The most recent recorded annual inflation rate in Germany is within the normal range defined by central banks internationally, which is generally between 1.5 and four percent a year. The 2.2 percent for 2024 are not only noticeably lower than the preceding two years, but also less than in 2021, one of the COVID-19 pandemic lockdown years in Germany. 2022 and 2023 followed on the heels of the challenges posed by the pandemic which were already straining the national economy: supply chain interruptions and delays, transport problems, labor shortages across sectors and industries. These issues continue to partially impact the economy today.

  6. T

    Aruba Food Inflation

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Aug 15, 2025
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    TRADING ECONOMICS (2025). Aruba Food Inflation [Dataset]. https://tradingeconomics.com/aruba/food-inflation
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    excel, xml, json, csvAvailable download formats
    Dataset updated
    Aug 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, 2002 - Aug 31, 2025
    Area covered
    Aruba
    Description

    Cost of food in Aruba increased 0.50 percent in August of 2025 over the same month in the previous year. This dataset provides - Aruba Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  7. F

    Producer Price Index by Commodity: Machinery and Equipment: Agricultural...

    • fred.stlouisfed.org
    json
    Updated Sep 10, 2025
    + more versions
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    (2025). Producer Price Index by Commodity: Machinery and Equipment: Agricultural Machinery and Equipment [Dataset]. https://fred.stlouisfed.org/series/WPU1114
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    jsonAvailable download formats
    Dataset updated
    Sep 10, 2025
    License

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

    Description

    Graph and download economic data for Producer Price Index by Commodity: Machinery and Equipment: Agricultural Machinery and Equipment (WPU1114) from Dec 2002 to Aug 2025 about agriculture, machinery, equipment, commodities, PPI, inflation, price index, indexes, price, and USA.

  8. T

    Guatemala Core Inflation Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 3, 2010
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    TRADING ECONOMICS (2010). Guatemala Core Inflation Rate [Dataset]. https://tradingeconomics.com/guatemala/core-inflation-rate
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    json, xml, csv, excelAvailable download formats
    Dataset updated
    Sep 3, 2010
    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, 2002 - Aug 31, 2025
    Area covered
    Guatemala
    Description

    Core consumer prices in Guatemala increased 3.69 percent in August of 2025 over the same month in the previous year. This dataset provides - Guatemala Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  9. J

    Jamaica Inflation, monthly percent change in the CPI, August, 2025 - data,...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 15, 2025
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    Globalen LLC (2025). Jamaica Inflation, monthly percent change in the CPI, August, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Jamaica/inflation_monthly/
    Explore at:
    csv, excel, xmlAvailable download formats
    Dataset updated
    Aug 15, 2025
    Dataset authored and provided by
    Globalen LLC
    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, 2002 - Aug 31, 2025
    Area covered
    Jamaica
    Description

    Inflation, monthly percent change in the CPI in Jamaica, August, 2025 The most recent value is 0.28 percent as of August 2025, a decline compared to the previous value of 0.35 percent. Historically, the average for Jamaica from February 2002 to August 2025 is 0.64 percent. The minimum of -1.56 percent was recorded in January 2021, while the maximum of 3.29 percent was reached in October 2004. | TheGlobalEconomy.com

  10. Average inflation rate in Macau 2002-2030

    • statista.com
    • tokrwards.com
    Updated Jun 18, 2025
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    Statista (2025). Average inflation rate in Macau 2002-2030 [Dataset]. https://www.statista.com/statistics/1122398/inflation-rate-in-macao/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Macao
    Description

    The average inflation rate in Macau was about 0.74 percent in 2024. Between 2002 and 2024, the inflation rose by approximately 3.38 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The inflation will steadily rise by around 1.45 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

  11. A

    Armenia Inflation Target

    • ceicdata.com
    Updated Mar 15, 2023
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    CEICdata.com (2023). Armenia Inflation Target [Dataset]. https://www.ceicdata.com/en/armenia/consumer-price-index-inflation-target/inflation-target
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    Dataset updated
    Mar 15, 2023
    Dataset provided by
    CEICdata.com
    License

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

    Time period covered
    Dec 1, 2014 - Dec 1, 2025
    Area covered
    Armenia
    Variables measured
    Consumer Prices
    Description

    Armenia Inflation Target data was reported at 3.000 % in 2025. This records a decrease from the previous number of 4.000 % for 2024. Armenia Inflation Target data is updated yearly, averaging 4.000 % from Dec 2002 (Median) to 2025, with 24 observations. The data reached an all-time high of 4.000 % in 2024 and a record low of 3.000 % in 2025. Armenia Inflation Target data remains active status in CEIC and is reported by Central Bank of Armenia. The data is categorized under Global Database’s Armenia – Table AM.I001: Consumer Price Index: Inflation Target.

  12. M

    Moldova Inflation, monthly percent change in the CPI, August, 2025 - data,...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 15, 2025
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    Globalen LLC (2025). Moldova Inflation, monthly percent change in the CPI, August, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Moldova/inflation_monthly/
    Explore at:
    csv, excel, xmlAvailable download formats
    Dataset updated
    Aug 15, 2025
    Dataset authored and provided by
    Globalen LLC
    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, 1994 - Aug 31, 2025
    Area covered
    Moldova
    Description

    Inflation, monthly percent change in the CPI in Moldova, August, 2025 The most recent value is -0.36 percent as of August 2025, a decline compared to the previous value of 0.02 percent. Historically, the average for Moldova from February 1994 to August 2025 is 0.98 percent. The minimum of -3.4 percent was recorded in June 2002, while the maximum of 21.6 percent was reached in February 1994. | TheGlobalEconomy.com

  13. R

    Russia CPI: Prev Dec=100: Far East Federal District: Non Food: Metal Ware

    • ceicdata.com
    + more versions
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    CEICdata.com, Russia CPI: Prev Dec=100: Far East Federal District: Non Food: Metal Ware [Dataset]. https://www.ceicdata.com/en/russia/consumer-price-index-far-east-federal-district
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    Dataset provided by
    CEICdata.com
    License

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

    Time period covered
    Feb 1, 2024 - Jan 1, 2025
    Area covered
    Russia
    Variables measured
    Consumer Prices
    Description

    CPI: Prev Dec=100: Far East Federal District: Non Food: Metal Ware data was reported at 100.590 Prev Dec=100 in Feb 2025. This records a decrease from the previous number of 100.610 Prev Dec=100 for Jan 2025. CPI: Prev Dec=100: Far East Federal District: Non Food: Metal Ware data is updated monthly, averaging 103.275 Prev Dec=100 from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 114.720 Prev Dec=100 in Dec 2002 and a record low of 99.570 Prev Dec=100 in Jan 2011. CPI: Prev Dec=100: Far East Federal District: Non Food: Metal Ware data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IB099: Consumer Price Index: Far East Federal District.

  14. C

    Canada CPI: All Items excl Mortgage Interest Cost

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Canada CPI: All Items excl Mortgage Interest Cost [Dataset]. https://www.ceicdata.com/en/canada/core-inflation-index/cpi-all-items-excl-mortgage-interest-cost
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

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

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    Canada
    Variables measured
    Consumer Prices
    Description

    Canada Consumer Price Index (CPI): All Items excl Mortgage Interest Cost data was reported at 163.200 2002=100 in Mar 2025. This records an increase from the previous number of 162.600 2002=100 for Feb 2025. Canada Consumer Price Index (CPI): All Items excl Mortgage Interest Cost data is updated monthly, averaging 106.000 2002=100 from Dec 1984 (Median) to Mar 2025, with 484 observations. The data reached an all-time high of 163.200 2002=100 in Mar 2025 and a record low of 60.200 2002=100 in Dec 1984. Canada Consumer Price Index (CPI): All Items excl Mortgage Interest Cost data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index.

  15. F

    Producer Price Index by Industry: Portfolio Management and Investment...

    • fred.stlouisfed.org
    json
    Updated Sep 10, 2025
    + more versions
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    (2025). Producer Price Index by Industry: Portfolio Management and Investment Advice: Investment Advice [Dataset]. https://fred.stlouisfed.org/series/PCU523930523930P
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 10, 2025
    License

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

    Description

    Graph and download economic data for Producer Price Index by Industry: Portfolio Management and Investment Advice: Investment Advice (PCU523930523930P) from Jun 2002 to Aug 2025 about primary, investment, services, PPI, industry, inflation, price index, indexes, price, and USA.

  16. C

    Canada Consumer Price Index: Core

    • ceicdata.com
    Updated Jan 16, 2018
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    CEICdata.com (2018). Canada Consumer Price Index: Core [Dataset]. https://www.ceicdata.com/en/canada/core-inflation-index/consumer-price-index-core
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    Dataset updated
    Jan 16, 2018
    Dataset provided by
    CEICdata.com
    License

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

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    Canada
    Variables measured
    Consumer Prices
    Description

    Canada Consumer Price Index (CPI): Core data was reported at 157.700 2002=100 in Mar 2025. This records an increase from the previous number of 157.600 2002=100 for Feb 2025. Canada Consumer Price Index (CPI): Core data is updated monthly, averaging 104.000 2002=100 from Jan 1984 (Median) to Mar 2025, with 495 observations. The data reached an all-time high of 157.700 2002=100 in Mar 2025 and a record low of 61.700 2002=100 in Jan 1984. Canada Consumer Price Index (CPI): Core data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index. All-items excluding eight of the most volatile components as defined by the Bank of Canada and excluding the effect of changes in indirect taxes.

  17. C

    Canada Consumer Price Index: All Items excl Energy

    • ceicdata.com
    Updated Aug 6, 2020
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    CEICdata.com (2020). Canada Consumer Price Index: All Items excl Energy [Dataset]. https://www.ceicdata.com/en/canada/core-inflation-index/consumer-price-index-all-items-excl-energy
    Explore at:
    Dataset updated
    Aug 6, 2020
    Dataset provided by
    CEICdata.com
    License

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

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    Canada
    Variables measured
    Consumer Prices
    Description

    Canada Consumer Price Index (CPI): All Items excl Energy data was reported at 160.300 2002=100 in Mar 2025. This records an increase from the previous number of 159.600 2002=100 for Feb 2025. Canada Consumer Price Index (CPI): All Items excl Energy data is updated monthly, averaging 92.000 2002=100 from Jan 1971 (Median) to Mar 2025, with 651 observations. The data reached an all-time high of 160.300 2002=100 in Mar 2025 and a record low of 21.300 2002=100 in Mar 1971. Canada Consumer Price Index (CPI): All Items excl Energy data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index.

  18. Consumer Price Index, annual average, not seasonally adjusted

    • www150.statcan.gc.ca
    • datasets.ai
    • +3more
    Updated Jan 21, 2025
    + more versions
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    Government of Canada, Statistics Canada (2025). Consumer Price Index, annual average, not seasonally adjusted [Dataset]. http://doi.org/10.25318/1810000501-eng
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    Dataset updated
    Jan 21, 2025
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

    Annual indexes for major components and special aggregates of the Consumer Price Index (CPI), for Canada, provinces, Whitehorse, Yellowknife and Iqaluit. Data are presented for the last five years. The base year for the index is 2002=100.

  19. Inflation rate in Mexico 2030

    • statista.com
    • tokrwards.com
    • +1more
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    Statista, Inflation rate in Mexico 2030 [Dataset]. https://www.statista.com/statistics/275414/inflation-rate-in-mexico/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Mexico
    Description

    The statistic depicts the average inflation rate in Mexico from 1987 to 2024, with projections up until 2030. The inflation rate measures price changes for a fixed basket of goods which includes a representative selection of goods and services. In 2024, Mexico's average inflation rate was around 4.72 percent compared to the previous year. Mexico’s economy Mexico’s gross domestic product (GDP) has been increasing slightly over the last decade, however, its national debt still amounts to almost half of its GDP. The majority of Mexico’s GDP is yielded by the services sector, as a look at the distribution of gross domestic product in Mexico by sector shows. More than 60 percent of GDP are generated in this sector; the majority of the Mexican workforce is employed in services. One important contributor to Mexico’s GDP is tourism. The total unemployment rate in Mexico took a turn for the worse during the recession of 2008 and is still to bounce back to previous levels. Mexico’s main export and import partner is the United States which accounts for approximately half of the value of both. Thus, the trade balance of goods in Mexico, showing the value of exports minus the value of imports, is heavily dependant on the United States. For the past decade, Mexico’s trade balance has run at a deficit of more than 10 billion US dollars. The trade balance of services sector in Mexico has also been in the red with a deficit of more than 6 percent since the recession and higher than 9 percent since 2011. Mexico is also one of the largest drug exporting countries worldwide. Specific trade figures are not available, however, Mexico is among the top countries for opium cultivation based on acreage, and thousands of illegal poppy fields, processed into opium, have been destroyed in Mexico year after year.

  20. C

    Canada Consumer Price Index: sa: All Items excl Food

    • ceicdata.com
    Updated Aug 6, 2020
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    CEICdata.com (2020). Canada Consumer Price Index: sa: All Items excl Food [Dataset]. https://www.ceicdata.com/en/canada/core-inflation-index/consumer-price-index-sa-all-items-excl-food
    Explore at:
    Dataset updated
    Aug 6, 2020
    Dataset provided by
    CEICdata.com
    License

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

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    Canada
    Variables measured
    Consumer Prices
    Description

    Canada Consumer Price Index (CPI): sa: All Items excl Food data was reported at 158.100 2002=100 in Mar 2025. This records a decrease from the previous number of 158.600 2002=100 for Feb 2025. Canada Consumer Price Index (CPI): sa: All Items excl Food data is updated monthly, averaging 112.700 2002=100 from Jan 1992 (Median) to Mar 2025, with 399 observations. The data reached an all-time high of 158.600 2002=100 in Feb 2025 and a record low of 83.300 2002=100 in Jan 1992. Canada Consumer Price Index (CPI): sa: All Items excl Food data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index.

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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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50 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Aug 7, 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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