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.

Of the major developed and emerging economies, China was the only one to register deflation at **** percent in September 2025. 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 since. 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).

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.

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.

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.

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.

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.

Inflation rates rose all around the world in 2022, so also in the G7 countries, where inflation rates varied from 2.5 percent in Japan to over 8 percent in Italy. Inflation rates increased sharply all around the world through 2022, spurred 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 were falling in all G7 economies in 2024.

In September 2025, 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 2024. In September 2025, Russia maintained the highest interest rate at 17 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 percent. These figures align with broader trends observed in early 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 0 percent in January 2022 to 4.5 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 2025 and 2026.

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.

Context

Understanding global economic dynamics, specifically the trends in inflation rates, is paramount for policymakers, economists, and researchers. This dataset, covering the years 1980 to 2024, offers a comprehensive perspective on inflation across various countries. The primary focus is on dissecting the data based on country-specific indicators, providing valuable insights into the multifaceted factors influencing economic environments on a global scale.

Content

The dataset comprises crucial columns including country name, indicator type, and annual average inflation rates from 1980 to 2024. This extensive collection of information facilitates detailed analysis and correlation studies, enabling researchers to uncover patterns and trends. By examining the nuanced relationships between country-specific indicators and inflation rates, valuable conclusions can be drawn about the complexities of global economic dynamics over the years. This dataset serves as a valuable resource for anyone seeking to delve into the intricacies of inflation trends and their implications across diverse nations.

Dataset Structure:

This dataset (global_inflation_data.csv) covering from 1980 to 2024 consists of the following columns:

Acknowledgment

The primary dataset was retrieved from the World Bank. I sincerely thank the team for providing the core data used in this dataset.

© Image credit: Freepik

Argentina had the highest annual inflation rate of G20 member countries as of April 2024, reaching an annual average of *** percent. The Latin American country has struggled with high inflation over several years. Elsewhere, the inflation rate in Turkey reached almost ** percent, while it was lowest in China at *** percent.

Inflation is characterized by a steady rise in the aggregate level of prices in an economy - put into simpler words, it is the rise in all prices in the economy, rather than just in specific prices for goods or services (such as when there is a shortage in a particular good). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In August 2025, the inflation rate in Türkiye (previously known as Turkey) was 33 percent compared to the same month of the previous year, making it one of the countries in the world with the highest inflation rate.

50 years+ of historical inflaction, interest and unemployment rates by country

data source: https://data.worldbank.org cover image credit: https://www.pexels.com/photo/one-dollar-bill-3943739/

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.

This dataset provides values for INFLATION RATE MOM reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides annual inflation rates for various countries and regions from 1974 to 2019. It includes information on specific years, inflation percentages, and corresponding country or region codes. The data is useful for analyzing economic trends, comparing inflation rates across regions, and understanding the historical impact of inflation on global economies.

In 2023, the inflation rate in Laos was reported at over ** percent, the highest in Southeast Asia, with this trend forecasted to continue into 2025. In contrast, Brunei had the lowest inflation rate in the region at about **** percent in 2023, projected to increase to around *** percent by 2025.

The average for 2025 based on 12 countries was 27.46 percent. The highest value was in Venezuela: 254.35 percent and the lowest value was in Peru: 2.04 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.

The rate at which prices for goods and services are generally rising and, as a result, currency's purchasing power is declining is known as inflation. Central banks attempt to limit inflation—and avoid deflation—in order to keep the economy running smoothly. Each unit of currency may purchase fewer products and services as prices rise. This results in a reduction in the actual value of money, a process that impacts every level of the economy, from consumers to governments. The percentage change in the cost of a basket of goods and services over a certain time period, often a year, is measured by the inflation rate. It’s a key metric for assessing the health of an economy, showing how much more expensive everyday goods and services have become. The change in the average price level of a basket of goods and services over a year is represented by the inflation rate average consumer prices (annual per cent change). It’s calculated by taking the average of prices across all months of a given year compared to the previous year. This metric is determined by averaging monthly price data and comparing it to the average of the previous year. It provides a broader view of inflation trends across a longer time frame, smoothing out any short-term volatility. The Inflation rate, end of period consumer prices (annual per cent change) reflects the price level change from the end of one period (typically December) to the end of the next period (the following December). Instead of taking an average, this rate focuses on the price level at a specific point in time, providing a snapshot of inflation. It’s calculated by comparing the Consumer Price Index (CPI) of the final month of the year with the CPI of the last month of the previous year.