100+ datasets found
  1. U.S. projected annual inflation rate 2010-2029

    • statista.com
    Updated Aug 21, 2024
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    Statista (2024). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/
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    Dataset updated
    Aug 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

  2. T

    Canada Inflation Rate

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Aug 19, 2025
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    TRADING ECONOMICS (2025). Canada Inflation Rate [Dataset]. https://tradingeconomics.com/canada/inflation-cpi
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Aug 19, 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, 1915 - Jul 31, 2025
    Area covered
    Canada
    Description

    Inflation Rate in Canada decreased to 1.70 percent in July from 1.90 percent in June of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  3. T

    Australia Inflation Rate

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 30, 2025
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    TRADING ECONOMICS (2025). Australia Inflation Rate [Dataset]. https://tradingeconomics.com/australia/inflation-cpi
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    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Jul 30, 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
    Mar 31, 1951 - Jun 30, 2025
    Area covered
    Australia
    Description

    Inflation Rate in Australia decreased to 2.10 percent in the second quarter of 2025 from 2.40 percent in the first quarter of 2025. This dataset provides the latest reported value for - Australia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  4. Year-on-year change in CPI in Turkey 2016-2024

    • statista.com
    Updated Jun 19, 2025
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    Statista (2025). Year-on-year change in CPI in Turkey 2016-2024 [Dataset]. https://www.statista.com/statistics/895080/turkey-inflation-rate/
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    Dataset updated
    Jun 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jul 2016 - Nov 2024
    Area covered
    Turkey
    Description

    In November 2024, the inflation rate in Turkey corresponded to **** percent. The monthly inflation rate in Turkey reached ***** percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at ***** percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by **** percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.

  5. Average inflation rate in the United Kingdom 1980-2030

    • statista.com
    Updated Jun 18, 2025
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    Statista (2025). Average inflation rate in the United Kingdom 1980-2030 [Dataset]. https://www.statista.com/statistics/270384/inflation-rate-in-the-united-kingdom/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    In 2024, the average inflation rate in the United Kingdom was approximately 2.53 percent. Between 1980 and 2024, the figure dropped by around 14.32 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 0.53 percentage points from 2024 to 2030, fluctuating as it trends downward.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.

  6. Inflation Expectations

    • clevelandfed.org
    csv
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    Federal Reserve Bank of Cleveland, Inflation Expectations [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-expectations
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    csvAvailable download formats
    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

    We report average expected inflation rates over the next one through 30 years. Our estimates of expected inflation rates are calculated using a Federal Reserve Bank of Cleveland model that combines financial data and survey-based measures. Released monthly.

  7. F

    5-Year Breakeven Inflation Rate

    • fred.stlouisfed.org
    json
    Updated Aug 29, 2025
    + more versions
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    (2025). 5-Year Breakeven Inflation Rate [Dataset]. https://fred.stlouisfed.org/series/T5YIE
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    jsonAvailable download formats
    Dataset updated
    Aug 29, 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 2025-08-29 about spread, 5-year, interest rate, interest, inflation, rate, and USA.

  8. Monthly inflation rate in Argentina 2018-2024

    • statista.com
    Updated Feb 20, 2025
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    Statista (2025). Monthly inflation rate in Argentina 2018-2024 [Dataset]. https://www.statista.com/statistics/1320016/monthly-inflation-rate-argentina/
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    Dataset updated
    Feb 20, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2018 - Oct 2024
    Area covered
    Argentina
    Description

    The Consumer Price Index gauges the price changes in a basket of goods and services in a defined time period. In Argentina, the CPI in April 2024 was 289 percent higher than the one registered the same month of the previous year, with this figure being the largest monthly inflation rate since, at least, the beginning of 2018. The Argentinian inflation rate has been experiencing a steep increase from December 2020 onwards, when the decreasing trend witnessed since December 2019 came to an end. Long history of inflation in Latin America High inflation rates are nothing new in Latin America. In 2023, the region's inflation rate was 14.41 percent, while the global average was much lower at 6.78 percent. Nonetheless, the main drivers of this are Venezuela and Argentina, both being in the upper table of countries with the highest inflation rates in the world. During the last few years, Venezuela entered a period with five-digits inflation rates, having to issue a new currency and implementing new policies to control price increases.

    A history of hyperinflation During the last couple of years, inflation has been a constant among the main problems the Argentine society faces. The country returned to a three-digit inflation rate with former president Alberto Fernández, and the constant price increases took a toll on households across the board. Nevertheless, the problem is far from a recent one or the worst it's ever been, in 1989 and 1990, the inflation rate was over 2,000 percent, reaching for the status of hyperinflation. Commonly, hyperinflation is defined as price increases with over 50 percent per month.

  9. Average inflation rate in Hong Kong 1980-2030

    • statista.com
    Updated Jun 18, 2025
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    Statista (2025). Average inflation rate in Hong Kong 1980-2030 [Dataset]. https://www.statista.com/statistics/1365695/inflation-rate-in-hong-kong/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Hong Kong
    Description

    In 2024, the average inflation rate in Hong Kong amounted to about 1.73 percent. Between 1980 and 2024, the figure dropped by approximately 2.71 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the inflation will rise by around 0.77 percentage points, showing an overall upward trend with periodic ups and downs.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.

  10. Average inflation rate in Mexico 1980-2030

    • statista.com
    Updated Jun 18, 2025
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    Statista (2025). Average inflation rate in Mexico 1980-2030 [Dataset]. https://www.statista.com/statistics/1392270/average-inflation-rate-mexico/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Mexico
    Description

    In 2024, the average inflation rate in Mexico stood at approximately 4.72 percent. Between 1980 and 2024, the figure dropped by around 21.75 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 1.72 percentage points from 2024 to 2030, fluctuating as it trends downward.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. T

    United States Core Inflation Rate MoM

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Aug 12, 2025
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    TRADING ECONOMICS (2025). United States Core Inflation Rate MoM [Dataset]. https://tradingeconomics.com/united-states/core-inflation-rate-mom
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Aug 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
    Feb 28, 1957 - Jul 31, 2025
    Area covered
    United States
    Description

    Core Inflation Rate MoM in the United States increased to 0.30 percent in July from 0.20 percent in June of 2025. This dataset includes a chart with historical data for the United States Core Inflation Rate MoM.

  12. M

    Andorra Inflation Rate | Historical Chart | Data | N/A-N/A

    • macrotrends.net
    csv
    Updated Jul 31, 2025
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    MACROTRENDS (2025). Andorra Inflation Rate | Historical Chart | Data | N/A-N/A [Dataset]. https://www.macrotrends.net/datasets/global-metrics/countries/and/andorra/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    Jul 31, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

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

    Area covered
    Andorra
    Description

    Historical dataset showing Andorra inflation rate by year from N/A to N/A.

  13. M

    Japan Inflation Rate | Historical Chart | Data | 1960-2024

    • macrotrends.net
    csv
    Updated Jul 31, 2025
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    MACROTRENDS (2025). Japan Inflation Rate | Historical Chart | Data | 1960-2024 [Dataset]. https://www.macrotrends.net/datasets/global-metrics/countries/jpn/japan/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    Jul 31, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

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

    Time period covered
    Jan 1, 1960 - Dec 31, 2024
    Area covered
    Japan
    Description

    Historical dataset showing Japan inflation rate by year from 1960 to 2024.

  14. Inflation Nowcasting Monthly Year-Over-Year

    • clevelandfed.org
    Updated Mar 10, 2017
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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
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    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.

  15. T

    Norway Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Norway Inflation Rate [Dataset]. https://tradingeconomics.com/norway/inflation-cpi
    Explore at:
    excel, csv, json, 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, 1950 - Jul 31, 2025
    Area covered
    Norway
    Description

    Inflation Rate in Norway increased to 3.30 percent in July from 3 percent in June of 2025. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  16. Monthly inflation rate Japan 2019-2025

    • statista.com
    Updated Jul 11, 2025
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    Statista (2025). Monthly inflation rate Japan 2019-2025 [Dataset]. https://www.statista.com/statistics/267235/monthly-inflation-rate-in-japan/
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    Dataset updated
    Jul 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2019 - Jul 2025
    Area covered
    Japan
    Description

    In July 2025, the inflation rate in Japan stood at *** percent. The term inflation means the devaluation of money caused by a permanent increase of the price level for goods and services. The Consumer Price Index (CPI) measures the price development for private expenses and shows the current level of inflation when it increases. Rising consumer prices since 2022 Since the economic downturn in the 1990s, consumer prices in Japan have remained stagnant. Many Japanese consumers have never experienced a significant rise in cost of living, as the country had been struggling with deflationary pressures for over three decades. In the last years, this has changed drastically. Consumers have been confronted with rising prices since 2022, driven by global tensions and the aftermath of the COVID-19 pandemic. While Japan’s CPI recorded a *** percent growth in 2024, real household consumption expenditure declined. Consumer inflation in 2024 Annual inflation decreased from *** percent in 2023, the highest level recorded since 1991. A look at the price growth of major categories in the CPI shows that prices for ********************** saw the largest increases in 2024, followed by **** and ******************************. Fresh food prices, which rose by ***** percent, were at the core of the food price growth. ************, ****************, and ******* such as rice, bread, and noodles, were among the major contributors to Japan’s inflation. Rice prices jumped significantly in 2024. The staple food continued to see drastic price hikes in 2025.

  17. 3

    Worldwide Inflation rate from 1980 to 2029, by countries

    • 360analytika.com
    xlsx
    Updated Jun 6, 2025
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    360 Analytika (2025). Worldwide Inflation rate from 1980 to 2029, by countries [Dataset]. https://360analytika.com/worldwide-inflation-rate-by-countries/
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    xlsxAvailable download formats
    Dataset updated
    Jun 6, 2025
    Dataset authored and provided by
    360 Analytika
    License

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

    Description

    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.

  18. Annual end-of-period inflation rate in Jamaica 1980-2030

    • statista.com
    Updated Jun 18, 2025
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    Statista (2025). Annual end-of-period inflation rate in Jamaica 1980-2030 [Dataset]. https://www.statista.com/statistics/1392232/annual-inflation-rate-of-end-of-period-consumer-prices-jamaica/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Jamaica
    Description

    In 2024, the annual end-of-period inflation rate of Jamaica stood at about 4.97 percent. Between 1980 and 2024, the figure dropped by approximately 23.73 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the rate will rise by around 0.03 percentage points, showing an overall upward trend with periodic ups and downs.The International Monetary Fund describes this indicator as a measure of inflation based upon the year-on-year percent change in the end-of-period consumer price index (CPI). The said index measure is based upon the cost of a typical basket of goods and services at the end of a given time period.

  19. exchange rate and inflation rate on GDP

    • kaggle.com
    Updated Aug 1, 2023
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    Daniel Einstein (2023). exchange rate and inflation rate on GDP [Dataset]. https://www.kaggle.com/datasets/danieleinstein/exchange-rate-and-inflation-rate-on-gdp/code
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    CroissantCroissant is a format for machine-learning datasets. Learn more about this at mlcommons.org/croissant.
    Dataset updated
    Aug 1, 2023
    Dataset provided by
    Kagglehttp://kaggle.com/
    Authors
    Daniel Einstein
    License

    https://creativecommons.org/publicdomain/zero/1.0/https://creativecommons.org/publicdomain/zero/1.0/

    Description

    Title: Exchange Rate and Inflation Rate on GDP Dataset

    Description: This dataset presents a comprehensive collection of historical data on exchange rates, inflation rates, and their impact on Gross Domestic Product (GDP). It serves as a valuable resource for researchers, economists, and data enthusiasts seeking to explore the relationships between these key economic indicators.

    The dataset contains information from various countries and regions, covering multiple years, allowing users to analyze how exchange rate fluctuations and inflation rates have influenced the economic performance of different economies over time.

    Attributes included in the dataset:

    1. Country/Region: The name of the country or region for which the data is recorded.
    2. Year: The year to which the data corresponds.
    3. Exchange Rate: The exchange rate of the country's currency against a specified reference currency.
    4. Inflation Rate: The percentage change in the general price level of goods and services over a specific period.
    5. Gross Domestic Product (GDP): The total monetary value of all goods and services produced within a country's borders in a given year.

    Use cases: - Analyzing the impact of exchange rate fluctuations on a country's trade balance and economic growth. - Studying the relationship between inflation rates and changes in purchasing power in different economies. - Exploring correlations between GDP growth and exchange rate policies of countries. - Building predictive models to forecast inflation rates or exchange rate movements based on historical data.

    Note to users: Please keep in mind that while this dataset provides valuable insights into the relationships between exchange rates, inflation rates, and GDP, it should be used responsibly and in conjunction with other relevant data sources for accurate and robust analyses.

    If you have any questions or feedback about this dataset, feel free to reach out. Happy analyzing!

  20. Average inflation rate in Israel 1980-2030

    • statista.com
    Updated Jun 18, 2025
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    Statista (2025). Average inflation rate in Israel 1980-2030 [Dataset]. https://www.statista.com/statistics/375241/inflation-rate-in-israel/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Israel
    Description

    In 2024, the average inflation rate in Israel amounted to approximately 3.07 percent. Between 1980 and 2024, the figure dropped by around 313.53 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 1.02 percentage points from 2024 to 2030, fluctuating as it trends downward.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.

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Statista (2024). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/
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U.S. projected annual inflation rate 2010-2029

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47 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Aug 21, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

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