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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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.

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.

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

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.

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

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.

In March 2022, the global inflation rate for the consumer price index reached 9.22 percent, compared with 7.47 percent in February 2022. After reaching a low of 2.27 percent in August 2020, the inflation rate has steadily increased, with the most rapid growth occuring in late 2021 and early 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.

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.

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.

Graph and download economic data for Inflation, consumer prices for the World (FPCPITOTLZGWLD) from 1981 to 2024 about World, consumer, CPI, inflation, price index, indexes, and price.

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.

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.

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.

The rate of inflation in the table is the percent change in the Consumer Price Index from the previous month. We show the monthly inflation in the last month with reported data as well as three months ago and one year ago. The numbers are updated on a daily basis as new data become available from the national authorities. The inflation rate can fluctuate significantly from one month to another. You may want to look at the annual inflation rate for a longer-term perspective.

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.

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

Inflation rates for the Pacific island countries and territories per year.

Find more Pacific data on PDH.stat.