Inflation Rate in the United States increased to 2.70 percent in June from 2.40 percent in May of 2025. This dataset provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oil prices surged due to Trump's skepticism about Iran negotiations and optimism for a China trade deal, supported by lower US inflation and positive market sentiment.

This data consists of remittance, FDI, economic globalization, and financial development dynamics between two region groups, namely: a high remittance and FDI receiving region (European and Central Asian region) and low remittance and FDI receiving region (Sub-Saharan African region) for the period of 1984-2016. These two regions include 44 countries, where 15 highly remittances and FDI receiving developing countries, and 29 less globalized developing countries.

This study requires data on economic globalization and institutions. We have taken data from Gygli, et al. (2019), which is a newly, published KOF economic globalization index dataset in the International monetary fund. This index includes Trade Globalization and Financial Globalization. Trade-in goods, trade regulations, and trade in services, trade taxes, trade partner diversity, tariffs, and trade agreements are included under Trade Globalization. On the other hand, financial globalization is a combination of investment restrictions, portfolio investment, capital account openness, international debt, international Investment Agreements, international reserves, and international income payments. Institutional quality index datasets provided by the International Country Risk Guide (ICRG), which allowed us to test the hypothesis. A total of three control variables that are added to the main model have been proposed in this study, they are as follows, Real GDP per capita, Consumer price index (Inflation), and Gross fixed capital formation. All data are collected from the World Development Indicators and the International Monetary Fund.

Variables Definition Units Source

FD Financial development index Index value International monetary fund

FI Financial institution index Index value International monetary fund

FM Financial market index Index value International monetary fund

REM Personal remittances received (% of GDP) Percentage of GDP World Development Indicators

FDI Foreign direct investment, net inflows (% of GDP) Percentage of GDP World Development Indicators

EGLOB KOF Economic Globalization index Index value International monetary fund (Gygli, Savina, Florian Haelg, Niklas Potrafke and Jan-Egbert Sturm, 2019)

INSQ An institutional quality index(combining all Index value International Country Risk Guide

the variables like Government Stability,

Socioeconomic Conditions, Investment Profile,

Internal Conflict, External Conflict, Corruption,

Military in Politics, Religious Tensions, Law and Order,

Ethnic Tensions, Democratic Accountability,

Bureaucracy Quality and make one index

term by PCA)

GDP GDP per capita Per capita as per constant 2010 US$ World Development Indicators

INF Inflation(GDP deflator) Annual percentage World Development Indicators

GFCF Gross fixed capital formation Percentage of GDP International monetary fund