100+ datasets found
  1. Global monthly fuel price index 2020-2025

    • statista.com
    • ai-chatbox.pro
    Updated Jun 11, 2025
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    Statista (2025). Global monthly fuel price index 2020-2025 [Dataset]. https://www.statista.com/statistics/1302801/monthly-fuel-energy-price-index-worldwide/
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    Dataset updated
    Jun 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2020 - May 2025
    Area covered
    Worldwide
    Description

    The global fuel energy price index stood at 153.15 index points in May 2025, up from 100 in the base year 2016. Figures decreased that month due to lower heating fuel demand and a fall in crude oil prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

  2. T

    Gasoline - Price Data

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 11, 2025
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    TRADING ECONOMICS (2025). Gasoline - Price Data [Dataset]. https://tradingeconomics.com/commodity/gasoline
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    Jul 11, 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
    Oct 3, 2005 - Jul 11, 2025
    Area covered
    World
    Description

    Gasoline rose to 2.19 USD/Gal on July 11, 2025, up 1.65% from the previous day. Over the past month, Gasoline's price has risen 1.03%, but it is still 12.72% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on July of 2025.

  3. Global monthly fossil fuel price indices 2021-2025, by fuel

    • statista.com
    • ai-chatbox.pro
    Updated May 21, 2025
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    Statista (2025). Global monthly fossil fuel price indices 2021-2025, by fuel [Dataset]. https://www.statista.com/statistics/1348739/monthly-fossil-fuel-price-indices-worldwide/
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    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Apr 2025
    Area covered
    Worldwide
    Description

    All fuel prices experienced a decrease in prices between January and April 2025. The price index was also lower than at the same time in the previous year. Overall, prices have been notably less volatile throughout 2024 and 2025 when compared to 2021 and 2022.

  4. F

    US Regular All Formulations Gas Price

    • fred.stlouisfed.org
    json
    Updated Jul 8, 2025
    + more versions
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    (2025). US Regular All Formulations Gas Price [Dataset]. https://fred.stlouisfed.org/series/GASREGW
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    jsonAvailable download formats
    Dataset updated
    Jul 8, 2025
    License

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

    Area covered
    United States
    Description

    Graph and download economic data for US Regular All Formulations Gas Price (GASREGW) from 1990-08-20 to 2025-07-07 about gas, commodities, and USA.

  5. Gasoline retail price per month in the U.S. 2020-2025, by fuel grade

    • statista.com
    Updated Jul 10, 2025
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    Statista (2025). Gasoline retail price per month in the U.S. 2020-2025, by fuel grade [Dataset]. https://www.statista.com/statistics/204133/retail-prices-of-motor-fuel-in-the-united-states-since-2009/
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    Dataset updated
    Jul 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2020 - Jun 2025
    Area covered
    United States
    Description

    U.S. gasoline prices changed little in June 2025 when compared to the month before. Regular gasoline prices remained at an average of 3.15 U.S. dollars per gallon. In the period of consideration, gasoline prices reached their highest level in June 2022. Differences in fuel grades Fuel grades at U.S. gas stations are differentiated by octane level. Higher grade fuels have higher octane levels, meaning that the fuel can be compressed more in the engine. This enables high-performance engines to create more power. Fuel may also vary from state to state and pump to pump. Some cities also have regulations on gasoline in order to improve air quality. Bioethanol is added to gasoline in some cases to meet the renewable fuel standard. Gasoline-run engines are able to run on blends with a bioethanol percentage of up to 25 percent. Gasoline prices reach historic high Primarily a result of the Russia-Ukraine war and inflation, the annual retail price of gasoline reached a new historic high in 2022, climbing to nearly four U.S. dollars per gallon. By 2024, annual prices had decreased again slightly, reaching 2014 levels.

  6. T

    United States Gasoline Prices

    • tradingeconomics.com
    • ar.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 15, 2025
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    TRADING ECONOMICS (2025). United States Gasoline Prices [Dataset]. https://tradingeconomics.com/united-states/gasoline-prices
    Explore at:
    xml, excel, json, csvAvailable download formats
    Dataset updated
    Jun 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
    Feb 28, 1991 - Jun 30, 2025
    Area covered
    United States
    Description

    Gasoline Prices in the United States remained unchanged at 0.83 USD/Liter in June. This dataset provides the latest reported value for - United States Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  7. Monthly average retail prices for gasoline and fuel oil, by geography

    • www150.statcan.gc.ca
    • open.canada.ca
    • +1more
    Updated Jun 24, 2025
    + more versions
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    Government of Canada, Statistics Canada (2025). Monthly average retail prices for gasoline and fuel oil, by geography [Dataset]. http://doi.org/10.25318/1810000101-eng
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    Dataset updated
    Jun 24, 2025
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

    Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

  8. Average gasoline and diesel prices in the U.S. 2022-2025

    • statista.com
    Updated Jul 7, 2025
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    Statista (2025). Average gasoline and diesel prices in the U.S. 2022-2025 [Dataset]. https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/
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    Dataset updated
    Jul 7, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 18, 2022 - Jul 7, 2025
    Area covered
    United States
    Description

    The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on July 7, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline decreased that week following a fall in crude oil prices. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

  9. d

    Gasoline Price Data USA | Coverage 90%+ | Regular, Diesel, Midgrade, ... |...

    • datarade.ai
    .json, .xml
    Updated Nov 28, 2023
    + more versions
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    xavvy (2023). Gasoline Price Data USA | Coverage 90%+ | Regular, Diesel, Midgrade, ... | Cash and Credit Prices | multiple updates daily | API [Dataset]. https://datarade.ai/data-products/xavvy-fuel-prices-api-usa-data-for-regular-diesel-midgra-xavvy
    Explore at:
    .json, .xmlAvailable download formats
    Dataset updated
    Nov 28, 2023
    Dataset authored and provided by
    xavvy
    Area covered
    United States
    Description

    Xavvy fuel is the leading source for Gas Station Location Data and Gasoline Price data worldwide and specialized in data quality and enrichment. We provide gasoline and diesel price data for more than 131'000 stations across the US.

    Thanks to our fuel prices, you assist your customers in finding the best gas and diesel prices at gas stations to optimize their fuel costs and minimize their CO2 emissions.

    Moreover, our price data supports customers from various sectors to gain more valuable insights on the fuel market and its development. In addition, they form an unparalleled basis for strategic decisions like pricing or expansion.

    At the same time, due to high price coverage and accuracy, suppliers such as navigation software manufacturers can increase their market share and profit margins by significantly improving the customer experience.

    • Supported Fuel Types: Diesel, Regular, Midgrade, premium fuels, DEF, Hydrogen etc. • Price types: Cash and Credit card prices available • Information Scope: highly customizable to customer’s needs. • Extension: (weighted) average prices or forecasts

    Check out our other Data Offerings available, and gain more valuable market insights on gas stations directly from the experts!

  10. T

    Germany Gasoline Prices

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 29, 2025
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    TRADING ECONOMICS (2025). Germany Gasoline Prices [Dataset]. https://tradingeconomics.com/germany/gasoline-prices
    Explore at:
    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Jun 29, 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
    Dec 31, 1995 - Jun 30, 2025
    Area covered
    Germany
    Description

    Gasoline Prices in Germany increased to 2.06 USD/Liter in June from 1.97 USD/Liter in May of 2025. This dataset provides the latest reported value for - Germany Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  11. Impact of the price increase of fuel and gas Asia 2023. by country

    • statista.com
    Updated Jul 3, 2025
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    Statista (2025). Impact of the price increase of fuel and gas Asia 2023. by country [Dataset]. https://www.statista.com/statistics/1380588/asia-impact-of-the-price-increase-of-fuel-and-gas-by-country/
    Explore at:
    Dataset updated
    Jul 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Mar 9, 2023 - Mar 31, 2023
    Area covered
    Asia
    Description

    In a survey conducted by Rakuten Insight in March 2023, 66 percent of the respondents in Indonesia were impacted by the increase in price for fuel and gas. In comparison, 19 percent of the respondents in Hong Kong were impacted by the price increase of fuel and gas as of March 2023.

  12. T

    Vietnam Gasoline Prices

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 29, 2025
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    TRADING ECONOMICS (2025). Vietnam Gasoline Prices [Dataset]. https://tradingeconomics.com/vietnam/gasoline-prices
    Explore at:
    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    Jun 29, 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
    Dec 31, 1995 - Jun 30, 2025
    Area covered
    Vietnam
    Description

    Gasoline Prices in Vietnam increased to 0.80 USD/Liter in June from 0.74 USD/Liter in May of 2025. This dataset provides the latest reported value for - Vietnam Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  13. U

    United States Natural Gas: Average Commercial Price: Vermont

    • ceicdata.com
    Updated Aug 2, 2024
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    CEICdata.com (2024). United States Natural Gas: Average Commercial Price: Vermont [Dataset]. https://www.ceicdata.com/en/united-states/natural-gas-prices
    Explore at:
    Dataset updated
    Aug 2, 2024
    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
    Jan 1, 2024 - Dec 1, 2024
    Area covered
    United States
    Description

    Natural Gas: Average Commercial Price: Vermont data was reported at 8.630 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 8.220 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Vermont data is updated monthly, averaging 6.905 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 16.140 USD/1000 Cub ft in Sep 2008 and a record low of 2.860 USD/1000 Cub ft in Aug 1994. Natural Gas: Average Commercial Price: Vermont data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

  14. U

    United States Natural Gas: Average Commercial Price: Connecticut

    • ceicdata.com
    Updated Aug 2, 2024
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    CEICdata.com (2024). United States Natural Gas: Average Commercial Price: Connecticut [Dataset]. https://www.ceicdata.com/en/united-states/natural-gas-prices
    Explore at:
    Dataset updated
    Aug 2, 2024
    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
    Jan 1, 2024 - Dec 1, 2024
    Area covered
    United States
    Description

    Natural Gas: Average Commercial Price: Connecticut data was reported at 9.750 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 8.680 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Connecticut data is updated monthly, averaging 8.745 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 18.130 USD/1000 Cub ft in Jul 2008 and a record low of 3.970 USD/1000 Cub ft in Aug 2000. Natural Gas: Average Commercial Price: Connecticut data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

  15. U

    United States Natural Gas: Average Commercial Price: Ohio

    • ceicdata.com
    Updated Aug 2, 2024
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    CEICdata.com (2024). United States Natural Gas: Average Commercial Price: Ohio [Dataset]. https://www.ceicdata.com/en/united-states/natural-gas-prices
    Explore at:
    Dataset updated
    Aug 2, 2024
    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
    Nov 1, 2023 - Dec 1, 2024
    Area covered
    United States
    Description

    Natural Gas: Average Commercial Price: Ohio data was reported at 7.680 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 7.330 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Ohio data is updated monthly, averaging 6.920 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 432 observations. The data reached an all-time high of 16.610 USD/1000 Cub ft in Jul 2008 and a record low of 4.050 USD/1000 Cub ft in Mar 1990. Natural Gas: Average Commercial Price: Ohio data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

  16. U

    United States Natural Gas: Average Commercial Price: Mississippi

    • ceicdata.com
    Updated Aug 2, 2024
    + more versions
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    CEICdata.com (2024). United States Natural Gas: Average Commercial Price: Mississippi [Dataset]. https://www.ceicdata.com/en/united-states/natural-gas-prices
    Explore at:
    Dataset updated
    Aug 2, 2024
    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, 2023 - Dec 1, 2024
    Area covered
    United States
    Description

    Natural Gas: Average Commercial Price: Mississippi data was reported at 11.250 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 10.760 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Mississippi data is updated monthly, averaging 7.835 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 16.720 USD/1000 Cub ft in Oct 2005 and a record low of 2.610 USD/1000 Cub ft in Sep 1995. Natural Gas: Average Commercial Price: Mississippi data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

  17. Diesel fuel retail prices per month in the U.S. 2020-2025

    • statista.com
    • aconto.anazko.com
    Updated Jun 10, 2025
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    Statista (2025). Diesel fuel retail prices per month in the U.S. 2020-2025 [Dataset]. https://www.statista.com/statistics/204169/retail-prices-of-diesel-fuel-in-the-united-states-since-2009/
    Explore at:
    Dataset updated
    Jun 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2020 - May 2025
    Area covered
    United States
    Description

    In May 2025, one gallon of diesel cost an average of 3.5 U.S. dollars in the United States. That was a decrease compared to the month prior, and also lower than prices in May 2024. Impact of crude prices on motor fuel consumer prices Diesel prices are primarily determined by the cost of crude oil. In fact, crude oil regularly accounts for around 50 percent of end consumer prices of diesel. As such, supply restrictions or weak demand outlooks influence prices at the pump. The fall in diesel prices noted in the latter half of 2024 is a reflection of lower crude prices. Diesel and gasoline price development The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines, and, as such, tend to be used for large commercial vehicles.

  18. I

    Iran Gasoline prices - data, chart | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Apr 25, 2015
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    Globalen LLC (2015). Iran Gasoline prices - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Iran/gasoline_prices/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Apr 25, 2015
    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
    Dec 31, 1998 - Dec 31, 2016
    Area covered
    Iran
    Description

    Iran: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 0.4 dollars, an increase from 0.37 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Iran from 1998 to 2016 is 0.17 dollars. The minimum value, 0.05 dollars, was reached in 2000 while the maximum of 0.4 dollars was recorded in 2016.

  19. T

    India Gasoline Prices

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated May 6, 2015
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    TRADING ECONOMICS (2015). India Gasoline Prices [Dataset]. https://tradingeconomics.com/india/gasoline-prices
    Explore at:
    excel, json, xml, csvAvailable download formats
    Dataset updated
    May 6, 2015
    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
    Dec 31, 1990 - Jun 30, 2025
    Area covered
    India
    Description

    Gasoline Prices in India remained unchanged at 1.11 USD/Liter in June. This dataset provides the latest reported value for - India Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  20. Annual gasoline prices in the United States 1990-2024

    • statista.com
    Updated Feb 5, 2025
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    Statista (2025). Annual gasoline prices in the United States 1990-2024 [Dataset]. https://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/
    Explore at:
    Dataset updated
    Feb 5, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    Gasoline prices in the United States have experienced significant fluctuations over the past three decades, with 2024 seeing an average price of 3.3 U.S. dollars per gallon. This marks a notable decrease from the record high of 3.95 U.S. dollars per gallon in 2022, yet remains considerably higher than prices seen in the early 2000s. Despite this, American consumers continue to enjoy relatively low gasoline prices compared to many other countries, with some European countries paying more than double the U.S. average. Drivers in Hawaii and California pay the most at the pump Gasoline prices vary significantly across the United States, with Hawaii and California consistently ranking as the most expensive states for this fuel. As of January 1, 2025, Hawaii's average price for regular gasoline was 4.54 U.S. dollars per gallon, nearly 1.5 dollars above the national average. California's high prices are largely attributed to its steep gasoline taxes, which reached 68.1 U.S. cents per gallon in January 2024. These taxes play a crucial role in shaping retail prices and are typically reinvested in road infrastructure, demonstrating the direct link between fuel costs and transportation development. Patterns in gasoline consumption In a global context, the United States maintains some of the lowest conventional motor fuel prices among high-income countries. This is largely due to its position as the world's largest crude oil producer, allowing it to keep retail prices comparatively low. Despite fluctuations in price, gasoline consumption in the U.S. remains robust, averaging around 8.5 million barrels per day in 2024. Consumption tends to be highest in the summer months and lowest in the winter months due to changing driving behavior.

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Statista (2025). Global monthly fuel price index 2020-2025 [Dataset]. https://www.statista.com/statistics/1302801/monthly-fuel-energy-price-index-worldwide/
Organization logo

Global monthly fuel price index 2020-2025

Explore at:
Dataset updated
Jun 11, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Jan 2020 - May 2025
Area covered
Worldwide
Description

The global fuel energy price index stood at 153.15 index points in May 2025, up from 100 in the base year 2016. Figures decreased that month due to lower heating fuel demand and a fall in crude oil prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

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