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. M

    U.S. Inflation Rate 1960-2025

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). U.S. Inflation Rate 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/inflation-rate-cpi
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    csvAvailable download formats
    Dataset updated
    May 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 - May 31, 2025
    Area covered
    United States
    Description
    U.S. inflation rate for 2023 was 4.13%, a 3.88% decline from 2022.
    <ul style='margin-top:20px;'>
    
    <li>U.S. inflation rate for 2022 was <strong>8.00%</strong>, a <strong>3.3% increase</strong> from 2021.</li>
    <li>U.S. inflation rate for 2021 was <strong>4.70%</strong>, a <strong>3.46% increase</strong> from 2020.</li>
    <li>U.S. inflation rate for 2020 was <strong>1.23%</strong>, a <strong>0.58% decline</strong> from 2019.</li>
    </ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
    
  3. F

    5-Year Breakeven Inflation Rate

    • fred.stlouisfed.org
    json
    Updated Jul 11, 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
    Jul 11, 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 2025-07-11 about spread, interest rate, interest, 5-year, inflation, rate, and USA.

  4. T

    Canada Inflation Rate

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 24, 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
    Jun 24, 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 - May 31, 2025
    Area covered
    Canada
    Description

    Inflation Rate in Canada remained unchanged at 1.70 percent in May. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  5. M

    India Inflation Rate (1960-2024)

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). India Inflation Rate (1960-2024) [Dataset]. https://www.macrotrends.net/global-metrics/countries/ind/india/inflation-rate-cpi
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    csvAvailable download formats
    Dataset updated
    May 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
    india
    Description
    India inflation rate for 2024 was 4.95%, a 0.7% decline from 2023.
    <ul style='margin-top:20px;'>
    
    <li>India inflation rate for 2023 was <strong>5.65%</strong>, a <strong>1.05% decline</strong> from 2022.</li>
    <li>India inflation rate for 2022 was <strong>6.70%</strong>, a <strong>1.57% increase</strong> from 2021.</li>
    <li>India inflation rate for 2021 was <strong>5.13%</strong>, a <strong>1.49% decline</strong> from 2020.</li>
    </ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
    
  6. Monthly inflation rate in Argentina 2018-2024

    • statista.com
    • ai-chatbox.pro
    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.

  7. Countries with the highest inflation rate 2023

    • statista.com
    • ai-chatbox.pro
    Updated Jul 4, 2024
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    Statista (2024). Countries with the highest inflation rate 2023 [Dataset]. https://www.statista.com/statistics/268225/countries-with-the-highest-inflation-rate/
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    Dataset updated
    Jul 4, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 2024
    Area covered
    Worldwide
    Description

    At the end of 2023, Zimbabwe had the highest inflation rate in the world, at 667.36 percent change compared to the previous year. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central banking system, which in turn results in the manipulation of currency to achieve short term economic goals. Thus, interest rates increase while the general economic situation remains constant. In more developed economies and in the prime emerging markets, the inflation rate does not fluctuate as sporadically. Additionally, the majority of countries that maintained the lowest inflation rate compared to previous years are primarily oil producers or small island independent states. These countries experienced deflation, which occurs when the inflation rate falls below zero; this may happen for a variety of factors, such as a shift in supply or demand of goods and services, or an outflow of capital.

  8. T

    Australia Inflation Rate

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated May 15, 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
    May 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
    Mar 31, 1951 - Mar 31, 2025
    Area covered
    Australia
    Description

    Inflation Rate in Australia remained unchanged at 2.40 percent in the first quarter of 2025 from 2.40 percent in the fourth quarter of 2024. 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.

  9. Inflation rate of Iran 2030

    • statista.com
    Updated May 21, 2025
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    Statista (2025). Inflation rate of Iran 2030 [Dataset]. https://www.statista.com/statistics/294320/iran-inflation-rate/
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    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Iran
    Description

    Iran’s inflation rate rose sharply to 34.79 percent in 2019 and was projected to rise another 14 percentage points before slowly starting to decline. Given the recent sanctions by the United States regarding the nuclear deal, this number has both political and economic implications. Political implications President Hassan Rouhani won the 2017 election based on economic promises, many stemming from the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran Nuclear Deal. Lifting these sanctions opened the Iranian economy to many opportunities, including the chance to benefit from increased oil exports. The JCPOA was an integral part of the Rouhani campaign, so any economic hardship that is linked to the deal will likely be blamed on the president. Economic implications High inflation leads to high interest rates, which leads to less borrowing. Less borrowing means less investment, which slows economic growth. This slower growth often leads to higher inflation, which is what economists call an inflationary spiral. As such, Iran will have difficulty achieving substantial GDP growth until inflation returns to manageable rates.

  10. T

    Jordan Inflation Rate

    • tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 11, 2025
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    TRADING ECONOMICS (2025). Jordan Inflation Rate [Dataset]. https://tradingeconomics.com/jordan/inflation-cpi
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    csv, excel, xml, jsonAvailable 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
    Jan 31, 1977 - Jun 30, 2025
    Area covered
    Jordan
    Description

    Inflation Rate in Jordan increased to 2 percent in June from 1.98 percent in May of 2025. This dataset provides the latest reported value for - Jordan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  11. T

    Norway Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 10, 2025
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    TRADING ECONOMICS (2025). Norway Inflation Rate [Dataset]. https://tradingeconomics.com/norway/inflation-cpi
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Jun 10, 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, 1950 - Jun 30, 2025
    Area covered
    Norway
    Description

    Inflation Rate in Norway remained unchanged at 3 percent in June. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  12. Inflation Expectations

    • clevelandfed.org
    csv
    Updated Jun 11, 2025
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    Federal Reserve Bank of Cleveland (2025). Inflation Expectations [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-expectations
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    csvAvailable download formats
    Dataset updated
    Jun 11, 2025
    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.

  13. Monthly real vs. nominal interest rates and inflation rate for the U.S....

    • ai-chatbox.pro
    • statista.com
    Updated Jan 3, 2025
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    Statista (2025). Monthly real vs. nominal interest rates and inflation rate for the U.S. 1982-2024 [Dataset]. https://www.ai-chatbox.pro/?_=%2Fstatistics%2F1342636%2Freal-nominal-interest-rate-us-inflation%2F%23XgboD02vawLbpWJjSPEePEUG%2FVFd%2Bik%3D
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    Dataset updated
    Jan 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 1982 - Nov 2024
    Area covered
    United States
    Description

    Real interest rates describe the growth in the real value of the interest on a loan or deposit, adjusted for inflation. Nominal interest rates on the other hand show us the raw interest rate, which is unadjusted for inflation. If the inflation rate in a certain country were zero percent, the real and nominal interest rates would be the same number. As inflation reduces the real value of a loan, however, a positive inflation rate will mean that the nominal interest rate is more likely to be greater than the real interest rate. We can see this in the recent inflationary episode which has taken place in the wake of the Coronavirus pandemic, with nominal interest rates rising over the course of 2022, but still lagging far behind the rate of inflation, meaning these rate rises register as smaller increases in the real interest rate.

  14. T

    Cameroon Inflation Rate MoM

    • tradingeconomics.com
    • fr.tradingeconomics.com
    • +11more
    csv, excel, json, xml
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    TRADING ECONOMICS, Cameroon Inflation Rate MoM [Dataset]. https://tradingeconomics.com/cameroon/inflation-rate-mom
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    csv, excel, xml, jsonAvailable 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
    Feb 29, 2012 - Jan 31, 2025
    Area covered
    Cameroon
    Description

    The Consumer Price Index in Cameroon decreased 0.20 percent in January of 2025 over the previous month. This dataset includes a chart with historical data for Cameroon Inflation Rate MoM.

  15. U

    United States Breakeven Inflation: 5-Year

    • ceicdata.com
    Updated Mar 25, 2025
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    CEICdata.com (2025). United States Breakeven Inflation: 5-Year [Dataset]. https://www.ceicdata.com/en/united-states/breakeven-inflation-rate/breakeven-inflation-5year
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    Dataset updated
    Mar 25, 2025
    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
    Mar 10, 2025 - Mar 25, 2025
    Area covered
    United States
    Variables measured
    Indicator
    Description

    United States Breakeven Inflation: 5-Year data was reported at 2.410 % in 15 May 2025. This records a decrease from the previous number of 2.440 % for 14 May 2025. United States Breakeven Inflation: 5-Year data is updated daily, averaging 1.900 % from Jan 2003 (Median) to 15 May 2025, with 5597 observations. The data reached an all-time high of 3.590 % in 25 Mar 2022 and a record low of 0.140 % in 19 Mar 2020. United States Breakeven Inflation: 5-Year data remains active status in CEIC and is reported by Federal Reserve Bank of St. Louis. The data is categorized under Global Database’s United States – Table US.I: Breakeven Inflation Rate. [COVID-19-IMPACT]

  16. Bureau of Labor Statistics Unemployment and Inflation

    • redivis.com
    • columbia.redivis.com
    application/jsonl +7
    Updated Dec 14, 2020
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    Columbia Data Platform Demo (2020). Bureau of Labor Statistics Unemployment and Inflation [Dataset]. https://redivis.com/datasets/ymdq-1a9mgdxff
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    arrow, avro, csv, parquet, spss, application/jsonl, stata, sasAvailable download formats
    Dataset updated
    Dec 14, 2020
    Dataset provided by
    Redivis Inc.
    Authors
    Columbia Data Platform Demo
    Time period covered
    Jan 1, 1939 - Dec 31, 2020
    Description

    Abstract

    This dataset includes economic statistics on inflation, prices, unemployment, and pay & benefits provided by the Bureau of Labor Statistics (BLS)

    Documentation

    Update frequency: Monthly Dataset source: U.S. Bureau of Labor Statistics Terms of use: This dataset is publicly available for anyone to use under the following terms provided by the Dataset Source - http://www.data.gov/privacy-policy#data_policy - and is provided "AS IS" without any warranty, express or implied, from Google. Google disclaims all liability for any damages, direct or indirect, resulting from the use of the dataset. See the GCP Marketplace listing for more details and sample queries: https://console.cloud.google.com/marketplace/details/bls-public-data/bureau-of-labor-statistics

  17. Inflation rate in Vietnam 2030*

    • statista.com
    Updated May 15, 2025
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    Statista (2025). Inflation rate in Vietnam 2030* [Dataset]. https://www.statista.com/statistics/444749/inflation-rate-in-vietnam/
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    Dataset updated
    May 15, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Vietnam
    Description

    In 2024, the average inflation rate in Vietnam amounted to 3.62 percent compared to the previous year. After a severe drop below one percent in 2015, Vietnam’s inflation seems to have stabilized again and is expected to level off at around 3.4 percent in the next few years. Vietnam’s economic struggles Around 2012, Vietnam suffered the consequences of the global economic crisis and domestic economic mismanagement, which saw enterprises going bankrupt, inflation peaking at over nine percent, and gross domestic product slumping to a dramatic low. Fortunately, the country recovered quickly and seemed out of the red and on a stable path by 2016. Rich in riceVietnam’s economy is largely rooted in services and industry, but around 16 percent of it is generated by agriculture, mainly rice cultivation. Almost half of the Vietnamese workforce is active in this sector. Vietnam is, in fact, one of the largest exporters of rice in the world, but also one of the main consumers. Paddy production in Vietnam has decreased a bit in the last few years, but overall, the country’s economy is perceived to improving.

  18. 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.

  19. U

    USA Inflation, annual percent change in the CPI, May, 2025 - data, chart |...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 7, 2024
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    Globalen LLC (2024). USA Inflation, annual percent change in the CPI, May, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/USA/inflation_annual/
    Explore at:
    xml, excel, csvAvailable download formats
    Dataset updated
    Aug 7, 2024
    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
    Jan 31, 1961 - May 31, 2025
    Area covered
    United States
    Description

    The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in the USA was 2.35 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 2.31 percent. Compared to a year ago, we see a decrease from the...

  20. Inflation Nowcasting

    • clevelandfed.org
    json
    Updated Mar 10, 2017
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    Federal Reserve Bank of Cleveland (2017). Inflation Nowcasting [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting
    Explore at:
    jsonAvailable download formats
    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

    The Federal Reserve Bank of Cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the Consumer Price Index (CPI). These nowcasts give a sense of where inflation is today. Released each business day.

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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/
Organization logo

U.S. projected annual inflation rate 2010-2029

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49 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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