100+ datasets found
  1. Global inflation rate from 2000 to 2030

    • statista.com
    • ai-chatbox.pro
    Updated May 28, 2025
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    Statista (2025). Global inflation rate from 2000 to 2030 [Dataset]. https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/
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    Dataset updated
    May 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 2025
    Area covered
    Worldwide
    Description

    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.

  2. T

    INFLATION RATE by Country in AMERICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 28, 2025
    + more versions
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    TRADING ECONOMICS (2025). INFLATION RATE by Country in AMERICA [Dataset]. https://tradingeconomics.com/country-list/inflation-rate?continent=america
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    excel, json, xml, csvAvailable download formats
    Dataset updated
    Jun 28, 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
    2025
    Area covered
    United States
    Description

    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.

  3. Monthly inflation rates in developed and emerging countries 2021-2024

    • statista.com
    • ai-chatbox.pro
    Updated Jun 23, 2025
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    Statista (2025). Monthly inflation rates in developed and emerging countries 2021-2024 [Dataset]. https://www.statista.com/statistics/1034154/monthly-inflation-rates-developed-emerging-countries/
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    Dataset updated
    Jun 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Dec 2024
    Area covered
    Worldwide
    Description

    Of the major developed and emerging economies, China had the lowest inflation rate at *** percent in December 2024. On the other end of the spectrum, the inflation rate in Russia stood at nearly ** percent. The country's inflation rate increased sharply after the country's President, Vladimir Putin, decided to invade Ukraine, declined somewhat in 2023, before increasing slowly again since. The rate of inflation reflects changes in the cost of a specified basket containing a representative selection of goods and services. It is derived from the consumer price index (CPI).

  4. M

    World Inflation Rate

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). World Inflation Rate [Dataset]. https://www.macrotrends.net/global-metrics/countries/wld/world/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, 1981 - Dec 31, 2023
    Area covered
    World
    Description

    Historical chart and dataset showing World inflation rate by year from 1981 to 2023.

  5. Forecast of inflation rate globally 2023-2025, by country

    • statista.com
    Updated Jun 23, 2025
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    Statista (2025). Forecast of inflation rate globally 2023-2025, by country [Dataset]. https://www.statista.com/statistics/1249136/annual-inflation-rate-forecast-by-country/
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    Dataset updated
    Jun 23, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    May 2024
    Area covered
    OECD, Worldwide
    Description

    2022 and 2023 saw inflation rates rise all over the world, especially spurred by effects of the COVID-19 pandemic and Russia's invasion of Ukraine. With its hyperinflation, ********* was predicted to have the highest inflation rate of the countries included here both in 2023, 2024, and 2025. On the other hand, ******* inflation rate was estimated to only reach *** percent in 2024.

  6. T

    INFLATION RATE by Country in EUROPE

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 23, 2025
    + more versions
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    TRADING ECONOMICS (2025). INFLATION RATE by Country in EUROPE [Dataset]. https://tradingeconomics.com/country-list/inflation-rate?continent=europe
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Jun 23, 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
    2025
    Area covered
    Europe
    Description

    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.

  7. Global Inflation Dataset

    • kaggle.com
    Updated Feb 16, 2024
    + more versions
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    Sazidul Islam (2024). Global Inflation Dataset [Dataset]. https://www.kaggle.com/datasets/sazidthe1/global-inflation-data
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    CroissantCroissant is a format for machine-learning datasets. Learn more about this at mlcommons.org/croissant.
    Dataset updated
    Feb 16, 2024
    Dataset provided by
    Kagglehttp://kaggle.com/
    Authors
    Sazidul Islam
    Description

    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:

    Column NameDescription
    country_nameName of the Country
    indicator_nameType of Inflation Indicator
    1980Annual Average Inflation Rate in 1980 (in %)
    1981Annual Average Inflation Rate in 1981 (in %)
    1982Annual Average Inflation Rate in 1982 (in %)
    ' ' '' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' '
    2022Annual Average Inflation Rate in 2022 (in %)
    2023Annual Average Inflation Rate in 2023 (in %)
    2024Annual Average Inflation Rate in 2024 (in %)

    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

  8. T

    World - Inflation, Consumer Prices (annual %)

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 2, 2017
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    TRADING ECONOMICS (2017). World - Inflation, Consumer Prices (annual %) [Dataset]. https://tradingeconomics.com/world/inflation-consumer-prices-annual-percent-wb-data.html
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    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Jun 2, 2017
    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 1, 1976 - Dec 31, 2025
    Area covered
    World, World
    Description

    Inflation, consumer prices (annual %) in World was reported at 5.7332 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

  9. U.S. monthly inflation rate 2025

    • statista.com
    • ai-chatbox.pro
    Updated Mar 11, 2025
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    Statista (2025). U.S. monthly inflation rate 2025 [Dataset]. https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
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    Dataset updated
    Mar 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Jan 2025
    Area covered
    United States
    Description

    In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

  10. T

    INFLATION RATE by Country in ASIA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 27, 2025
    + more versions
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    TRADING ECONOMICS (2025). INFLATION RATE by Country in ASIA [Dataset]. https://tradingeconomics.com/country-list/inflation-rate?continent=asia
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Jun 27, 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
    2025
    Area covered
    Asia
    Description

    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.

  11. 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
    Explore at:
    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.
    
  12. Inflation rates in G7 countries 2000-2024

    • statista.com
    Updated Jun 5, 2025
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    Statista (2025). Inflation rates in G7 countries 2000-2024 [Dataset]. https://www.statista.com/statistics/1370909/inflation-g7/
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    Dataset updated
    Jun 5, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Canada
    Description

    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.

  13. 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
    Explore at:
    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.
    
  14. Inflation rate and central bank interest rate 2025, by selected countries

    • statista.com
    • ai-chatbox.pro
    Updated Jun 2, 2025
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    Statista (2025). Inflation rate and central bank interest rate 2025, by selected countries [Dataset]. https://www.statista.com/statistics/1317878/inflation-rate-interest-rate-by-country/
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    Dataset updated
    Jun 2, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Apr 2025
    Area covered
    Worldwide
    Description

    In April 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 21 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.1 percent in April 2025. In contrast, Russia maintained a high inflation rate of 10.2 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

  15. M

    Pakistan Inflation Rate (1960-2024)

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). Pakistan Inflation Rate (1960-2024) [Dataset]. https://www.macrotrends.net/global-metrics/countries/PAK/pakistan/inflation-rate-cpi
    Explore at:
    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
    Pakistan
    Description
    Pakistan inflation rate for 2024 was 12.63%, a 18.14% decline from 2023.
    <ul style='margin-top:20px;'>
    
    <li>Pakistan inflation rate for 2023 was <strong>30.77%</strong>, a <strong>10.89% increase</strong> from 2022.</li>
    <li>Pakistan inflation rate for 2022 was <strong>19.87%</strong>, a <strong>10.38% increase</strong> from 2021.</li>
    <li>Pakistan inflation rate for 2021 was <strong>9.50%</strong>, a <strong>0.24% 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.
    
  16. T

    INFLATION RATE by Country in AFRICA

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Jun 28, 2025
    + more versions
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    TRADING ECONOMICS (2025). INFLATION RATE by Country in AFRICA [Dataset]. https://tradingeconomics.com/country-list/inflation-rate?continent=africa
    Explore at:
    xml, excel, json, csvAvailable download formats
    Dataset updated
    Jun 28, 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
    2025
    Area covered
    Africa
    Description

    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.

  17. F

    Inflation, consumer prices for the United States

    • fred.stlouisfed.org
    json
    Updated Apr 16, 2025
    + more versions
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    (2025). Inflation, consumer prices for the United States [Dataset]. https://fred.stlouisfed.org/graph/?g=lXs0
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    jsonAvailable download formats
    Dataset updated
    Apr 16, 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 Inflation, consumer prices for the United States from 1960 to 2024 about consumer, CPI, inflation, price index, indexes, price, and USA.

  18. M

    Japan Inflation Rate (1960-2024)

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). Japan Inflation Rate (1960-2024) [Dataset]. https://www.macrotrends.net/global-metrics/countries/jpn/japan/inflation-rate-cpi
    Explore at:
    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 - Dec 31, 2024
    Area covered
    Japan
    Description

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

  19. M

    China Inflation Rate (1987-2024)

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). China Inflation Rate (1987-2024) [Dataset]. https://www.macrotrends.net/global-metrics/countries/chn/china/inflation-rate-cpi
    Explore at:
    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
    China
    Description
    China inflation rate for 2024 was 0.22%, a 0.02% decline from 2023.
    <ul style='margin-top:20px;'>
    
    <li>China inflation rate for 2023 was <strong>0.23%</strong>, a <strong>1.74% decline</strong> from 2022.</li>
    <li>China inflation rate for 2022 was <strong>1.97%</strong>, a <strong>0.99% increase</strong> from 2021.</li>
    <li>China inflation rate for 2021 was <strong>0.98%</strong>, a <strong>1.44% 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.
    
  20. T

    Japan Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 19, 2025
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    TRADING ECONOMICS (2025). Japan Inflation Rate [Dataset]. https://tradingeconomics.com/japan/inflation-cpi
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Jun 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, 1958 - May 31, 2025
    Area covered
    Japan
    Description

    Inflation Rate in Japan decreased to 3.50 percent in May from 3.60 percent in April of 2025. This dataset provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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Statista (2025). Global inflation rate from 2000 to 2030 [Dataset]. https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/
Organization logo

Global inflation rate from 2000 to 2030

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49 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
May 28, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Apr 2025
Area covered
Worldwide
Description

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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