List of countries by inflation rate

World map by inflation rate (consumer prices), 2022, according to World Bank[1]

This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value in the inflation rate and means a general decrease in purchasing power for the domestic currency in the country in question and a general increase in prices of goods and services compared to the currency—if the inflation rate is negative, that indicates deflation, a general decrease in prices of goods and services traded for a country's domestic currency.

According to World Bank, ″the Consumer price index reflects changes 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. Data are period averages.″[2]

According to United Nations Conference on Trade and Development, ″the Consumer Price Indices (CPI) is an inflationary indicator that measures the weighted average of prices of a basket of consumer goods and services, purchases by a consumer. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services during a month. Changes in CPI are used to assess price changes associated with the cost of living.″[3]

List of countries by inflation rate

The following table provides information on consumer price indices (CPI) with base year 2010 and, in addition, annual growth rate indicator, based on data published by World Bank[4][5] and United Nations Conference on Trade and Development.[6] After 2016, World Bank excluded Venezuela from the calculation of regional and world aggregations due to its exceptionally high rate of inflation.

Sorting is alphabetical by country code, according to ISO 3166-1 alpha-3.

References

  1. ^ World Bank. "Inflation, consumer prices (annual %)". databank.worldbank.org. Retrieved 10 January 2024.
  2. ^ World Bank. "Inflation, consumer prices (annual %)". databank.worldbank.org. Retrieved 10 January 2024. This article incorporates text from this source, which is available under the CC BY 4.0 license.
  3. ^ United Nations Conference on Trade and Development. "Consumer price indices, annual". unctadstat.unctad.org. Retrieved 10 January 2024. This article incorporates text from this source, which is available under the CC BY 4.0 license.
  4. ^ World Bank. "Inflation, consumer prices (annual %)". data.worldbank.org. Retrieved 10 January 2024.
  5. ^ World Bank. "Consumer price index (2010 = 100)". data.worldbank.org. Retrieved 10 January 2024.
  6. ^ United Nations Conference on Trade and Development. "Consumer price indices, annual". unctad.org. Retrieved 10 January 2024.