Inflation consumer prices (annual %)

Table of Contents

Inflation by country

Lack of map.
A map of the world, with colours to highlight the inflation consumer prices of each country. Numbers on the legend are percent.

List of all countries

Flag Position Country Number
1 Sudan 382.82
2 Lebanon 154.76
3 Zimbabwe 98.55
4 Suriname 59.11
5 Iran 43.39
6 Ethiopia 26.84
7 Angola 25.75
8 Zambia 22.02
9 Turkey 19.6
10 Nigeria 16.95
11 Haiti 16.84
12 Guinea 12.6
13 Kyrgyzstan 11.91
14 Sierra Leone 11.87
15 Uzbekistan 10.85
16 South Sudan 10.52
17 Ghana 9.97
18 Georgia 9.57
19 Pakistan 9.5
20 Belarus 9.46
21 Ukraine 9.36
22 Burundi 8.4
23 Brazil 8.3
24 Dominican Republic 8.24
25 Uruguay 7.75
26 Gambia 7.37
27 Bhutan 7.35
28 Mongolia 7.35
29 Botswana 7.24
30 Algeria 7.23
31 Armenia 7.18
32 Sri Lanka 7.01
33 Russia 6.69
34 Azerbaijan 6.65
35 Lesotho 6.05
36 Iraq 6.04
37 Jamaica 5.86
38 Madagascar 5.81
39 Tunisia 5.71
40 Mexico 5.69
41 Mozambique 5.69
42 Tonga 5.64
43 Bangladesh 5.55
44 Egypt 5.21
45 India 5.13
46 Hungary 5.11
47 Moldova 5.11
48 Poland 5.06
49 Romania 5.05
50 Guyana 5.03
51 Nicaragua 4.93
52 Paraguay 4.79
53 United States of America (USA) 4.7
54 Lithuania 4.68
55 Estonia 4.65
56 South Africa 4.61
57 Chile 4.52
58 Honduras 4.48
59 Papua New Guinea 4.48
60 Iceland 4.44
61 Peru 4.27
62 Central African Republic 4.26
63 Guatemala 4.26
64 Ivory Coast 4.09
65 Nepal 4.09
66 Serbia 4.09
67 Mauritius 4.03
68 New Zealand 3.94
69 Mali 3.93
70 Philippines 3.93
71 Czechia 3.84
72 Niger 3.84
73 Laos 3.76
74 Tanzania 3.69
75 Burkina Faso 3.65
76 Namibia 3.62
77 Mauritania 3.57
78 Colombia 3.5
79 Norway 3.48
80 El Salvador 3.47
81 Kuwait 3.42
82 Canada 3.4
83 Bulgaria 3.3
84 Latvia 3.28
85 Belize 3.24
86 North Macedonia 3.23
87 Slovakia 3.15
88 Germany 3.14
89 Samoa 3.13
90 Spain 3.09
91 Saudi Arabia 3.06
92 Cambodia 2.92
93 Bahamas 2.9
94 Australia 2.86
95 Austria 2.77
96 Netherlands 2.68
97 Palau 2.61
98 Croatia 2.55
99 Luxembourg 2.53
100 United Kingdom 2.52
101 South Korea 2.5
102 Malaysia 2.48
103 Cyprus 2.45
104 Belgium 2.44
105 Montenegro 2.41
106 Saint Lucia 2.41
107 Ireland 2.36
108 Vanuatu 2.34
109 Qatar 2.3
110 Singapore 2.3
111 Cameroon 2.27
112 Guinea-Bissau 2.24
113 Finland 2.19
114 Sweden 2.16
115 Antigua and Barbuda 2.06
116 Trinidad and Tobago 2.06
117 Albania 2.04
118 Bosnia and Herzegovina 1.98
119 Slovenia 1.92
120 Italy 1.87
121 Cabo Verde 1.86
122 Denmark 1.85
123 Vietnam 1.83
124 Benin 1.73
125 Brunei Darussalam 1.73
126 Costa Rica 1.73
127 Congo 1.72
128 France 1.64
129 Panama 1.63
130 Saint Vincent and the Grenadines 1.57
131 Indonesia 1.56
132 Oman 1.55
133 Malta 1.5
134 Israel 1.49
135 Morocco 1.4
136 Jordan 1.35
137 Portugal 1.27
138 Thailand 1.23
139 Greece 1.22
140 Grenada 1.22
141 Saint Kitts and Nevis 1.2
142 China 0.98
143 Bolivia 0.74
144 Switzerland 0.58
145 Maldives 0.54
146 Fiji 0.16
147 Ecuador 0.13
148 Solomon Islands -0.12
149 Japan -0.23
150 Rwanda -0.39
151 Bahrain -0.61
152 Chad -0.77

Bar chart

World inflation by year

World inflation by year.

Table

Year Number
1981 12.44
1982 10.22
1983 8.67
1984 8.08
1985 6.81
1986 5.78
1987 5.71
1988 7.11
1989 6.92
1990 8.06
1991 9
1992 7.64
1993 7.14
1994 10.25
1995 9.08
1996 6.53
1997 5.55
1998 5.1
1999 3.04
2000 3.43
2001 3.84
2002 2.91
2003 3.03
2004 3.52
2005 4.11
2006 4.27
2007 4.81
2008 8.95
2009 2.93
2010 3.35
2011 4.82
2012 3.73
2013 2.62
2014 2.35
2015 1.43
2016 1.55
2017 2.19
2018 2.44
2019 2.19
2020 1.92
2021 3.5

Countries with the highest inflation

Top 10 countries by inflation

What is Inflation?

Inflation is one of the reasons why we can buy less and less every year with the same amount of money. Usually, the numbers resolve around several percentages, changing depending on the situation in the given country. However, in some cases the inflation is at such a high level, it exceeds dozens of percentages, which sadly has a gigantic influence on the economy.

Nevertheless, it is important to take into account the consumer price index. As you can guess, it is basically the way to determine the increases and decreases of services and goods depending on the inflation.

What did inflation look like in history?

No matter who you talk to, all the economists around the world agree that inflation is much lower in most of the countries than it was 20-30 years ago. It is all due to the introduction of globalization and the possibility to acquire almost any good effortlessly.

Depending on the exact year, inflation has been undergoing an unsteady reduction since the 1980’s. An important thing to note is that there were plenty of economic crises that drastically increased inflation around the world. Still, at this moment it is nowhere near the values it reached in 1981, which was around 12%. The lowest inflation one could notice was recorded in 2015 and it was 1.4%. Currently, it is around 2.4%.

What are the countries with the lowest inflation?

Before we move on and indicate the top 5 countries, it is important to understand that besides inflation, the countries can also experience deflation. It is simply a situation when the general prices for all the goods and services fall down. As a result, we can purchase more with the same amount of money. In most cases, it is caused by a smaller demand. However, in the case of increased productivity, deflation can also happen.

For this reason, we should firstly look at countries that exceed in production of goods that are most common in the world. One of the best examples is, obviously, oil and all the refineries that appeared in the United Arab Emirates and Saudi Arabia. As a result, the nations recorded a consumer prices index at the level of, respectively, -1.9% and -2.1%. The other two countries that experience deflation at this moment are Mali and Cote d'Ivoire with respectively -1.7% and -1%. Another nation that surprises us with a low index value is Qatar, which is around -0.7%.

What about the highest inflations?

If the inflation index exceeds standardized value by some large margins, then it means that we are dealing with extreme corruption at the highest level of government. As a result, all the prices in the nation are exorbitantly high and disproportionate to other expenditures and, what is incredibly important, to the salaries of citizens.

One of the best examples of such a situation is Venezuela. In the last several years the highest positions in the government and at the public bodies were occupied by corrupt politicians and businessmen. There, the inflation was at the approximate level of 255%, which is several times larger than in any other country without such significant issues.

South Sudan takes second place in our shameful ranking. The situation is evenly difficult as in the case of Venezuela. However, the last recorded inflation was much smaller, and it was around 185%.

The number three is taken by Sudan with the value of 51%. However, we should bear in mind that most of the countries have much smaller inflation. For example, countries with the biggest GDP have inflation as low as Japan (only 0.5%), at the average value like Germany and the United States (respectively 1.4% and 1.8%), or a bit higher level in the case of China and India (respectively 2.9 and 7.7%).