List of countries by inflation rate

This is the list of countries by annual inflation rate. Inflation is defined as a positive annual percent change in consumer prices compared with the previous year's consumer prices, and means generally a 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.

World map by annual inflation rate in % (consumer prices), 2024, according to World Bank^[1]

below -1   -1 to 0   0 to 1   1 to 2   2 to 3

3 to 4   4 to 5   5 to 20   above 20   no data

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 annual inflation rate

The following table provides information on the annual inflation of the consumer price indices based on data published by World Bank.^[1] For cumulative inflation or change in consumer price indices see list of consumer price indices.

Country	Annual inflation rate of consumer price index in % (World Bank)[1]
	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Afghanistan	-0.7	4.4	5.0	0.6	2.3	5.6	5.1	13.7	-4.6	-6.6
Albania	1.9	1.3	2.0	2.0	1.4	1.6	2.0	6.7	4.8	2.2
Algeria	4.8	6.4	5.6	4.3	2.0	2.4	7.2	9.3	9.3	4.0
Angola	9.4	30.7	29.8	19.6	17.1	22.3	25.8	21.4	13.6	28.2
Antigua and Barbuda	1.0	-0.5	2.4	1.2	1.4	0.6	2.1	7.5	5.1	6.2
Armenia	3.7	-1.4	1.0	2.5	1.4	1.2	7.2	8.6	2.0	0.3
Aruba	0.5	-0.9	-1.0	3.6	4.3
Australia	1.5	1.3	1.9	1.9	1.6	0.8	2.9	6.6	5.6	3.2
Austria	0.9	0.9	2.1	2.0	1.5	1.4	2.8	8.5	7.8	2.9
Azerbaijan	4.0	12.4	12.9	2.3	2.6	2.8	6.7	13.9	8.8	2.2
Bahamas	1.9	-0.3	1.5	2.3	2.5	0.0	2.9	5.6	3.1	0.4
Bahrain	1.8	2.8	1.4	2.1	1.0	-2.3	-0.6	3.6	0.1	0.9
Bangladesh	6.2	5.5	5.7	5.5	5.6	5.7	5.5	7.7	9.9	10.5
Barbados	-1.1	1.3	4.7	3.7	4.1				9.8	-0.5
Belarus	13.5	11.8	6.0	4.9	5.6	5.5	9.5	15.2	5.0	5.8
Belgium	0.6	2.0	2.1	2.1	1.4	0.7	2.4	9.6	4.0	3.1
Belize	-0.9	0.7	1.1	0.3	0.2	0.1	3.2	6.3	4.4	3.3
Benin	0.2	-0.8	0.0	0.9	0.7	3.0	1.7	1.4	2.7	1.2
Bhutan	4.5	3.2	5.0	2.7	2.7	5.6	7.3	5.6	4.2	2.8
Bolivia	4.1	3.6	2.8	2.3	1.8	0.9	0.7	1.7	2.6	5.1
Bosnia and Herzegovina	-1.0	-1.6	0.8	1.4	0.6	-1.1	2.0	14.0	6.1	1.7
Botswana	3.1	2.8	3.3	3.2	2.8	1.9	7.2	11.7	5.1	2.8
Brazil	9.0	8.7	3.4	3.7	3.7	3.2	8.3	9.3	4.6	4.4
Brunei Darussalam	-0.5	-0.3	-1.3	1.0	-0.4	1.9	1.7	3.7	0.4	-0.4
Bulgaria	-0.1	-0.8	2.1	2.8	3.1	1.7	3.3	15.3	9.4	2.4
Burkina Faso	0.7	0.4	1.5	2.0	-3.2	1.9	3.7	14.3	0.7	4.2
Burundi	5.5	5.6	16.1	-2.8	-0.7	7.3	8.4	18.8	26.9	20.2
Cabo Verde	0.1	-1.4	0.8	1.3	1.1	0.6	1.9	7.9	3.7	1.0
Cambodia	1.2	3.0	2.9	2.5	1.9	2.9	2.9	5.3	2.1
Cameroon	2.7	0.9	0.6	1.1	2.5	2.4	2.3	6.2	7.4	4.5
Canada	1.1	1.4	1.6	2.3	1.9	0.7	3.4	6.8	3.9	2.4
Cayman Islands	-2.3	-0.6
Central African Republic	1.4	4.9	4.2	1.6	2.7	1.7	4.3	5.6	3.0
Chad	4.4	-0.8	-1.5	4.3	-1.0	4.5	-0.8	5.8	10.8	8.9
Chile	4.3	3.8	2.2	2.4	2.6	3.0	4.5	11.6	7.6	4.3
China	1.4	2.0	1.6	2.1	2.9	2.4	1.0	2.0	0.2	0.2
Colombia	5.0	7.5	4.3	3.2	3.5	2.5	3.5	10.2	11.7	6.6
Costa Rica	0.8	-0.0	1.6	2.2	2.1	0.7	1.7	8.3	0.5	-0.4
Croatia	-0.5	-1.1	1.1	1.5	0.8	0.2	2.6	10.8	7.9	3.0
Curaçao	-0.5	-0.0	1.6	2.6	2.6
Cyprus	-2.1	-1.4	0.5	1.4	0.3	-0.6	2.4	8.4	3.5	1.8
Czech Republic	0.3	0.7	2.5	2.1	2.8	3.2	3.8	15.1	10.7	2.4
DR Congo	0.7	2.9
Denmark	0.5	0.3	1.1	0.8	0.8	0.4	1.9	7.7	3.3	1.4
Djibouti	-0.8	2.7	0.6	0.1	3.3	1.8	1.2	5.2	1.5	2.1
Dominica	-0.8	0.1	0.3	1.0	1.5	1.2	2.2	2.9	5.1	2.6
Dominican Republic	0.8	1.6	3.3	3.6	1.8	3.8	8.2	8.8	4.8	3.3
East Timor	0.6	-1.3	0.6	2.6	1.0	0.5	3.7	7.0	8.4	2.1
Ecuador	4.0	1.7	0.4	-0.2	0.3	-0.3	0.1	3.5	2.2	1.5
Egypt	10.4	13.8	29.5	14.4	9.2	5.0	5.2	13.9	33.9	28.3
El Salvador	-0.7	0.6	1.0	1.1	0.1	-0.4	3.5	7.2	4.0	0.9
Equatorial Guinea	1.7	1.4	0.7	1.1	1.5	4.8	-0.1	4.8
Estonia	-0.5	0.1	3.4	3.4	2.3	-0.4	4.7	19.4	9.2	3.5
Eswatini	5.0	7.8	6.2	4.8	2.6
Ethiopia	9.6	6.6	10.7	13.8	15.8	20.4	26.8	33.9	30.2	21.0
Fiji	1.4	3.9	3.3	4.1	1.8	-2.6	0.2	4.3	2.3	4.5
Finland	-0.2	0.4	0.8	1.1	1.0	0.3	2.2	7.1	6.3	1.6
France	0.0	0.2	1.0	1.9	1.1	0.5	1.6	5.2	4.9	2.0
Gabon	-0.3	2.1	2.7	4.7	2.5	1.4	1.1	4.2	3.6	1.2
Georgia	4.0	2.1	6.0	2.6	4.9	5.2	9.6	11.9	2.5	1.1
Germany	0.5	0.5	1.5	1.7	1.4	0.1	3.1	6.9	5.9	2.3
Ghana	17.1	17.5	12.4	7.8	7.1	9.9	10.0	31.3	38.1	22.8
Greece	-1.7	-0.8	1.1	0.6	0.3	-1.2	1.2	9.6	3.5	2.7
Grenada	-0.5	1.7	0.9	0.8	0.6	-0.7	1.2	2.6	2.7	1.1
Guatemala	2.4	4.4	4.4	3.8	3.7	3.2	4.3	6.9	6.2	2.9
Guinea	11.8	8.2	8.9	9.8	9.5	10.6	12.6	10.5	7.8	8.1
Guinea-Bissau	1.5	1.5	1.7	0.4	0.2	1.1	2.2	9.4	7.1	3.8
Guyana	-1.0	0.8	1.9	1.3	2.1	1.0	5.0	6.1	2.8	2.9
Haiti	6.7	11.5	10.7	12.5	18.7	22.8	16.8	34.0	36.8	26.9
Honduras	3.2	2.7	3.9	4.3	4.4	3.5	4.5	9.1	6.7	4.6
Hong Kong	3.0	2.4	1.5	2.4	2.9	0.3	1.6	1.9	2.1	1.7
Hungary	-0.1	0.4	2.3	2.9	3.3	3.3	5.1	14.6	17.1	3.7
Iceland	1.6	1.7	1.8	2.7	3.0	2.8	4.4	8.3	8.7	5.9
India	4.9	4.9	3.3	3.9	3.7	6.6	5.1	6.7	5.6	5.0
Indonesia	6.4	3.5	3.8	3.2	3.0	1.9	1.6	4.2	3.7
Iran	12.5	7.2	8.0	18.0	39.9	30.6	43.4	43.5	44.6	32.5
Iraq	1.4	0.6	0.2	0.4	-0.2	0.6	6.0	5.0	4.4
Ireland	-0.3	0.0	0.4	0.5	0.9	-0.3	2.3	7.8	6.3	2.1
Israel	-0.6	-0.6	0.3	0.8	0.8	-0.6	1.5	4.4	4.2	3.1
Italy	0.0	-0.1	1.2	1.1	0.6	-0.1	1.9	8.2	5.6	1.0
Ivory Coast	1.3	0.7	0.7	0.4	-1.1	2.4	4.1	5.3	4.4	3.5
Jamaica	3.7	2.4	4.4	3.7	3.9	5.2	5.9	10.3	6.5	5.4
Japan	0.8	-0.1	0.5	1.0	0.5	-0.0	-0.2	2.5	3.3	2.7
Jordan	-0.9	-0.8	3.3	4.5	0.8	0.3	1.3	4.2	2.1	1.6
Kazakhstan	6.7	14.4	7.4	6.2	5.3	6.7	8.0	15.0	14.7	8.8
Kenya	6.6	6.3	8.0	4.7	5.2	5.4	6.1	7.7	7.7	4.5
Kiribati	0.6	1.9	0.4	0.6	-1.8	2.6	2.1	5.3	9.3
Kosovo	-0.5	0.3	1.5	1.1	2.7	0.2	3.4	11.6	4.9	1.6
Kuwait	3.3	3.2	2.2	0.5	1.1	2.1	3.4	4.0	3.6	2.9
Kyrgyzstan	6.5	0.4	3.2	1.5	1.1	6.3	11.9	13.9	10.8
Laos	1.3	1.6	0.8	2.0	3.3	5.1	3.8	23.0	31.2	23.1
Latvia	0.2	0.1	2.9	2.5	2.8	0.2	3.3	17.3	8.9	1.3
Lebanon	-3.7	-0.8	4.3	6.1	3.0	84.9	154.8	171.2	221.3	45.2
Lesotho	3.2	6.6	4.4	4.8	5.2	5.0	6.0	8.3	6.3	6.1
Liberia	7.7	8.8	12.4	23.6	27.0	17.0	7.8	7.6	10.1
Libya	10.4	25.9	25.8	13.2	-2.2	1.4	2.9	4.5	2.4	2.1
Lithuania	-0.9	0.9	3.7	2.7	2.3	1.2	4.7	19.7	9.1	0.7
Luxembourg	0.5	0.3	1.7	1.5	1.7	0.8	2.5	6.3	3.7	2.1
Macau	4.6	2.4	1.2	3.0	2.8	0.8	0.0	1.0	0.5
Madagascar	7.4	6.0	8.6	8.6	5.6	4.2	5.8	8.2	9.9
Malawi	21.9	21.7	11.5	12.4	9.4	8.6	9.3	21.0	28.8	32.2
Malaysia	2.1	2.1	3.9	0.9	0.7	-1.1	2.5	3.4	2.5	1.8
Maldives	1.0	0.5	2.8	-0.1	0.2	-1.4	0.5	2.3	2.9	1.4
Mali	1.5	-1.8	1.8	0.3	-1.7	0.4	3.9	9.6	2.1	3.2
Malta	1.1	0.6	1.4	1.2	1.6	0.6	1.5	6.2	5.1	1.7
Mauritania	3.3	1.5	2.3	3.1	2.3	2.4	3.6	9.5	5.0	2.5
Mauritius	1.3	1.0	3.7	3.2	0.4	2.6	4.0	10.8	7.1	3.6
Mexico	2.7	2.8	6.0	4.9	3.6	3.4	5.7	7.9	5.5	4.7
Micronesia	-0.3	-1.0	0.6	1.5	1.9	0.6	3.2	5.4
Moldova	9.7	6.4	6.6	3.0	4.8	3.8	5.1	28.7	13.4	4.7
Mongolia	5.7	0.7	4.3	6.8	7.3	3.8	7.4	15.1	10.3	6.8
Montenegro	1.5	-0.3	2.4	2.6	0.4	-0.3	2.4	13.0	8.6	3.3
Morocco	1.6	1.6	0.8	1.8	0.3	0.7	1.4	6.7	6.1	1.0
Mozambique	3.6	17.4	15.1	3.9	2.8	3.5	6.4	10.3	7.1	4.1
Myanmar	9.5	6.9	4.6	6.9	8.8
Namibia	3.4	6.7	6.1	4.3	3.7	2.2	3.6	6.1	5.9	4.2
Nepal	7.9	8.8	3.6	4.1	5.6	5.1	4.1	7.7	7.1
Netherlands	0.6	0.3	1.4	1.7	2.6	1.3	2.7	10.0	3.8	3.3
New Caledonia	0.6	0.6
New Zealand	0.3	0.6	1.9	1.6	1.6	1.7	3.9	7.2	5.7	2.9
Nicaragua	4.0	3.5	3.9	4.9	5.4	3.7	4.9	10.5	8.4	4.6
Niger	-0.6	1.7	2.8	3.0	-2.5	2.9	3.8	4.2	3.7	9.1
Nigeria	9.0	15.7	16.5	12.1	11.4	13.2	17.0	18.8	24.7	33.2
North Macedonia	-0.3	-0.2	1.4	1.5	0.8	1.2	3.2	14.2	9.4	3.5
Norway	2.2	3.5	1.9	2.8	2.2	1.3	3.5	5.8	5.5	3.1
Oman	0.1	1.1	1.6	0.9	0.5	-0.4	1.7	2.5	1.0
Pakistan	2.5	3.8	4.1	5.1	10.6	9.7	9.5	19.9	30.8	12.6
Palau	0.9	-1.0	1.4	2.1	0.3	0.2	2.6	12.4	12.8	2.2
Palestine	1.4	-0.2	0.2	-0.2	1.6	-0.7	1.2	3.7	5.9	53.7
Panama	0.1	0.7	0.9	0.8	-0.4	-1.6	1.6	2.9	1.5	0.7
Papua New Guinea	6.0	6.7	5.4	4.4	3.9	4.9	4.5	5.3	2.3	0.6
Paraguay	3.1	4.1	3.6	4.0	2.8	1.8	4.8	9.8	4.6	3.8
Peru	3.4	3.6	3.0	1.5	2.3	2.0	4.3	8.3	6.5	2.0
Philippines	0.7	1.3	2.9	5.3	2.4	2.4	3.9	5.8	6.0	3.2
Poland	-0.9	-0.7	2.1	1.8	2.2	3.4	5.1	14.4	11.5	3.8
Portugal	0.5	0.6	1.4	1.0	0.3	-0.0	1.3	7.8	4.3	2.4
Qatar	1.8	2.7	0.4	0.3	-0.7	-2.5	2.3	5.0	3.0	1.3
Republic of the Congo	3.2	3.2	0.5	1.2	2.2	1.8	1.7	3.0	4.3	3.1
Romania	-0.6	-1.5	1.3	4.6	3.8	2.6	5.1	13.8	10.4	5.7
Russia	15.5	7.0	3.7	2.9	4.5	3.4	6.7
Rwanda	2.5	7.2	8.3	-0.3	3.3	9.9	-0.4	17.7	19.8	1.8
Saint Kitts and Nevis	-2.3	-0.7	0.7	-1.0	-0.3	-1.2	1.2	2.7	3.6
Saint Lucia	-1.0	-3.1	0.1	1.9	0.5	-1.8	2.4	6.4	4.1	-0.1
Samoa	0.7	1.3	1.7	4.2	1.0	-1.6	3.1	11.0	7.9	2.2
San Marino	0.1	0.6	1.0	1.2	0.5	-0.1	1.6	5.3	5.9	1.2
Saudi Arabia	1.2	2.1	-0.8	2.5	-2.1	3.4	3.1	2.5	2.3	1.7
Senegal	0.1	0.8	1.3	0.5	1.8	2.5	2.2	9.7	5.9	0.8
Serbia	1.4	1.1	3.1	2.0	1.8	1.6	4.1	12.0	12.4	4.7
Seychelles	4.0	-1.0	2.9	3.7	1.8	1.2	9.8	2.6	-1.0	0.3
Sierra Leone	6.7	10.9	18.2	16.0	14.8	13.4	11.9	27.2	47.6	28.6
Singapore	-0.5	-0.5	0.6	0.4	0.6	-0.2	2.3	6.1	4.8	2.4
Sint Maarten	0.3	0.1	2.2
Slovakia	-0.3	-0.5	1.3	2.5	2.7	1.9	3.1	12.8	10.5	2.8
Slovenia	-0.5	-0.1	1.4	1.7	1.6	-0.1	1.9	8.8	7.4	2.0
Solomon Islands	-0.6	0.5	0.5	3.5	1.6	3.0	-0.1	5.5	5.9
South Africa	4.5	6.6	5.2	4.5	4.1	3.2	4.6	7.0	6.1	4.4
South Korea	0.7	1.0	1.9	1.5	0.4	0.5	2.5	5.1	3.6	2.3
South Sudan	52.8	380.0	187.9	83.5	87.2	29.7	10.5	-6.7	2.4	91.4
Spain	-0.5	-0.2	2.0	1.7	0.7	-0.3	3.1	8.4	3.5	2.8
Sri Lanka	3.8	4.0	7.7	2.1	3.5	6.2	7.0	49.7	16.5	-0.4
St. Vincent and Grenadines	-1.7	-0.1	2.2	2.3	0.9	-0.6	1.6	5.7	4.6	3.6
Sudan	16.9	17.8	32.4	63.3	51.0	163.3	359.1	138.8
Suriname	6.9	55.4	22.0			34.9	59.1	52.4	51.6	16.2
Sweden	-0.0	1.0	1.8	2.0	1.8	0.5	2.2	8.4	8.5	2.8
Switzerland	-1.1	-0.4	0.5	0.9	0.4	-0.7	0.6	2.8	2.1	1.1
Syria	38.5	47.7	18.1	0.9	13.4
São Tomé and Príncipe	5.2	5.4	5.7	7.9	7.7	9.8	8.1	18.0	21.3	14.4
Tajikistan	5.7	6.0
Tanzania	5.6	5.2	5.3	3.5	3.5	3.3	3.7	4.4	3.8	3.1
Thailand	-0.9	0.2	0.7	1.1	0.7	-0.8	1.2	-1.6	8.5	1.4
The Gambia	6.8	7.2	8.0	6.5	7.1	5.9	7.4	11.5	17.0	11.6
Togo	2.6	1.3	-1.0	0.9	0.7	1.8	4.6	7.6	5.3	2.9
Tonga	-1.1	2.6	7.5	5.0	1.2	-0.3	5.6	11.0	6.4	3.2
Trinidad and Tobago	4.7	3.1	1.9	1.0	1.0	0.6	2.1	5.8	4.6	0.5
Tunisia	4.4	3.6	5.3	7.3	6.7	5.6	5.7	8.3	9.3	7.2
Turkey	7.7	7.8	11.1	16.3	15.2	12.3	19.6	72.3	53.9	58.5
Uganda	5.6	5.7	5.2	2.6	2.9	3.3	2.2	7.2	5.4	3.3
Ukraine	48.7	13.9	14.4	11.0	7.9	2.7	9.4	20.2	12.8	6.5
United Arab Emirates	4.1	1.6	2.0	3.1	-1.9	-2.1	0.2	5.3	1.6	1.7
United Kingdom	0.4	1.0	2.6	2.3	1.7	1.0	2.5	7.9	6.8	3.3
United States of America	0.1	1.3	2.1	2.4	1.8	1.2	4.7	8.0	4.1	2.9
Uruguay	8.7	9.6	6.2	7.6	7.9	9.8	7.7	9.1	5.9	4.8
Uzbekistan	8.8	8.1	13.9	17.5	14.5	12.9	10.8	11.4	10.0	9.6
Vanuatu	2.5	0.8	3.1	2.3	2.8	5.3	2.3	6.7	11.2
Venezuela	121.7	254.9
Vietnam	0.6	2.7	3.5	3.5	2.8	3.2	1.8	3.2	3.3	3.6
Zambia	10.1	17.9	6.6	7.5	9.2	15.7	22.0	11.0	10.9	15.0
Zimbabwe	-2.4	-1.5	0.9	10.6	255.3	557.2	98.5	104.7

See also

• Consumer price index by country
• Inflation targeting
• List of sovereign states by central bank interest rates