Inflation Rate by Country
Annual percentage change in consumer prices. Argentina faces hyperinflation at 133.5%, while China is near deflation at 0.2%.
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Key Insights
- •Turkey and Argentina face severe inflation crises
- •Most developed nations saw inflation spike post-COVID
- •China is experiencing near-deflation
Country Rankings
Top 10 Countries
Bottom 10 Countries
Data Analysis
Value Distribution
How countries are distributed across the value range
Regional Comparison
Average values by world region (Global avg: 12.1%)
Correlation Analysis
Correlation Analysis
Inflation vs GDP per Capita
About This Statistic
Inflation measures the rate at which the general level of prices for goods and services is rising. Central banks attempt to keep inflation around 2% as this is considered healthy for economic growth.
High inflation erodes purchasing power and savings, while deflation can lead to economic stagnation as consumers delay purchases. The post-2020 period saw elevated inflation globally due to supply chain disruptions and expansionary monetary policy.
Full Data
| Rank ↑ | Country ↕ | Value ↕ |
|---|---|---|
| 1 | Argentina | 133.5% |
| 2 | Türkiye | 53.9% |
| 3 | Pakistan | 29.2% |
| 4 | Egypt | 24.4% |
| 5 | Hungary | 17.1% |
| 6 | Poland | 11.4% |
| 7 | Czech Republic | 10.7% |
| 8 | Sweden | 8.5% |
| 9 | Austria | 7.7% |
| 10 | United Kingdom | 7.3% |
| 11 | Finland | 6.3% |
| 12 | Germany | 5.9% |
| 13 | Italy | 5.9% |
| 14 | Russian Federation | 5.9% |
| 15 | New Zealand | 5.7% |
| 16 | Australia | 5.6% |
| 17 | Mexico | 5.5% |
| 18 | Norway | 5.5% |
| 19 | India | 5.4% |
| 20 | Ireland | 5.2% |
| 21 | France | 4.9% |
| 22 | Singapore | 4.8% |
| 23 | Brazil | 4.6% |
| 24 | Portugal | 4.3% |
| 25 | Netherlands | 4.1% |
| 26 | United States of America | 4.1% |
| 27 | Belgium | 4.0% |
| 28 | Canada | 3.9% |
| 29 | South Korea | 3.6% |
| 30 | Spain | 3.4% |
| 31 | Denmark | 3.3% |
| 32 | Japan | 3.3% |
| 33 | Switzerland | 2.1% |
| 34 | People's Republic of China | 0.2% |
Topics
Related Statistics
GDP per Capita
Gross Domestic Product per person in USD. Luxembourg leads at $135,605, while many developing nations remain below $5,000.
Unemployment
Percentage of labor force without work but seeking employment. South Africa has the highest rate at 32.9%.
Healthcare Spending
Total health expenditure per person in USD. The US spends the most at $12,318 per capita.
Minimum Wage
Monthly minimum wage in USD. Luxembourg leads at $2,570/month, while some countries have no statutory minimum.
Data Source
This data comes from International Monetary Fund (2023).
View Original Source