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.

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."

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."

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. For cumulative inflation or change in consumer price indices see list of consumer price indices.

+Annual inflation rate of consumer price index in % (World Bank)Country 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 219.9113.4972.4348.4142.0253.5534.2825.68 -6.6 -4.6 13.7 5.1 5.6 2.3 0.6 5.0 4.4 -0.7 2.2 4.8 6.7 2.0 1.6 1.4 2.0 2.0 1.3 1.9 4.0 9.3 9.3 7.2 2.4 2.0 4.3 5.6 6.4 4.8 28.2 13.6 21.4 25.8 22.3 17.1 19.6 29.8 30.7 9.4 6.2 5.1 7.5 2.1 0.6 1.4 1.2 2.4 -0.5 1.0 0.3 2.0 8.6 7.2 1.2 1.4 2.5 1.0 -1.4 3.7 4.3 3.6 -1.0 -0.9 0.5 3.2 5.6 6.6 2.9 0.8 1.6 1.9 1.9 1.3 1.5 2.9 7.8 8.5 2.8 1.4 1.5 2.0 2.1 0.9 0.9 2.2 8.8 13.9 6.7 2.8 2.6 2.3 12.9 12.4 4.0 0.4 3.1 5.6 2.9 0.0 2.5 2.3 1.5 -0.3 1.9 0.9 0.1 3.6 -0.6 -2.3 1.0 2.1 1.4 2.8 1.8 10.5 9.9 7.7 5.5 5.7 5.6 5.5 5.7 5.5 6.2 -0.5 9.8 4.1 3.7 4.7 1.3 -1.1 5.8 5.0 15.2 9.5 5.5 5.6 4.9 6.0 11.8 13.5 3.1 4.0 9.6 2.4 0.7 1.4 2.1 2.1 2.0 0.6 3.3 4.4 6.3 3.2 0.1 0.2 0.3 1.1 0.7 -0.9 1.2 2.7 1.4 1.7 3.0 0.7 0.9 0.0 -0.8 0.2 2.8 4.2 5.6 7.3 5.6 2.7 2.7 5.0 3.2 4.5 5.1 2.6 1.7 0.7 0.9 1.8 2.3 2.8 3.6 4.1 1.7 6.1 14.0 2.0 -1.1 0.6 1.4 0.8 -1.6 -1.0 2.8 5.1 11.7 7.2 1.9 2.8 3.2 3.3 2.8 3.1 4.4 4.6 9.3 8.3 3.2 3.7 3.7 3.4 8.7 9.0 -0.4 0.4 3.7 1.7 1.9 -0.4 1.0 -1.3 -0.3 -0.5 2.4 9.4 15.3 3.3 1.7 3.1 2.8 2.1 -0.8 -0.1 4.2 0.7 14.3 3.7 1.9 -3.2 2.0 1.5 0.4 0.7 20.2 26.9 18.8 8.4 7.3 -0.7 -2.8 16.1 5.6 5.5 1.0 3.7 7.9 1.9 0.6 1.1 1.3 0.8 -1.4 0.1 2.1 5.3 2.9 2.9 1.9 2.5 2.9 3.0 1.2 4.5 7.4 6.2 2.3 2.4 2.5 1.1 0.6 0.9 2.7 2.4 3.9 6.8 3.4 0.7 1.9 2.3 1.6 1.4 1.1 -0.6 -2.3 3.0 5.6 4.3 1.7 2.7 1.6 4.2 4.9 1.4 8.9 10.8 5.8 -0.8 4.5 -1.0 4.3 -1.5 -0.8 4.4 4.3 7.6 11.6 4.5 3.0 2.6 2.4 2.2 3.8 4.3 0.2 0.2 2.0 1.0 2.4 2.9 2.1 1.6 2.0 1.4 6.6 11.7 10.2 3.5 2.5 3.5 3.2 4.3 7.5 5.0 -0.4 0.5 8.3 1.7 0.7 2.1 2.2 1.6 -0.0 0.8 3.0 7.9 10.8 2.6 0.2 0.8 1.5 1.1 -1.1 -0.5 2.6 2.6 1.6 -0.0 -0.5 1.8 3.5 8.4 2.4 -0.6 0.3 1.4 0.5 -1.4 -2.1 2.4 10.7 15.1 3.8 3.2 2.8 2.1 2.5 0.7 0.3 2.9 0.7 1.4 3.3 7.7 1.9 0.4 0.8 0.8 1.1 0.3 0.5 2.1 1.5 5.2 1.2 1.8 3.3 0.1 0.6 2.7 -0.8 2.6 5.1 2.9 2.2 1.2 1.5 1.0 0.3 0.1 -0.8 3.3 4.8 8.8 8.2 3.8 1.8 3.6 3.3 1.6 0.8 2.1 8.4 7.0 3.7 0.5 1.0 2.6 0.6 -1.3 0.6 1.5 2.2 3.5 0.1 -0.3 0.3 -0.2 0.4 1.7 4.0 28.3 33.9 13.9 5.2 5.0 9.2 14.4 29.5 13.8 10.4 0.9 4.0 7.2 3.5 -0.4 0.1 1.1 1.0 0.6 -0.7 4.8 -0.1 4.8 1.5 1.1 0.7 1.4 1.7 3.5 9.2 19.4 4.7 -0.4 2.3 3.4 3.4 0.1 -0.5 2.6 4.8 6.2 7.8 5.0 21.0 30.2 33.9 26.8 20.4 15.8 13.8 10.7 6.6 9.6 4.5 2.3 4.3 0.2 -2.6 1.8 4.1 3.3 3.9 1.4 1.6 6.3 7.1 2.2 0.3 1.0 1.1 0.8 0.4 -0.2 2.0 4.9 5.2 1.6 0.5 1.1 1.9 1.0 0.2 0.0 1.2 3.6 4.2 1.1 1.4 2.5 4.7 2.7 2.1 -0.3 1.1 2.5 11.9 9.6 5.2 4.9 2.6 6.0 2.1 4.0 2.3 5.9 6.9 3.1 0.1 1.4 1.7 1.5 0.5 0.5 22.8 38.1 31.3 10.0 9.9 7.1 7.8 12.4 17.5 17.1 2.7 3.5 9.6 1.2 -1.2 0.3 0.6 1.1 -0.8 -1.7 1.1 2.7 2.6 1.2 -0.7 0.6 0.8 0.9 1.7 -0.5 2.9 6.2 6.9 4.3 3.2 3.7 3.8 4.4 4.4 2.4 8.1 7.8 10.5 12.6 10.6 9.5 9.8 8.9 8.2 11.8 3.8 7.1 9.4 2.2 1.1 0.2 0.4 1.7 1.5 1.5 2.9 2.8 6.1 5.0 1.0 2.1 1.3 1.9 0.8 -1.0 26.9 36.8 34.0 16.8 22.8 18.7 12.5 10.7 11.5 6.7 4.6 6.7 9.1 4.5 3.5 4.4 4.3 3.9 2.7 3.2 1.7 2.1 1.9 1.6 0.3 2.9 2.4 1.5 2.4 3.0 3.7 17.1 14.6 5.1 3.3 3.3 2.9 2.3 0.4 -0.1 5.9 8.7 8.3 4.4 2.8 3.0 2.7 1.8 1.7 1.6 5.0 5.6 6.7 5.1 6.6 3.7 3.9 3.3 4.9 4.9 3.7 4.2 1.6 1.9 3.0 3.2 3.8 3.5 6.4 32.5 44.6 43.5 43.4 30.6 39.9 18.0 8.0 7.2 12.5 4.4 5.0 6.0 0.6 -0.2 0.4 0.2 0.6 1.4 2.1 6.3 7.8 2.3 -0.3 0.9 0.5 0.4 0.0 -0.3 3.1 4.2 4.4 1.5 -0.6 0.8 0.8 0.3 -0.6 -0.6 1.0 5.6 8.2 1.9 -0.1 0.6 1.1 1.2 -0.1 0.0 3.5 4.4 5.3 4.1 2.4 -1.1 0.4 0.7 0.7 1.3 5.4 6.5 10.3 5.9 5.2 3.9 3.7 4.4 2.4 3.7 2.7 3.3 2.5 -0.2 -0.0 0.5 1.0 0.5 -0.1 0.8 1.6 2.1 4.2 1.3 0.3 0.8 4.5 3.3 -0.8 -0.9 8.8 14.7 15.0 8.0 6.7 5.3 6.2 7.4 14.4 6.7 4.5 7.7 7.7 6.1 5.4 5.2 4.7 8.0 6.3 6.6 9.3 5.3 2.1 2.6 -1.8 0.6 0.4 1.9 0.6 1.6 4.9 11.6 3.4 0.2 2.7 1.1 1.5 0.3 -0.5 2.9 3.6 4.0 3.4 2.1 1.1 0.5 2.2 3.2 3.3 10.8 13.9 11.9 6.3 1.1 1.5 3.2 0.4 6.5 23.1 31.2 23.0 3.8 5.1 3.3 2.0 0.8 1.6 1.3 1.3 8.9 17.3 3.3 0.2 2.8 2.5 2.9 0.1 0.2 45.2 221.3 171.2 154.8 84.9 3.0 6.1 4.3 -0.8 -3.7 6.1 6.3 8.3 6.0 5.0 5.2 4.8 4.4 6.6 3.2 10.1 7.6 7.8 17.0 27.0 23.6 12.4 8.8 7.7 2.1 2.4 4.5 2.9 1.4 -2.2 13.2 25.8 25.9 10.4 0.7 9.1 19.7 4.7 1.2 2.3 2.7 3.7 0.9 -0.9 2.1 3.7 6.3 2.5 0.8 1.7 1.5 1.7 0.3 0.5 0.5 1.0 0.0 0.8 2.8 3.0 1.2 2.4 4.6 9.9 8.2 5.8 4.2 5.6 8.6 8.6 6.0 7.4 32.2 28.8 21.0 9.3 8.6 9.4 12.4 11.5 21.7 21.9 1.8 2.5 3.4 2.5 -1.1 0.7 0.9 3.9 2.1 2.1 1.4 2.9 2.3 0.5 -1.4 0.2 -0.1 2.8 0.5 1.0 3.2 2.1 9.6 3.9 0.4 -1.7 0.3 1.8 -1.8 1.5 1.7 5.1 6.2 1.5 0.6 1.6 1.2 1.4 0.6 1.1 2.5 5.0 9.5 3.6 2.4 2.3 3.1 2.3 1.5 3.3 3.6 7.1 10.8 4.0 2.6 0.4 3.2 3.7 1.0 1.3 4.7 5.5 7.9 5.7 3.4 3.6 4.9 6.0 2.8 2.7 5.4 3.2 0.6 1.9 1.5 0.6 -1.0 -0.3 4.7 13.4 28.7 5.1 3.8 4.8 3.0 6.6 6.4 9.7 6.8 10.3 15.1 7.4 3.8 7.3 6.8 4.3 0.7 5.7 3.3 8.6 13.0 2.4 -0.3 0.4 2.6 2.4 -0.3 1.5 1.0 6.1 6.7 1.4 0.7 0.3 1.8 0.8 1.6 1.6 4.1 7.1 10.3 6.4 3.5 2.8 3.9 15.1 17.4 3.6 8.8 6.9 4.6 6.9 9.5 4.2 5.9 6.1 3.6 2.2 3.7 4.3 6.1 6.7 3.4 7.1 7.7 4.1 5.1 5.6 4.1 3.6 8.8 7.9 3.3 3.8 10.0 2.7 1.3 2.6 1.7 1.4 0.3 0.6   New Caledonia 0.6 0.6 2.9 5.7 7.2 3.9 1.7 1.6 1.6 1.9 0.6 0.3 4.6 8.4 10.5 4.9 3.7 5.4 4.9 3.9 3.5 4.0 9.1 3.7 4.2 3.8 2.9 -2.5 3.0 2.8 1.7 -0.6 33.2 24.7 18.8 17.0 13.2 11.4 12.1 16.5 15.7 9.0 3.5 9.4 14.2 3.2 1.2 0.8 1.5 1.4 -0.2 -0.3 3.1 5.5 5.8 3.5 1.3 2.2 2.8 1.9 3.5 2.2 1.0 2.5 1.7 -0.4 0.5 0.9 1.6 1.1 0.1 12.6 30.8 19.9 9.5 9.7 10.6 5.1 4.1 3.8 2.5 2.2 12.8 12.4 2.6 0.2 0.3 2.1 1.4 -1.0 0.9 53.7 5.9 3.7 1.2 -0.7 1.6 -0.2 0.2 -0.2 1.4 0.7 1.5 2.9 1.6 -1.6 -0.4 0.8 0.9 0.7 0.1 0.6 2.3 5.3 4.5 4.9 3.9 4.4 5.4 6.7 6.0 3.8 4.6 9.8 4.8 1.8 2.8 4.0 3.6 4.1 3.1 2.0 6.5 8.3 4.3 2.0 2.3 1.5 3.0 3.6 3.4 3.2 6.0 5.8 3.9 2.4 2.4 5.3 2.9 1.3 0.7 3.8 11.5 14.4 5.1 3.4 2.2 1.8 2.1 -0.7 -0.9 2.4 4.3 7.8 1.3 -0.0 0.3 1.0 1.4 0.6 0.5 1.3 3.0 5.0 2.3 -2.5 -0.7 0.3 0.4 2.7 1.8 3.1 4.3 3.0 1.7 1.8 2.2 1.2 0.5 3.2 3.2 5.7 10.4 13.8 5.1 2.6 3.8 4.6 1.3 -1.5 -0.6 6.7 3.4 4.5 2.9 3.7 7.0 15.5 1.8 19.8 17.7 -0.4 9.9 3.3 -0.3 8.3 7.2 2.5 3.6 2.7 1.2 -1.2 -0.3 -1.0 0.7 -0.7 -2.3 -0.1 4.1 6.4 2.4 -1.8 0.5 1.9 0.1 -3.1 -1.0 2.2 7.9 11.0 3.1 -1.6 1.0 4.2 1.7 1.3 0.7 1.2 5.9 5.3 1.6 -0.1 0.5 1.2 1.0 0.6 0.1 1.7 2.3 2.5 3.1 3.4 -2.1 2.5 -0.8 2.1 1.2 0.8 5.9 9.7 2.2 2.5 1.8 0.5 1.3 0.8 0.1 4.7 12.4 12.0 4.1 1.6 1.8 2.0 3.1 1.1 1.4 0.3 -1.0 2.6 9.8 1.2 1.8 3.7 2.9 -1.0 4.0 28.6 47.6 27.2 11.9 13.4 14.8 16.0 18.2 10.9 6.7 2.4 4.8 6.1 2.3 -0.2 0.6 0.4 0.6 -0.5 -0.5 2.2 0.1 0.3 2.8 10.5 12.8 3.1 1.9 2.7 2.5 1.3 -0.5 -0.3 2.0 7.4 8.8 1.9 -0.1 1.6 1.7 1.4 -0.1 -0.5 5.9 5.5 -0.1 3.0 1.6 3.5 0.5 0.5 -0.6 4.4 6.1 7.0 4.6 3.2 4.1 4.5 5.2 6.6 4.5 2.3 3.6 5.1 2.5 0.5 0.4 1.5 1.9 1.0 0.7 91.4 2.4 -6.7 10.5 29.7 87.2 83.5 187.9 380.0 52.8 2.8 3.5 8.4 3.1 -0.3 0.7 1.7 2.0 -0.2 -0.5 -0.4 16.5 49.7 7.0 6.2 3.5 2.1 7.7 4.0 3.8 3.6 4.6 5.7 1.6 -0.6 0.9 2.3 2.2 -0.1 -1.7 138.8 359.1 163.3 51.0 63.3 32.4 17.8 16.9 16.2 51.6 52.4 59.1 34.9 22.0 55.4 6.9 2.8 8.5 8.4 2.2 0.5 1.8 2.0 1.8 1.0 -0.0 1.1 2.1 2.8 0.6 -0.7 0.4 0.9 0.5 -0.4 -1.1 13.4 0.9 18.1 47.7 38.5 14.4 21.3 18.0 8.1 9.8 7.7 7.9 5.7 5.4 5.2 6.0 5.7 3.1 3.8 4.4 3.7 3.3 3.5 3.5 5.3 5.2 5.6 1.4 8.5 -1.6 1.2 -0.8 0.7 1.1 0.7 0.2 -0.9 11.6 17.0 11.5 7.4 5.9 7.1 6.5 8.0 7.2 6.8 2.9 5.3 7.6 4.6 1.8 0.7 0.9 -1.0 1.3 2.6 3.2 6.4 11.0 5.6 -0.3 1.2 5.0 7.5 2.6 -1.1 0.5 4.6 5.8 2.1 0.6 1.0 1.0 1.9 3.1 4.7 7.2 9.3 8.3 5.7 5.6 6.7 7.3 5.3 3.6 4.4 58.5 53.9 72.3 19.6 12.3 15.2 16.3 11.1 7.8 7.7 3.3 5.4 7.2 2.2 3.3 2.9 2.6 5.2 5.7 5.6 6.5 12.8 20.2 9.4 2.7 7.9 11.0 14.4 13.9 48.7 1.7 1.6 5.3 0.2 -2.1 -1.9 3.1 2.0 1.6 4.1 3.3 6.8 7.9 2.5 1.0 1.7 2.3 2.6 1.0 0.4 2.9 4.1 8.0 4.7 1.2 1.8 2.4 2.1 1.3 0.1 4.8 5.9 9.1 7.7 9.8 7.9 7.6 6.2 9.6 8.7 9.6 10.0 11.4 10.8 12.9 14.5 17.5 13.9 8.1 8.8 11.2 6.7 2.3 5.3 2.8 2.3 3.1 0.8 2.5 254.9 121.7 3.6 3.3 3.2 1.8 3.2 2.8 3.5 3.5 2.7 0.6 15.0 10.9 11.0 22.0 15.7 9.2 7.5 6.6 17.9 10.1 104.7 98.5 557.2 255.3 10.6 0.9 -1.5 -2.4

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

References