economy
Inflation Rate
Annual percentage change in consumer prices globally. Reflects the rate at which the general level of prices for goods and services rises.
WLDTier 1 Source
Inflation Rate
Official value (2024): 297.20%
+106.8%in time period
Inflation Rate growth (2015–2024)
+106.8%in time period
Chart data: 2015: 1.437 % per year, 2016: 1.597 % per year, 2017: 2.223 % per year, 2018: 2.443 % per year, 2019: 2.227 % per year, 2020: 1.905 % per year, 2021: 3.475 % per year, 2022: 7.985 % per year, 2023: 5.87 % per year, 2024: 2.972 % per year
Top Countries by Inflation Rate (2023)
RankCountry% per yearShare
#1
Argentina
219.884
7,398.51%
#2
South Sudan
91.441
3,076.74%
#3
Turkiye
58.506
1,968.59%
#4
West Bank and Gaza
53.669
1,805.82%
#5
Lebanon
45.243
1,522.31%
#6
Nigeria
33.242
1,118.51%
#7
Iran, Islamic Rep.
32.456
1,092.05%
#8
Malawi
32.18
1,082.76%
#9
Sierra Leone
28.634
963.45%
#10
Egypt, Arab Rep.
28.271
951.23%
Frequently Asked Questions
- What is Inflation Rate in 2024?
- As of 2024, Inflation Rate stands at approximately 2.97% % per year, based on official data from International Monetary Fund. This figure is updated annually and reflects the most recent verified measurement available.
- Which country has the highest Inflation Rate?
- Argentina leads the global ranking with 219.88% % per year, accounting for 7398.5% of the world total. Rankings are published annually by International Monetary Fund.
- Is Inflation Rate increasing or decreasing?
- Inflation Rate is currently declining at approximately 49.4% per year. This rate is derived from the most recent multi-year trend reported by International Monetary Fund.
- What does Inflation Rate measure?
- Annual percentage change in consumer prices globally. Data is collected by International Monetary Fund using standardized international methodology across all member countries.
How is this calculated? Read the methodology