Inflation Rate by Country
What Is Inflation Rate?
The Inflation Rate measures the annual percentage increase in a country’s overall price level, typically using a Consumer Price Index (CPI) or similar basket of goods. It shows how quickly the average cost of living is rising for households. By tracking changes in purchasing power, it highlights how inflation affects everyday expenses.
Why Inflation Rate Matters to a Country’s Progress
- Signals cost-of-living pressures, since high inflation erodes consumers’ real incomes.
- Indicates monetary stability, as runaway inflation can disrupt investment, savings, and economic planning.
- Informs policy, because central banks rely on inflation data to set interest rates and control price growth.
Implications for Policy & Society
- Persistent high inflation can force governments to tighten monetary policy, raising interest rates to cool prices.
- Low or negative inflation (deflation) can signal weakened demand, leading to slower growth and possible unemployment rises.
- Accurate inflation targeting helps protect vulnerable households, as stable prices preserve purchasing power for low-income families.
- Businesses and consumers adjust behavior—such as raising wages or delaying purchases—when they expect future inflation changes.
How to Read the Rankings
- A lower inflation rate generally indicates more stable prices, while a high rate suggests rapidly rising costs.
- “Most Recent Year” shows the latest annual percentage change; “Change” shows the difference from the prior year’s rate.
- Short-term spikes may result from supply shocks (e.g., oil price surges) rather than sustained inflationary trends.
Ranking Highlights
- Sudan tops the progress rankings in Inflation Rate, recording a drop from 359.09% to 138.81%. Suriname follows with a reduction from 51.59% to 16.23%, while Sierra Leone rounds out the top three, falling from 47.64% to 28.63%.
- Across all 179 countries, the average year-over-year change was -2.36 percentage points% with a median change of -1.74 percentage points%.
- Overall, 136 countries improved in this area while 43 worsened. Click on a country to open the full country scorecard and see how it performs across a range of key indicators.
| Rank | Country | Most Recent Year | Previous Year | Change |
|---|---|---|---|---|
| 1 |  Sudan | 138.81% (2022) | 359.09% (2021) | -220.28 pp |
| 2 |  Suriname | 16.23% (2024) | 51.59% (2023) | -35.36 pp |
| 3 |  Sierra Leone | 28.63% (2024) | 47.64% (2023) | -19.01 pp |
| 4 |  Pakistan | 12.63% (2024) | 30.77% (2023) | -18.14 pp |
| 5 |  Rwanda | 1.77% (2024) | 19.79% (2023) | -18.02 pp |
| 6 |  Sri Lanka | -0.43% (2024) | 16.54% (2023) | -16.97 pp |
| 7 |  Ghana | 22.85% (2024) | 38.11% (2023) | -15.26 pp |
| 8 |  Romania | -4.52% (2024) | 10.40% (2023) | -14.92 pp |
| 9 |  Hungary | 3.70% (2024) | 17.12% (2023) | -13.42 pp |
| 10 |  Palau | 2.23% (2024) | 12.82% (2023) | -10.59 pp |
| 11 |  Kazakhstan | 4.86% (2024) | 14.72% (2023) | -9.86 pp |
| 12 |  Moldova | 4.68% (2024) | 13.42% (2023) | -8.74 pp |
| 13 |  Lithuania | 0.72% (2024) | 9.12% (2023) | -8.40 pp |
| 14 |  Czech Republic | 2.44% (2024) | 10.66% (2023) | -8.22 pp |
| 15 |  Laos | 23.13% (2024) | 31.23% (2023) | -8.10 pp |
| 16 |  Slovakia | 2.76% (2024) | 10.53% (2023) | -7.77 pp |
| 17 |  Poland | 3.78% (2024) | 11.53% (2023) | -7.75 pp |
| 18 |  Serbia | 4.67% (2024) | 12.37% (2023) | -7.70 pp |
| 19 |  Latvia | 1.27% (2024) | 8.94% (2023) | -7.67 pp |
| 20 |  Bulgaria | 2.45% (2024) | 9.44% (2023) | -6.99 pp |
| 21 |  Burundi | 20.21% (2024) | 26.94% (2023) | -6.73 pp |
| 22 |  Azerbaijan | 2.21% (2024) | 8.79% (2023) | -6.58 pp |
| 23 |  Timor-Leste | 2.06% (2024) | 8.42% (2023) | -6.36 pp |
| 24 |  Ukraine | 6.50% (2024) | 12.85% (2023) | -6.35 pp |
| 25 |  North Macedonia | 3.49% (2024) | 9.36% (2023) | -5.87 pp |
| 26 |  Samoa | 2.17% (2024) | 7.92% (2023) | -5.75 pp |
| 27 |  Sweden | 2.84% (2024) | 8.55% (2023) | -5.71 pp |
| 28 |  Estonia | 3.52% (2024) | 9.16% (2023) | -5.64 pp |
| 29 |  Slovenia | 1.97% (2024) | 7.45% (2023) | -5.48 pp |
| 30 |  Algeria | 4.05% (2024) | 9.32% (2023) | -5.27 pp |
| 31 |  Montenegro | 3.34% (2024) | 8.58% (2023) | -5.24 pp |
| 32 |  Colombia | 6.61% (2024) | 11.74% (2023) | -5.13 pp |
| 33 |  Morocco | 0.99% (2024) | 6.09% (2023) | -5.10 pp |
| 34 |  Austria | 2.94% (2024) | 7.81% (2023) | -4.87 pp |
| 35 |  Thailand | 1.23% (2023) | 6.08% (2022) | -4.85 pp |
| 36 |  San Marino | 1.24% (2024) | 5.93% (2023) | -4.69 pp |
| 37 |  Finland | 1.57% (2024) | 6.25% (2023) | -4.68 pp |
| 38 |  Italy | 0.98% (2024) | 5.62% (2023) | -4.64 pp |
| 39 |  Mauritania | 4.95% (2023) | 9.53% (2022) | -4.58 pp |
| 40 |  Peru | 2.01% (2024) | 6.46% (2023) | -4.45 pp |
| 41 |  Bosnia and Herzegovina | 1.69% (2024) | 6.11% (2023) | -4.42 pp |
| 42 |  Cabo Verde | 3.72% (2023) | 7.93% (2022) | -4.21 pp |
| 43 |  Ireland | 2.11% (2024) | 6.30% (2023) | -4.19 pp |
| 44 |  Trinidad and Tobago | 0.53% (2024) | 4.63% (2023) | -4.10 pp |
| 45 |  Nicaragua | 4.62% (2024) | 8.39% (2023) | -3.77 pp |
| 46 |  Senegal | 5.94% (2023) | 9.70% (2022) | -3.76 pp |
| 47 |  Germany | 2.26% (2024) | 5.95% (2023) | -3.69 pp |
| 48 |  Djibouti | 1.50% (2023) | 5.18% (2022) | -3.68 pp |
| 49 |  Ethiopia | 30.22% (2023) | 33.89% (2022) | -3.67 pp |
| 50 |  United Arab Emirates | 1.63% (2023) | 5.29% (2022) | -3.66 pp |
| 51 |  Dominica | 4.23% (2023) | 7.78% (2022) | -3.55 pp |
| 52 |  Mongolia | 6.80% (2024) | 10.35% (2023) | -3.55 pp |
| 53 |  United Kingdom | 3.27% (2024) | 6.79% (2023) | -3.52 pp |
| 54 |  Guatemala | 2.87% (2024) | 6.21% (2023) | -3.34 pp |
| 55 |  Chile | 4.30% (2024) | 7.58% (2023) | -3.28 pp |
| 56 |  Cambodia | 2.13% (2023) | 5.34% (2022) | -3.21 pp |
| 57 |  El Salvador | 0.85% (2024) | 4.05% (2023) | -3.20 pp |
| 58 |  Kenya | 4.49% (2024) | 7.67% (2023) | -3.18 pp |
| 59 |  Kyrgyzstan | 10.75% (2023) | 13.92% (2022) | -3.17 pp |
| 60 |  Tonga | 3.18% (2024) | 6.35% (2023) | -3.17 pp |
| 61 |  Mozambique | 7.13% (2023) | 10.28% (2022) | -3.15 pp |
| 62 |  Mauritius | 4.10% (2024) | 7.05% (2023) | -2.95 pp |
| 63 |  France | 2.00% (2024) | 4.88% (2023) | -2.88 pp |
| 64 |  Iceland | 5.86% (2024) | 8.74% (2023) | -2.88 pp |
| 65 |  Croatia | 7.94% (2023) | 10.78% (2022) | -2.84 pp |
| 66 |  New Zealand | 2.92% (2024) | 5.73% (2023) | -2.81 pp |
| 67 |  Philippines | 3.21% (2024) | 5.98% (2023) | -2.77 pp |
| 68 |  Central African Republic | 2.98% (2023) | 5.58% (2022) | -2.60 pp |
| 69 |  Bahamas | 3.05% (2023) | 5.61% (2022) | -2.56 pp |
| 70 |  Albania | 2.21% (2024) | 4.76% (2023) | -2.55 pp |
| 71 |  Togo | 5.49% (2023) | 7.97% (2022) | -2.48 pp |
| 72 |  Antigua and Barbuda | 5.07% (2023) | 7.53% (2022) | -2.46 pp |
| 73 |  Gabon | 1.17% (2024) | 3.63% (2023) | -2.46 pp |
| 74 |  Singapore | 2.37% (2024) | 4.82% (2023) | -2.45 pp |
| 75 |  Australia | 3.16% (2024) | 5.60% (2023) | -2.44 pp |
| 76 |  Fiji | 2.15% (2023) | 4.52% (2022) | -2.37 pp |
| 77 |  Norway | 3.15% (2024) | 5.52% (2023) | -2.37 pp |
| 78 |  Saint Lucia | 4.07% (2023) | 6.38% (2022) | -2.31 pp |
| 79 |  Botswana | 2.82% (2024) | 5.07% (2023) | -2.25 pp |
| 80 |  Eswatini | 2.60% (2019) | 4.82% (2018) | -2.22 pp |
| 81 |  Jordan | 2.08% (2023) | 4.23% (2022) | -2.15 pp |
| 82 |  Tunisia | 7.21% (2024) | 9.33% (2023) | -2.12 pp |
| 83 |  Honduras | 4.61% (2024) | 6.66% (2023) | -2.05 pp |
| 84 |  Uganda | 3.32% (2024) | 5.35% (2023) | -2.03 pp |
| 85 |  Afghanistan | -6.60% (2024) | -4.64% (2023) | -1.96 pp |
| 86 |  Denmark | 1.37% (2024) | 3.31% (2023) | -1.94 pp |
| 87 |  Chad | 8.90% (2024) | 10.84% (2023) | -1.94 pp |
| 88 |  Portugal | 2.42% (2024) | 4.31% (2023) | -1.89 pp |
| 89 |  Qatar | 1.27% (2024) | 3.03% (2023) | -1.76 pp |
| 90 |  Cyprus | 1.80% (2024) | 3.54% (2023) | -1.74 pp |
| 91 |  South Africa | 4.36% (2024) | 6.08% (2023) | -1.72 pp |
| 92 |  Armenia | 0.27% (2024) | 1.98% (2023) | -1.71 pp |
| 93 |  Papua New Guinea | 0.60% (2024) | 2.30% (2023) | -1.70 pp |
| 94 |  Luxembourg | 2.05% (2024) | 3.74% (2023) | -1.69 pp |
| 95 |  Namibia | 4.24% (2024) | 5.88% (2023) | -1.64 pp |
| 96 |  Oman | 0.95% (2023) | 2.51% (2022) | -1.56 pp |
| 97 |  Maldives | 1.40% (2024) | 2.93% (2023) | -1.53 pp |
| 98 |  Canada | 2.38% (2024) | 3.88% (2023) | -1.50 pp |
| 99 |  Dominican Republic | 3.30% (2024) | 4.79% (2023) | -1.49 pp |
| 100 |  Bhutan | 2.76% (2024) | 4.23% (2023) | -1.47 pp |
| 101 |  Georgia | 1.11% (2024) | 2.49% (2023) | -1.38 pp |
| 102 |  South Korea | 2.32% (2024) | 3.60% (2023) | -1.28 pp |
| 103 |  United States | 2.95% (2024) | 4.12% (2023) | -1.17 pp |
| 104 |  Israel | 3.07% (2024) | 4.23% (2023) | -1.16 pp |
| 105 |  Belize | 3.29% (2024) | 4.39% (2023) | -1.10 pp |
| 106 |  Switzerland | 1.06% (2024) | 2.14% (2023) | -1.08 pp |
| 107 |  Malta | 5.09% (2023) | 6.15% (2022) | -1.06 pp |
| 108 |  Jamaica | 5.41% (2024) | 6.47% (2023) | -1.06 pp |
| 109 |  Uruguay | 4.85% (2024) | 5.87% (2023) | -1.02 pp |
| 110 |  Costa Rica | -0.41% (2024) | 0.53% (2023) | -0.94 pp |
| 111 |  Saint Vincent and the Grenadines | 3.63% (2024) | 4.56% (2023) | -0.93 pp |
| 112 |  Côte d'Ivoire | 3.47% (2024) | 4.39% (2023) | -0.92 pp |
| 113 |  Belgium | 3.14% (2024) | 4.05% (2023) | -0.91 pp |
| 114 |  Mexico | 4.72% (2024) | 5.53% (2023) | -0.81 pp |
| 115 |  Panama | 0.69% (2024) | 1.49% (2023) | -0.80 pp |
| 116 |  Paraguay | 3.84% (2024) | 4.63% (2023) | -0.79 pp |
| 117 |  Spain | 2.77% (2024) | 3.53% (2023) | -0.76 pp |
| 118 |  Brunei | -0.39% (2024) | 0.36% (2023) | -0.75 pp |
| 119 |  Kuwait | 2.90% (2024) | 3.64% (2023) | -0.74 pp |
| 120 |  Tanzania | 3.06% (2024) | 3.80% (2023) | -0.74 pp |
| 121 |  Greece | 2.74% (2024) | 3.46% (2023) | -0.72 pp |
| 122 |  India | 4.95% (2024) | 5.65% (2023) | -0.70 pp |
| 123 |  Ecuador | 1.55% (2024) | 2.22% (2023) | -0.67 pp |
| 124 |  Malaysia | 1.83% (2024) | 2.49% (2023) | -0.66 pp |
| 125 |  Saudi Arabia | 1.69% (2024) | 2.33% (2023) | -0.64 pp |
| 126 |  Iraq | 4.36% (2023) | 4.99% (2022) | -0.63 pp |
| 127 |  Indonesia | 3.67% (2023) | 4.21% (2022) | -0.54 pp |
| 128 |  Nepal | 7.11% (2023) | 7.65% (2022) | -0.54 pp |
| 129 |  Japan | 2.74% (2024) | 3.27% (2023) | -0.53 pp |
| 130 |  Netherlands | 3.35% (2024) | 3.84% (2023) | -0.49 pp |
| 131 |  Uzbekistan | 9.63% (2024) | 9.96% (2023) | -0.33 pp |
| 132 |  Libya | 2.13% (2024) | 2.37% (2023) | -0.24 pp |
| 133 |  Lesotho | 6.11% (2024) | 6.34% (2023) | -0.23 pp |
| 134 |  Brazil | 4.37% (2024) | 4.59% (2023) | -0.22 pp |
| 135 |  Zambia | 10.88% (2023) | 10.99% (2022) | -0.11 pp |
| 136 |  China | 0.22% (2024) | 0.23% (2023) | -0.01 pp |
| 137 |  Guyana | 2.90% (2024) | 2.82% (2023) | +0.08 pp |
| 138 |  Grenada | 2.70% (2023) | 2.58% (2022) | +0.12 pp |
| 139 |  Tajikistan | 6.00% (2016) | 5.71% (2015) | +0.29 pp |
| 140 |  Guinea | 8.12% (2024) | 7.80% (2023) | +0.32 pp |
| 141 |  Solomon Islands | 5.89% (2023) | 5.52% (2022) | +0.37 pp |
| 142 |  Vietnam | 3.62% (2024) | 3.25% (2023) | +0.37 pp |
| 143 |  Bangladesh | 10.47% (2024) | 9.88% (2023) | +0.59 pp |
| 144 |  Belarus | 5.79% (2024) | 5.00% (2023) | +0.79 pp |
| 145 |  Bahrain | 0.92% (2024) | 0.07% (2023) | +0.85 pp |
| 146 |  Saint Kitts and Nevis | 3.56% (2023) | 2.67% (2022) | +0.89 pp |
| 147 |  Iran | 44.58% (2023) | 43.49% (2022) | +1.09 pp |
| 148 |  Cameroon | 7.38% (2023) | 6.25% (2022) | +1.13 pp |
| 149 |  Mali | 3.21% (2024) | 2.06% (2023) | +1.15 pp |
| 150 |  Congo | 4.30% (2023) | 3.04% (2022) | +1.26 pp |
| 151 |  Seychelles | 0.31% (2024) | -1.04% (2023) | +1.35 pp |
| 152 |  Benin | 2.73% (2023) | 1.35% (2022) | +1.38 pp |
| 153 |  Madagascar | 9.87% (2023) | 8.16% (2022) | +1.71 pp |
| 154 |  Myanmar | 8.83% (2019) | 6.87% (2018) | +1.96 pp |
| 155 |  Democratic Republic of the Congo | 2.89% (2016) | 0.74% (2015) | +2.15 pp |
| 156 |  Micronesia | 5.41% (2022) | 3.19% (2021) | +2.22 pp |
| 157 |  Liberia | 10.09% (2023) | 7.59% (2022) | +2.50 pp |
| 158 |  Bolivia | 5.10% (2024) | 2.58% (2023) | +2.52 pp |
| 159 |  Haiti | 36.81% (2023) | 33.98% (2022) | +2.83 pp |
| 160 |  Sao Tome and Principe | 21.26% (2023) | 18.01% (2022) | +3.25 pp |
| 161 |  Russia | 6.69% (2021) | 3.38% (2020) | +3.31 pp |
| 162 |  Malawi | 32.18% (2024) | 28.79% (2023) | +3.39 pp |
| 163 |  Burkina Faso | 4.19% (2024) | 0.74% (2023) | +3.45 pp |
| 164 |  Kiribati | 9.28% (2023) | 5.35% (2022) | +3.93 pp |
| 165 |  Vanuatu | 11.18% (2023) | 6.68% (2022) | +4.50 pp |
| 166 |  Türkiye | 58.51% (2024) | 53.86% (2023) | +4.65 pp |
| 167 | Equatorial Guinea | 4.79% (2022) | -0.10% (2021) | +4.89 pp |
| 168 |  Niger | 9.07% (2024) | 3.70% (2023) | +5.37 pp |
| 169 |  Gambia | 16.97% (2023) | 11.51% (2022) | +5.46 pp |
| 170 |  Barbados | 9.79% (2023) | 4.10% (2019) | +5.69 pp |
| 171 |  Nigeria | 24.66% (2023) | 18.85% (2022) | +5.81 pp |
| 172 |  Zimbabwe | 104.71% (2022) | 98.55% (2021) | +6.16 pp |
| 173 |  Guinea-Bissau | 9.39% (2022) | 2.24% (2021) | +7.15 pp |
| 174 |  South Sudan | 2.38% (2023) | -6.69% (2022) | +9.07 pp |
| 175 |  Syria | 13.42% (2019) | 0.94% (2018) | +12.48 pp |
| 176 |  Angola | 28.24% (2024) | 13.64% (2023) | +14.60 pp |
| 177 |  Egypt | 33.88% (2023) | 13.90% (2022) | +19.98 pp |
| 178 |  Lebanon | 221.34% (2023) | 171.21% (2022) | +50.13 pp |
| 179 |  Venezuela | 254.95% (2016) | 121.74% (2015) | +133.21 pp |
Source: World Bank. Only countries with complete data (both points within the past 10 years) are shown.