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
1Sudan flag Sudan138.81% (2022)359.09% (2021)-220.28 pp
2Suriname flag Suriname16.23% (2024)51.59% (2023)-35.36 pp
3Sierra Leone flag Sierra Leone28.63% (2024)47.64% (2023)-19.01 pp
4Pakistan flag Pakistan12.63% (2024)30.77% (2023)-18.14 pp
5Rwanda flag Rwanda1.77% (2024)19.79% (2023)-18.02 pp
6Sri Lanka flag Sri Lanka-0.43% (2024)16.54% (2023)-16.97 pp
7Ghana flag Ghana22.85% (2024)38.11% (2023)-15.26 pp
8Romania flag Romania-4.52% (2024)10.40% (2023)-14.92 pp
9Hungary flag Hungary3.70% (2024)17.12% (2023)-13.42 pp
10Palau flag Palau2.23% (2024)12.82% (2023)-10.59 pp
11Kazakhstan flag Kazakhstan4.86% (2024)14.72% (2023)-9.86 pp
12Moldova flag Moldova4.68% (2024)13.42% (2023)-8.74 pp
13Lithuania flag Lithuania0.72% (2024)9.12% (2023)-8.40 pp
14Czech Republic flag Czech Republic2.44% (2024)10.66% (2023)-8.22 pp
15Laos flag Laos23.13% (2024)31.23% (2023)-8.10 pp
16Slovakia flag Slovakia2.76% (2024)10.53% (2023)-7.77 pp
17Poland flag Poland3.78% (2024)11.53% (2023)-7.75 pp
18Serbia flag Serbia4.67% (2024)12.37% (2023)-7.70 pp
19Latvia flag Latvia1.27% (2024)8.94% (2023)-7.67 pp
20Bulgaria flag Bulgaria2.45% (2024)9.44% (2023)-6.99 pp
21Burundi flag Burundi20.21% (2024)26.94% (2023)-6.73 pp
22Azerbaijan flag Azerbaijan2.21% (2024)8.79% (2023)-6.58 pp
23Timor-Leste flag Timor-Leste2.06% (2024)8.42% (2023)-6.36 pp
24Ukraine flag Ukraine6.50% (2024)12.85% (2023)-6.35 pp
25North Macedonia flag North Macedonia3.49% (2024)9.36% (2023)-5.87 pp
26Samoa flag Samoa2.17% (2024)7.92% (2023)-5.75 pp
27Sweden flag Sweden2.84% (2024)8.55% (2023)-5.71 pp
28Estonia flag Estonia3.52% (2024)9.16% (2023)-5.64 pp
29Slovenia flag Slovenia1.97% (2024)7.45% (2023)-5.48 pp
30Algeria flag Algeria4.05% (2024)9.32% (2023)-5.27 pp
31Montenegro flag Montenegro3.34% (2024)8.58% (2023)-5.24 pp
32Colombia flag Colombia6.61% (2024)11.74% (2023)-5.13 pp
33Morocco flag Morocco0.99% (2024)6.09% (2023)-5.10 pp
34Austria flag Austria2.94% (2024)7.81% (2023)-4.87 pp
35Thailand flag Thailand1.23% (2023)6.08% (2022)-4.85 pp
36San Marino flag San Marino1.24% (2024)5.93% (2023)-4.69 pp
37Finland flag Finland1.57% (2024)6.25% (2023)-4.68 pp
38Italy flag Italy0.98% (2024)5.62% (2023)-4.64 pp
39Mauritania flag Mauritania4.95% (2023)9.53% (2022)-4.58 pp
40Peru flag Peru2.01% (2024)6.46% (2023)-4.45 pp
41Bosnia and Herzegovina flag Bosnia and Herzegovina1.69% (2024)6.11% (2023)-4.42 pp
42Cabo Verde flag Cabo Verde3.72% (2023)7.93% (2022)-4.21 pp
43Ireland flag Ireland2.11% (2024)6.30% (2023)-4.19 pp
44Trinidad and Tobago flag Trinidad and Tobago0.53% (2024)4.63% (2023)-4.10 pp
45Nicaragua flag Nicaragua4.62% (2024)8.39% (2023)-3.77 pp
46Senegal flag Senegal5.94% (2023)9.70% (2022)-3.76 pp
47Germany flag Germany2.26% (2024)5.95% (2023)-3.69 pp
48Djibouti flag Djibouti1.50% (2023)5.18% (2022)-3.68 pp
49Ethiopia flag Ethiopia30.22% (2023)33.89% (2022)-3.67 pp
50United Arab Emirates flag United Arab Emirates1.63% (2023)5.29% (2022)-3.66 pp
51Dominica flag Dominica4.23% (2023)7.78% (2022)-3.55 pp
52Mongolia flag Mongolia6.80% (2024)10.35% (2023)-3.55 pp
53United Kingdom flag United Kingdom3.27% (2024)6.79% (2023)-3.52 pp
54Guatemala flag Guatemala2.87% (2024)6.21% (2023)-3.34 pp
55Chile flag Chile4.30% (2024)7.58% (2023)-3.28 pp
56Cambodia flag Cambodia2.13% (2023)5.34% (2022)-3.21 pp
57El Salvador flag El Salvador0.85% (2024)4.05% (2023)-3.20 pp
58Kenya flag Kenya4.49% (2024)7.67% (2023)-3.18 pp
59Kyrgyzstan flag Kyrgyzstan10.75% (2023)13.92% (2022)-3.17 pp
60Tonga flag Tonga3.18% (2024)6.35% (2023)-3.17 pp
61Mozambique flag Mozambique7.13% (2023)10.28% (2022)-3.15 pp
62Mauritius flag Mauritius4.10% (2024)7.05% (2023)-2.95 pp
63France flag France2.00% (2024)4.88% (2023)-2.88 pp
64Iceland flag Iceland5.86% (2024)8.74% (2023)-2.88 pp
65Croatia flag Croatia7.94% (2023)10.78% (2022)-2.84 pp
66New Zealand flag New Zealand2.92% (2024)5.73% (2023)-2.81 pp
67Philippines flag Philippines3.21% (2024)5.98% (2023)-2.77 pp
68Central African Republic flag Central African Republic2.98% (2023)5.58% (2022)-2.60 pp
69Bahamas flag Bahamas3.05% (2023)5.61% (2022)-2.56 pp
70Albania flag Albania2.21% (2024)4.76% (2023)-2.55 pp
71Togo flag Togo5.49% (2023)7.97% (2022)-2.48 pp
72Antigua and Barbuda flag Antigua and Barbuda5.07% (2023)7.53% (2022)-2.46 pp
73Gabon flag Gabon1.17% (2024)3.63% (2023)-2.46 pp
74Singapore flag Singapore2.37% (2024)4.82% (2023)-2.45 pp
75Australia flag Australia3.16% (2024)5.60% (2023)-2.44 pp
76Fiji flag Fiji2.15% (2023)4.52% (2022)-2.37 pp
77Norway flag Norway3.15% (2024)5.52% (2023)-2.37 pp
78Saint Lucia flag Saint Lucia4.07% (2023)6.38% (2022)-2.31 pp
79Botswana flag Botswana2.82% (2024)5.07% (2023)-2.25 pp
80Eswatini flag Eswatini2.60% (2019)4.82% (2018)-2.22 pp
81Jordan flag Jordan2.08% (2023)4.23% (2022)-2.15 pp
82Tunisia flag Tunisia7.21% (2024)9.33% (2023)-2.12 pp
83Honduras flag Honduras4.61% (2024)6.66% (2023)-2.05 pp
84Uganda flag Uganda3.32% (2024)5.35% (2023)-2.03 pp
85Afghanistan flag Afghanistan-6.60% (2024)-4.64% (2023)-1.96 pp
86Denmark flag Denmark1.37% (2024)3.31% (2023)-1.94 pp
87Chad flag Chad8.90% (2024)10.84% (2023)-1.94 pp
88Portugal flag Portugal2.42% (2024)4.31% (2023)-1.89 pp
89Qatar flag Qatar1.27% (2024)3.03% (2023)-1.76 pp
90Cyprus flag Cyprus1.80% (2024)3.54% (2023)-1.74 pp
91South Africa flag South Africa4.36% (2024)6.08% (2023)-1.72 pp
92Armenia flag Armenia0.27% (2024)1.98% (2023)-1.71 pp
93Papua New Guinea flag Papua New Guinea0.60% (2024)2.30% (2023)-1.70 pp
94Luxembourg flag Luxembourg2.05% (2024)3.74% (2023)-1.69 pp
95Namibia flag Namibia4.24% (2024)5.88% (2023)-1.64 pp
96Oman flag Oman0.95% (2023)2.51% (2022)-1.56 pp
97Maldives flag Maldives1.40% (2024)2.93% (2023)-1.53 pp
98Canada flag Canada2.38% (2024)3.88% (2023)-1.50 pp
99Dominican Republic flag Dominican Republic3.30% (2024)4.79% (2023)-1.49 pp
100Bhutan flag Bhutan2.76% (2024)4.23% (2023)-1.47 pp
101Georgia flag Georgia1.11% (2024)2.49% (2023)-1.38 pp
102South Korea flag South Korea2.32% (2024)3.60% (2023)-1.28 pp
103United States flag United States2.95% (2024)4.12% (2023)-1.17 pp
104Israel flag Israel3.07% (2024)4.23% (2023)-1.16 pp
105Belize flag Belize3.29% (2024)4.39% (2023)-1.10 pp
106Switzerland flag Switzerland1.06% (2024)2.14% (2023)-1.08 pp
107Malta flag Malta5.09% (2023)6.15% (2022)-1.06 pp
108Jamaica flag Jamaica5.41% (2024)6.47% (2023)-1.06 pp
109Uruguay flag Uruguay4.85% (2024)5.87% (2023)-1.02 pp
110Costa Rica flag Costa Rica-0.41% (2024)0.53% (2023)-0.94 pp
111Saint Vincent and the Grenadines flag Saint Vincent and the Grenadines3.63% (2024)4.56% (2023)-0.93 pp
112Côte d'Ivoire flag Côte d'Ivoire3.47% (2024)4.39% (2023)-0.92 pp
113Belgium flag Belgium3.14% (2024)4.05% (2023)-0.91 pp
114Mexico flag Mexico4.72% (2024)5.53% (2023)-0.81 pp
115Panama flag Panama0.69% (2024)1.49% (2023)-0.80 pp
116Paraguay flag Paraguay3.84% (2024)4.63% (2023)-0.79 pp
117Spain flag Spain2.77% (2024)3.53% (2023)-0.76 pp
118Brunei flag Brunei-0.39% (2024)0.36% (2023)-0.75 pp
119Kuwait flag Kuwait2.90% (2024)3.64% (2023)-0.74 pp
120Tanzania flag Tanzania3.06% (2024)3.80% (2023)-0.74 pp
121Greece flag Greece2.74% (2024)3.46% (2023)-0.72 pp
122India flag India4.95% (2024)5.65% (2023)-0.70 pp
123Ecuador flag Ecuador1.55% (2024)2.22% (2023)-0.67 pp
124Malaysia flag Malaysia1.83% (2024)2.49% (2023)-0.66 pp
125Saudi Arabia flag Saudi Arabia1.69% (2024)2.33% (2023)-0.64 pp
126Iraq flag Iraq4.36% (2023)4.99% (2022)-0.63 pp
127Indonesia flag Indonesia3.67% (2023)4.21% (2022)-0.54 pp
128Nepal flag Nepal7.11% (2023)7.65% (2022)-0.54 pp
129Japan flag Japan2.74% (2024)3.27% (2023)-0.53 pp
130Netherlands flag Netherlands3.35% (2024)3.84% (2023)-0.49 pp
131Uzbekistan flag Uzbekistan9.63% (2024)9.96% (2023)-0.33 pp
132Libya flag Libya2.13% (2024)2.37% (2023)-0.24 pp
133Lesotho flag Lesotho6.11% (2024)6.34% (2023)-0.23 pp
134Brazil flag Brazil4.37% (2024)4.59% (2023)-0.22 pp
135Zambia flag Zambia10.88% (2023)10.99% (2022)-0.11 pp
136China flag China0.22% (2024)0.23% (2023)-0.01 pp
137Guyana flag Guyana2.90% (2024)2.82% (2023)+0.08 pp
138Grenada flag Grenada2.70% (2023)2.58% (2022)+0.12 pp
139Tajikistan flag Tajikistan6.00% (2016)5.71% (2015)+0.29 pp
140Guinea flag Guinea8.12% (2024)7.80% (2023)+0.32 pp
141Solomon Islands flag Solomon Islands5.89% (2023)5.52% (2022)+0.37 pp
142Vietnam flag Vietnam3.62% (2024)3.25% (2023)+0.37 pp
143Bangladesh flag Bangladesh10.47% (2024)9.88% (2023)+0.59 pp
144Belarus flag Belarus5.79% (2024)5.00% (2023)+0.79 pp
145Bahrain flag Bahrain0.92% (2024)0.07% (2023)+0.85 pp
146Saint Kitts and Nevis flag Saint Kitts and Nevis3.56% (2023)2.67% (2022)+0.89 pp
147Iran flag Iran44.58% (2023)43.49% (2022)+1.09 pp
148Cameroon flag Cameroon7.38% (2023)6.25% (2022)+1.13 pp
149Mali flag Mali3.21% (2024)2.06% (2023)+1.15 pp
150Congo flag Congo4.30% (2023)3.04% (2022)+1.26 pp
151Seychelles flag Seychelles0.31% (2024)-1.04% (2023)+1.35 pp
152Benin flag Benin2.73% (2023)1.35% (2022)+1.38 pp
153Madagascar flag Madagascar9.87% (2023)8.16% (2022)+1.71 pp
154Myanmar flag Myanmar8.83% (2019)6.87% (2018)+1.96 pp
155Democratic Republic of the Congo flag Democratic Republic of the Congo2.89% (2016)0.74% (2015)+2.15 pp
156Micronesia flag Micronesia5.41% (2022)3.19% (2021)+2.22 pp
157Liberia flag Liberia10.09% (2023)7.59% (2022)+2.50 pp
158Bolivia flag Bolivia5.10% (2024)2.58% (2023)+2.52 pp
159Haiti flag Haiti36.81% (2023)33.98% (2022)+2.83 pp
160Sao Tome and Principe flag Sao Tome and Principe21.26% (2023)18.01% (2022)+3.25 pp
161Russia flag Russia6.69% (2021)3.38% (2020)+3.31 pp
162Malawi flag Malawi32.18% (2024)28.79% (2023)+3.39 pp
163Burkina Faso flag Burkina Faso4.19% (2024)0.74% (2023)+3.45 pp
164Kiribati flag Kiribati9.28% (2023)5.35% (2022)+3.93 pp
165Vanuatu flag Vanuatu11.18% (2023)6.68% (2022)+4.50 pp
166Türkiye flag Türkiye58.51% (2024)53.86% (2023)+4.65 pp
167Equatorial Guinea flag Equatorial Guinea4.79% (2022)-0.10% (2021)+4.89 pp
168Niger flag Niger9.07% (2024)3.70% (2023)+5.37 pp
169Gambia flag Gambia16.97% (2023)11.51% (2022)+5.46 pp
170Barbados flag Barbados9.79% (2023)4.10% (2019)+5.69 pp
171Nigeria flag Nigeria24.66% (2023)18.85% (2022)+5.81 pp
172Zimbabwe flag Zimbabwe104.71% (2022)98.55% (2021)+6.16 pp
173Guinea-Bissau flag Guinea-Bissau9.39% (2022)2.24% (2021)+7.15 pp
174South Sudan flag South Sudan2.38% (2023)-6.69% (2022)+9.07 pp
175Syria flag Syria13.42% (2019)0.94% (2018)+12.48 pp
176Angola flag Angola28.24% (2024)13.64% (2023)+14.60 pp
177Egypt flag Egypt33.88% (2023)13.90% (2022)+19.98 pp
178Lebanon flag Lebanon221.34% (2023)171.21% (2022)+50.13 pp
179Venezuela flag Venezuela254.95% (2016)121.74% (2015)+133.21 pp

Source: World Bank. Only countries with complete data (both points within the past 10 years) are shown.