Inflation Rate by Country
The Inflation Rate by Country ranking compares nations by their year-over-year inflation change, ranking those with the largest reductions higher, as lower inflation signals economic stability and stronger purchasing power.
Ranking summary
Sudan tops the 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.