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.
Sudan ranks #1 in 2022, showing a positive change from 359.09 to 138.81. Sri Lanka takes #2 with a positive change from 49.72 to 16.54, and Türkiye is #3, showing a positive change from 72.31 to 53.86.
Meanwhile, Sierra Leone, Lebanon, and Venezuela are at the bottom of the ranking. Sierra Leone shows a negative change from 27.21 to 47.64, Lebanon sees a negative change from 171.21 to 221.34, and Venezuela has a negative change from 121.74 to 254.95.
Rank | Country | Most Recent Year | Previous Year | Change |
---|---|---|---|---|
1 | Sudan | 138.81% (2022) | 359.09% (2021) | -220.28 pp |
2 | Sri Lanka | 16.54% (2023) | 49.72% (2022) | -33.18 pp |
3 | Türkiye | 53.86% (2023) | 72.31% (2022) | -18.45 pp |
4 | Moldova | 13.42% (2023) | 28.74% (2022) | -15.32 pp |
5 | Burkina Faso | 0.74% (2023) | 14.29% (2022) | -13.55 pp |
6 | Lithuania | 9.12% (2023) | 19.71% (2022) | -10.59 pp |
7 | Estonia | 9.16% (2023) | 19.40% (2022) | -10.24 pp |
8 | Belarus | 5.00% (2023) | 15.21% (2022) | -10.21 pp |
9 | Georgia | 2.49% (2023) | 11.90% (2022) | -9.41 pp |
10 | Latvia | 8.94% (2023) | 17.31% (2022) | -8.37 pp |
11 | Bosnia and Herzegovina | 6.11% (2023) | 14.02% (2022) | -7.91 pp |
12 | Costa Rica | 0.53% (2023) | 8.27% (2022) | -7.74 pp |
13 | Angola | 13.64% (2023) | 21.36% (2022) | -7.72 pp |
14 | Mali | 2.06% (2023) | 9.62% (2022) | -7.56 pp |
15 | Ukraine | 12.85% (2023) | 20.18% (2022) | -7.33 pp |
16 | Armenia | 1.98% (2023) | 8.64% (2022) | -6.66 pp |
17 | Botswana | 5.07% (2023) | 11.67% (2022) | -6.60 pp |
18 | Greece | 3.46% (2023) | 9.65% (2022) | -6.19 pp |
19 | Netherlands | 3.84% (2023) | 10.00% (2022) | -6.16 pp |
20 | Bulgaria | 9.44% (2023) | 15.33% (2022) | -5.89 pp |
21 | Belgium | 4.05% (2023) | 9.60% (2022) | -5.55 pp |
22 | Paraguay | 4.63% (2023) | 9.77% (2022) | -5.14 pp |
23 | Azerbaijan | 8.79% (2023) | 13.85% (2022) | -5.06 pp |
24 | Spain | 3.53% (2023) | 8.39% (2022) | -4.86 pp |
25 | Cyprus | 3.54% (2023) | 8.40% (2022) | -4.86 pp |
26 | Thailand | 1.23% (2023) | 6.08% (2022) | -4.85 pp |
27 | North Macedonia | 9.36% (2023) | 14.20% (2022) | -4.84 pp |
28 | Mongolia | 10.35% (2023) | 15.15% (2022) | -4.80 pp |
29 | Brazil | 4.59% (2023) | 9.28% (2022) | -4.69 pp |
30 | Tonga | 6.35% (2023) | 10.97% (2022) | -4.62 pp |
31 | Mauritania | 4.95% (2023) | 9.53% (2022) | -4.58 pp |
32 | Montenegro | 8.58% (2023) | 13.04% (2022) | -4.46 pp |
33 | Czech Republic | 10.66% (2023) | 15.10% (2022) | -4.44 pp |
34 | Denmark | 3.31% (2023) | 7.70% (2022) | -4.39 pp |
35 | Cabo Verde | 3.72% (2023) | 7.93% (2022) | -4.21 pp |
36 | Chile | 7.58% (2023) | 11.64% (2022) | -4.06 pp |
37 | Dominican Republic | 4.79% (2023) | 8.81% (2022) | -4.02 pp |
38 | Jamaica | 6.47% (2023) | 10.35% (2022) | -3.88 pp |
39 | United States | 4.12% (2023) | 8.00% (2022) | -3.88 pp |
40 | Senegal | 5.94% (2023) | 9.70% (2022) | -3.76 pp |
41 | Mauritius | 7.05% (2023) | 10.77% (2022) | -3.72 pp |
42 | Djibouti | 1.50% (2023) | 5.18% (2022) | -3.68 pp |
43 | Ethiopia | 30.22% (2023) | 33.89% (2022) | -3.67 pp |
44 | Seychelles | -1.04% (2023) | 2.63% (2022) | -3.67 pp |
45 | United Arab Emirates | 1.63% (2023) | 5.29% (2022) | -3.66 pp |
46 | Bahrain | 0.07% (2023) | 3.63% (2022) | -3.56 pp |
47 | Dominica | 4.23% (2023) | 7.78% (2022) | -3.55 pp |
48 | Portugal | 4.31% (2023) | 7.83% (2022) | -3.52 pp |
49 | Romania | 10.40% (2023) | 13.80% (2022) | -3.40 pp |
50 | Brunei | 0.36% (2023) | 3.68% (2022) | -3.32 pp |
51 | Guyana | 2.82% (2023) | 6.12% (2022) | -3.30 pp |
52 | Uruguay | 5.87% (2023) | 9.10% (2022) | -3.23 pp |
53 | Cambodia | 2.13% (2023) | 5.34% (2022) | -3.21 pp |
54 | Kyrgyzstan | 10.75% (2023) | 13.92% (2022) | -3.17 pp |
55 | El Salvador | 4.05% (2023) | 7.20% (2022) | -3.15 pp |
56 | Mozambique | 7.13% (2023) | 10.28% (2022) | -3.15 pp |
57 | Papua New Guinea | 2.30% (2023) | 5.25% (2022) | -2.95 pp |
58 | Canada | 3.88% (2023) | 6.80% (2022) | -2.92 pp |
59 | Poland | 11.53% (2023) | 14.43% (2022) | -2.90 pp |
60 | Croatia | 7.94% (2023) | 10.78% (2022) | -2.84 pp |
61 | Guinea | 7.80% (2023) | 10.49% (2022) | -2.69 pp |
62 | Central African Republic | 2.98% (2023) | 5.58% (2022) | -2.60 pp |
63 | Luxembourg | 3.74% (2023) | 6.34% (2022) | -2.60 pp |
64 | Italy | 5.62% (2023) | 8.20% (2022) | -2.58 pp |
65 | Bahamas | 3.05% (2023) | 5.61% (2022) | -2.56 pp |
66 | Antigua and Barbuda | 5.07% (2023) | 7.53% (2022) | -2.46 pp |
67 | Honduras | 6.66% (2023) | 9.09% (2022) | -2.43 pp |
68 | Mexico | 5.53% (2023) | 7.90% (2022) | -2.37 pp |
69 | Fiji | 2.15% (2023) | 4.52% (2022) | -2.37 pp |
70 | Saint Lucia | 4.07% (2023) | 6.38% (2022) | -2.31 pp |
71 | Slovakia | 10.53% (2023) | 12.77% (2022) | -2.24 pp |
72 | Eswatini | 2.60% (2019) | 4.82% (2018) | -2.22 pp |
73 | Jordan | 2.08% (2023) | 4.23% (2022) | -2.15 pp |
74 | Libya | 2.37% (2023) | 4.51% (2022) | -2.14 pp |
75 | Nicaragua | 8.39% (2023) | 10.47% (2022) | -2.08 pp |
76 | Albania | 4.76% (2023) | 6.73% (2022) | -1.97 pp |
77 | Qatar | 3.03% (2023) | 5.00% (2022) | -1.97 pp |
78 | Lesotho | 6.34% (2023) | 8.27% (2022) | -1.93 pp |
79 | Belize | 4.39% (2023) | 6.28% (2022) | -1.89 pp |
80 | Peru | 6.46% (2023) | 8.33% (2022) | -1.87 pp |
81 | Uganda | 5.35% (2023) | 7.20% (2022) | -1.85 pp |
82 | China | 0.23% (2023) | 1.97% (2022) | -1.74 pp |
83 | Oman | 0.95% (2023) | 2.51% (2022) | -1.56 pp |
84 | Ireland | 6.30% (2023) | 7.83% (2022) | -1.53 pp |
85 | South Korea | 3.60% (2023) | 5.09% (2022) | -1.49 pp |
86 | New Zealand | 5.73% (2023) | 7.17% (2022) | -1.44 pp |
87 | Bhutan | 4.23% (2023) | 5.64% (2022) | -1.41 pp |
88 | Slovenia | 7.45% (2023) | 8.83% (2022) | -1.38 pp |
89 | Panama | 1.49% (2023) | 2.86% (2022) | -1.37 pp |
90 | Singapore | 4.82% (2023) | 6.12% (2022) | -1.30 pp |
91 | Ecuador | 2.22% (2023) | 3.47% (2022) | -1.25 pp |
92 | Trinidad and Tobago | 4.63% (2023) | 5.83% (2022) | -1.20 pp |
93 | United Kingdom | 6.79% (2023) | 7.92% (2022) | -1.13 pp |
94 | Saint Vincent and the Grenadines | 4.56% (2023) | 5.66% (2022) | -1.10 pp |
95 | Malta | 5.09% (2023) | 6.15% (2022) | -1.06 pp |
96 | India | 5.65% (2023) | 6.70% (2022) | -1.05 pp |
97 | Australia | 5.60% (2023) | 6.59% (2022) | -0.99 pp |
98 | South Africa | 6.07% (2023) | 7.04% (2022) | -0.97 pp |
99 | Germany | 5.95% (2023) | 6.87% (2022) | -0.92 pp |
100 | Côte d'Ivoire | 4.39% (2023) | 5.28% (2022) | -0.89 pp |
101 | Malaysia | 2.49% (2023) | 3.38% (2022) | -0.89 pp |
102 | Finland | 6.25% (2023) | 7.12% (2022) | -0.87 pp |
103 | Suriname | 51.59% (2023) | 52.45% (2022) | -0.86 pp |
104 | Austria | 7.81% (2023) | 8.55% (2022) | -0.74 pp |
105 | Switzerland | 2.14% (2023) | 2.84% (2022) | -0.70 pp |
106 | Iraq | 4.36% (2023) | 4.99% (2022) | -0.63 pp |
107 | Gabon | 3.63% (2023) | 4.23% (2022) | -0.60 pp |
108 | Morocco | 6.09% (2023) | 6.66% (2022) | -0.57 pp |
109 | Tanzania | 3.80% (2023) | 4.35% (2022) | -0.55 pp |
110 | Indonesia | 3.67% (2023) | 4.21% (2022) | -0.54 pp |
111 | Nepal | 7.11% (2023) | 7.65% (2022) | -0.54 pp |
112 | Niger | 3.70% (2023) | 4.23% (2022) | -0.53 pp |
113 | France | 4.88% (2023) | 5.22% (2022) | -0.34 pp |
114 | Kuwait | 3.64% (2023) | 3.98% (2022) | -0.34 pp |
115 | Kazakhstan | 14.72% (2023) | 15.03% (2022) | -0.31 pp |
116 | Norway | 5.52% (2023) | 5.76% (2022) | -0.24 pp |
117 | Namibia | 5.88% (2023) | 6.08% (2022) | -0.20 pp |
118 | Israel | 4.23% (2023) | 4.39% (2022) | -0.16 pp |
119 | Saudi Arabia | 2.33% (2023) | 2.47% (2022) | -0.14 pp |
120 | Zambia | 10.88% (2023) | 10.99% (2022) | -0.11 pp |
121 | Kenya | 7.67% (2023) | 7.66% (2022) | +0.01 pp |
122 | Algeria | 9.32% (2023) | 9.27% (2022) | +0.05 pp |
123 | Vietnam | 3.25% (2023) | 3.16% (2022) | +0.09 pp |
124 | Grenada | 2.70% (2023) | 2.58% (2022) | +0.12 pp |
125 | Philippines | 5.98% (2023) | 5.82% (2022) | +0.16 pp |
126 | Sweden | 8.55% (2023) | 8.37% (2022) | +0.18 pp |
127 | Tajikistan | 6.00% (2016) | 5.71% (2015) | +0.29 pp |
128 | Solomon Islands | 5.89% (2023) | 5.52% (2022) | +0.37 pp |
129 | Serbia | 12.37% (2023) | 11.98% (2022) | +0.39 pp |
130 | Iceland | 8.74% (2023) | 8.31% (2022) | +0.43 pp |
131 | Palau | 12.80% (2023) | 12.35% (2022) | +0.45 pp |
132 | San Marino | 1.05% (2017) | 0.57% (2016) | +0.48 pp |
133 | Uzbekistan | 11.45% (2022) | 10.85% (2021) | +0.60 pp |
134 | Maldives | 2.93% (2023) | 2.33% (2022) | +0.60 pp |
135 | Japan | 3.27% (2023) | 2.50% (2022) | +0.77 pp |
136 | Bolivia | 2.58% (2023) | 1.75% (2022) | +0.83 pp |
137 | Saint Kitts and Nevis | 3.56% (2023) | 2.67% (2022) | +0.89 pp |
138 | Tunisia | 9.33% (2023) | 8.31% (2022) | +1.02 pp |
139 | Iran | 44.58% (2023) | 43.49% (2022) | +1.09 pp |
140 | Cameroon | 7.38% (2023) | 6.25% (2022) | +1.13 pp |
141 | Congo | 4.30% (2023) | 3.04% (2022) | +1.26 pp |
142 | Benin | 2.73% (2023) | 1.35% (2022) | +1.38 pp |
143 | Timor-Leste | 8.42% (2023) | 7.01% (2022) | +1.41 pp |
144 | Colombia | 11.74% (2023) | 10.18% (2022) | +1.56 pp |
145 | Afghanistan | 2.30% (2019) | 0.63% (2018) | +1.67 pp |
146 | Madagascar | 9.87% (2023) | 8.16% (2022) | +1.71 pp |
147 | Myanmar | 8.83% (2019) | 6.87% (2018) | +1.96 pp |
148 | Rwanda | 19.79% (2023) | 17.69% (2022) | +2.10 pp |
149 | Democratic Republic of the Congo | 2.89% (2016) | 0.74% (2015) | +2.15 pp |
150 | Bangladesh | 9.88% (2023) | 7.70% (2022) | +2.18 pp |
151 | Micronesia | 5.41% (2022) | 3.19% (2021) | +2.22 pp |
152 | Liberia | 10.09% (2023) | 7.59% (2022) | +2.50 pp |
153 | Hungary | 17.12% (2023) | 14.61% (2022) | +2.51 pp |
154 | Guatemala | 6.89% (2022) | 4.26% (2021) | +2.63 pp |
155 | Haiti | 36.81% (2023) | 33.98% (2022) | +2.83 pp |
156 | Sao Tome and Principe | 21.26% (2023) | 18.01% (2022) | +3.25 pp |
157 | Russia | 6.69% (2021) | 3.38% (2020) | +3.31 pp |
158 | Togo | 7.97% (2022) | 4.19% (2021) | +3.78 pp |
159 | Kiribati | 9.28% (2023) | 5.35% (2022) | +3.93 pp |
160 | Vanuatu | 6.68% (2022) | 2.34% (2021) | +4.34 pp |
161 | Equatorial Guinea | 4.79% (2022) | -0.10% (2021) | +4.89 pp |
162 | Chad | 10.84% (2023) | 5.79% (2022) | +5.05 pp |
163 | Gambia | 16.97% (2023) | 11.51% (2022) | +5.46 pp |
164 | Nigeria | 24.66% (2023) | 18.85% (2022) | +5.81 pp |
165 | Zimbabwe | 104.71% (2022) | 98.55% (2021) | +6.16 pp |
166 | Ghana | 38.11% (2023) | 31.26% (2022) | +6.85 pp |
167 | Guinea-Bissau | 9.39% (2022) | 2.24% (2021) | +7.15 pp |
168 | Samoa | 10.96% (2022) | 3.13% (2021) | +7.83 pp |
169 | Malawi | 28.79% (2023) | 20.95% (2022) | +7.84 pp |
170 | Burundi | 26.94% (2023) | 18.80% (2022) | +8.14 pp |
171 | Laos | 31.23% (2023) | 22.96% (2022) | +8.27 pp |
172 | South Sudan | 2.38% (2023) | -6.69% (2022) | +9.07 pp |
173 | Pakistan | 30.77% (2023) | 19.87% (2022) | +10.90 pp |
174 | Syria | 13.42% (2019) | 0.94% (2018) | +12.48 pp |
175 | Egypt | 33.88% (2023) | 13.90% (2022) | +19.98 pp |
176 | Sierra Leone | 47.64% (2023) | 27.21% (2022) | +20.43 pp |
177 | Lebanon | 221.34% (2023) | 171.21% (2022) | +50.13 pp |
178 | Venezuela | 254.95% (2016) | 121.74% (2015) | +133.21 pp |
Source: World Bank. Only countries with consecutive data in the past 10 years are shown.