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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.

RankCountryMost Recent YearPrevious YearChange
1Sudan138.81% (2022)359.09% (2021)-220.28 pp
2Sri Lanka16.54% (2023)49.72% (2022)-33.18 pp
3Türkiye53.86% (2023)72.31% (2022)-18.45 pp
4Moldova13.42% (2023)28.74% (2022)-15.32 pp
5Burkina Faso0.74% (2023)14.29% (2022)-13.55 pp
6Lithuania9.12% (2023)19.71% (2022)-10.59 pp
7Estonia9.16% (2023)19.40% (2022)-10.24 pp
8Belarus5.00% (2023)15.21% (2022)-10.21 pp
9Georgia2.49% (2023)11.90% (2022)-9.41 pp
10Latvia8.94% (2023)17.31% (2022)-8.37 pp
11Bosnia and Herzegovina6.11% (2023)14.02% (2022)-7.91 pp
12Costa Rica0.53% (2023)8.27% (2022)-7.74 pp
13Angola13.64% (2023)21.36% (2022)-7.72 pp
14Mali2.06% (2023)9.62% (2022)-7.56 pp
15Ukraine12.85% (2023)20.18% (2022)-7.33 pp
16Armenia1.98% (2023)8.64% (2022)-6.66 pp
17Botswana5.07% (2023)11.67% (2022)-6.60 pp
18Greece3.46% (2023)9.65% (2022)-6.19 pp
19Netherlands3.84% (2023)10.00% (2022)-6.16 pp
20Bulgaria9.44% (2023)15.33% (2022)-5.89 pp
21Belgium4.05% (2023)9.60% (2022)-5.55 pp
22Paraguay4.63% (2023)9.77% (2022)-5.14 pp
23Azerbaijan8.79% (2023)13.85% (2022)-5.06 pp
24Spain3.53% (2023)8.39% (2022)-4.86 pp
25Cyprus3.54% (2023)8.40% (2022)-4.86 pp
26Thailand1.23% (2023)6.08% (2022)-4.85 pp
27North Macedonia9.36% (2023)14.20% (2022)-4.84 pp
28Mongolia10.35% (2023)15.15% (2022)-4.80 pp
29Brazil4.59% (2023)9.28% (2022)-4.69 pp
30Tonga6.35% (2023)10.97% (2022)-4.62 pp
31Mauritania4.95% (2023)9.53% (2022)-4.58 pp
32Montenegro8.58% (2023)13.04% (2022)-4.46 pp
33Czech Republic10.66% (2023)15.10% (2022)-4.44 pp
34Denmark3.31% (2023)7.70% (2022)-4.39 pp
35Cabo Verde3.72% (2023)7.93% (2022)-4.21 pp
36Chile7.58% (2023)11.64% (2022)-4.06 pp
37Dominican Republic4.79% (2023)8.81% (2022)-4.02 pp
38Jamaica6.47% (2023)10.35% (2022)-3.88 pp
39United States4.12% (2023)8.00% (2022)-3.88 pp
40Senegal5.94% (2023)9.70% (2022)-3.76 pp
41Mauritius7.05% (2023)10.77% (2022)-3.72 pp
42Djibouti1.50% (2023)5.18% (2022)-3.68 pp
43Ethiopia30.22% (2023)33.89% (2022)-3.67 pp
44Seychelles-1.04% (2023)2.63% (2022)-3.67 pp
45United Arab Emirates1.63% (2023)5.29% (2022)-3.66 pp
46Bahrain0.07% (2023)3.63% (2022)-3.56 pp
47Dominica4.23% (2023)7.78% (2022)-3.55 pp
48Portugal4.31% (2023)7.83% (2022)-3.52 pp
49Romania10.40% (2023)13.80% (2022)-3.40 pp
50Brunei0.36% (2023)3.68% (2022)-3.32 pp
51Guyana2.82% (2023)6.12% (2022)-3.30 pp
52Uruguay5.87% (2023)9.10% (2022)-3.23 pp
53Cambodia2.13% (2023)5.34% (2022)-3.21 pp
54Kyrgyzstan10.75% (2023)13.92% (2022)-3.17 pp
55El Salvador4.05% (2023)7.20% (2022)-3.15 pp
56Mozambique7.13% (2023)10.28% (2022)-3.15 pp
57Papua New Guinea2.30% (2023)5.25% (2022)-2.95 pp
58Canada3.88% (2023)6.80% (2022)-2.92 pp
59Poland11.53% (2023)14.43% (2022)-2.90 pp
60Croatia7.94% (2023)10.78% (2022)-2.84 pp
61Guinea7.80% (2023)10.49% (2022)-2.69 pp
62Central African Republic2.98% (2023)5.58% (2022)-2.60 pp
63Luxembourg3.74% (2023)6.34% (2022)-2.60 pp
64Italy5.62% (2023)8.20% (2022)-2.58 pp
65Bahamas3.05% (2023)5.61% (2022)-2.56 pp
66Antigua and Barbuda5.07% (2023)7.53% (2022)-2.46 pp
67Honduras6.66% (2023)9.09% (2022)-2.43 pp
68Mexico5.53% (2023)7.90% (2022)-2.37 pp
69Fiji2.15% (2023)4.52% (2022)-2.37 pp
70Saint Lucia4.07% (2023)6.38% (2022)-2.31 pp
71Slovakia10.53% (2023)12.77% (2022)-2.24 pp
72Eswatini2.60% (2019)4.82% (2018)-2.22 pp
73Jordan2.08% (2023)4.23% (2022)-2.15 pp
74Libya2.37% (2023)4.51% (2022)-2.14 pp
75Nicaragua8.39% (2023)10.47% (2022)-2.08 pp
76Albania4.76% (2023)6.73% (2022)-1.97 pp
77Qatar3.03% (2023)5.00% (2022)-1.97 pp
78Lesotho6.34% (2023)8.27% (2022)-1.93 pp
79Belize4.39% (2023)6.28% (2022)-1.89 pp
80Peru6.46% (2023)8.33% (2022)-1.87 pp
81Uganda5.35% (2023)7.20% (2022)-1.85 pp
82China0.23% (2023)1.97% (2022)-1.74 pp
83Oman0.95% (2023)2.51% (2022)-1.56 pp
84Ireland6.30% (2023)7.83% (2022)-1.53 pp
85South Korea3.60% (2023)5.09% (2022)-1.49 pp
86New Zealand5.73% (2023)7.17% (2022)-1.44 pp
87Bhutan4.23% (2023)5.64% (2022)-1.41 pp
88Slovenia7.45% (2023)8.83% (2022)-1.38 pp
89Panama1.49% (2023)2.86% (2022)-1.37 pp
90Singapore4.82% (2023)6.12% (2022)-1.30 pp
91Ecuador2.22% (2023)3.47% (2022)-1.25 pp
92Trinidad and Tobago4.63% (2023)5.83% (2022)-1.20 pp
93United Kingdom6.79% (2023)7.92% (2022)-1.13 pp
94Saint Vincent and the Grenadines4.56% (2023)5.66% (2022)-1.10 pp
95Malta5.09% (2023)6.15% (2022)-1.06 pp
96India5.65% (2023)6.70% (2022)-1.05 pp
97Australia5.60% (2023)6.59% (2022)-0.99 pp
98South Africa6.07% (2023)7.04% (2022)-0.97 pp
99Germany5.95% (2023)6.87% (2022)-0.92 pp
100Côte d'Ivoire4.39% (2023)5.28% (2022)-0.89 pp
101Malaysia2.49% (2023)3.38% (2022)-0.89 pp
102Finland6.25% (2023)7.12% (2022)-0.87 pp
103Suriname51.59% (2023)52.45% (2022)-0.86 pp
104Austria7.81% (2023)8.55% (2022)-0.74 pp
105Switzerland2.14% (2023)2.84% (2022)-0.70 pp
106Iraq4.36% (2023)4.99% (2022)-0.63 pp
107Gabon3.63% (2023)4.23% (2022)-0.60 pp
108Morocco6.09% (2023)6.66% (2022)-0.57 pp
109Tanzania3.80% (2023)4.35% (2022)-0.55 pp
110Indonesia3.67% (2023)4.21% (2022)-0.54 pp
111Nepal7.11% (2023)7.65% (2022)-0.54 pp
112Niger3.70% (2023)4.23% (2022)-0.53 pp
113France4.88% (2023)5.22% (2022)-0.34 pp
114Kuwait3.64% (2023)3.98% (2022)-0.34 pp
115Kazakhstan14.72% (2023)15.03% (2022)-0.31 pp
116Norway5.52% (2023)5.76% (2022)-0.24 pp
117Namibia5.88% (2023)6.08% (2022)-0.20 pp
118Israel4.23% (2023)4.39% (2022)-0.16 pp
119Saudi Arabia2.33% (2023)2.47% (2022)-0.14 pp
120Zambia10.88% (2023)10.99% (2022)-0.11 pp
121Kenya7.67% (2023)7.66% (2022)+0.01 pp
122Algeria9.32% (2023)9.27% (2022)+0.05 pp
123Vietnam3.25% (2023)3.16% (2022)+0.09 pp
124Grenada2.70% (2023)2.58% (2022)+0.12 pp
125Philippines5.98% (2023)5.82% (2022)+0.16 pp
126Sweden8.55% (2023)8.37% (2022)+0.18 pp
127Tajikistan6.00% (2016)5.71% (2015)+0.29 pp
128Solomon Islands5.89% (2023)5.52% (2022)+0.37 pp
129Serbia12.37% (2023)11.98% (2022)+0.39 pp
130Iceland8.74% (2023)8.31% (2022)+0.43 pp
131Palau12.80% (2023)12.35% (2022)+0.45 pp
132San Marino1.05% (2017)0.57% (2016)+0.48 pp
133Uzbekistan11.45% (2022)10.85% (2021)+0.60 pp
134Maldives2.93% (2023)2.33% (2022)+0.60 pp
135Japan3.27% (2023)2.50% (2022)+0.77 pp
136Bolivia2.58% (2023)1.75% (2022)+0.83 pp
137Saint Kitts and Nevis3.56% (2023)2.67% (2022)+0.89 pp
138Tunisia9.33% (2023)8.31% (2022)+1.02 pp
139Iran44.58% (2023)43.49% (2022)+1.09 pp
140Cameroon7.38% (2023)6.25% (2022)+1.13 pp
141Congo4.30% (2023)3.04% (2022)+1.26 pp
142Benin2.73% (2023)1.35% (2022)+1.38 pp
143Timor-Leste8.42% (2023)7.01% (2022)+1.41 pp
144Colombia11.74% (2023)10.18% (2022)+1.56 pp
145Afghanistan2.30% (2019)0.63% (2018)+1.67 pp
146Madagascar9.87% (2023)8.16% (2022)+1.71 pp
147Myanmar8.83% (2019)6.87% (2018)+1.96 pp
148Rwanda19.79% (2023)17.69% (2022)+2.10 pp
149Democratic Republic of the Congo2.89% (2016)0.74% (2015)+2.15 pp
150Bangladesh9.88% (2023)7.70% (2022)+2.18 pp
151Micronesia5.41% (2022)3.19% (2021)+2.22 pp
152Liberia10.09% (2023)7.59% (2022)+2.50 pp
153Hungary17.12% (2023)14.61% (2022)+2.51 pp
154Guatemala6.89% (2022)4.26% (2021)+2.63 pp
155Haiti36.81% (2023)33.98% (2022)+2.83 pp
156Sao Tome and Principe21.26% (2023)18.01% (2022)+3.25 pp
157Russia6.69% (2021)3.38% (2020)+3.31 pp
158Togo7.97% (2022)4.19% (2021)+3.78 pp
159Kiribati9.28% (2023)5.35% (2022)+3.93 pp
160Vanuatu6.68% (2022)2.34% (2021)+4.34 pp
161Equatorial Guinea4.79% (2022)-0.10% (2021)+4.89 pp
162Chad10.84% (2023)5.79% (2022)+5.05 pp
163Gambia16.97% (2023)11.51% (2022)+5.46 pp
164Nigeria24.66% (2023)18.85% (2022)+5.81 pp
165Zimbabwe104.71% (2022)98.55% (2021)+6.16 pp
166Ghana38.11% (2023)31.26% (2022)+6.85 pp
167Guinea-Bissau9.39% (2022)2.24% (2021)+7.15 pp
168Samoa10.96% (2022)3.13% (2021)+7.83 pp
169Malawi28.79% (2023)20.95% (2022)+7.84 pp
170Burundi26.94% (2023)18.80% (2022)+8.14 pp
171Laos31.23% (2023)22.96% (2022)+8.27 pp
172South Sudan2.38% (2023)-6.69% (2022)+9.07 pp
173Pakistan30.77% (2023)19.87% (2022)+10.90 pp
174Syria13.42% (2019)0.94% (2018)+12.48 pp
175Egypt33.88% (2023)13.90% (2022)+19.98 pp
176Sierra Leone47.64% (2023)27.21% (2022)+20.43 pp
177Lebanon221.34% (2023)171.21% (2022)+50.13 pp
178Venezuela254.95% (2016)121.74% (2015)+133.21 pp

Source: World Bank. Only countries with consecutive data in the past 10 years are shown.