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Inflation Rate

What is Inflation?

Inflation is an increase in the general price level of goods and services. When there is inflation in an economy, the value of money decreases because a given amount will buy fewer goods and services than before.

Inflation in an economy is often calculated by examining a basket of goods and services and comparing the changes in the prices of that basket over time.

The inflation rate is the percentage change in the price index for a given period compared to that recorded in a previous period. It is usually calculated on a year-on-year or annual basis.

How to calculate Inflation Rate?

Example: For an index (CPI) value of 183.1 for January of this year, and an index value (CPI) of 178.4 recorded in January last year, the annual rate of inflation of January this year would be:

(183.1 / 178.4 − 1) * 100 = 2.6 %

Similarly, one may compile month-on-month rates of change or average annual rates of change.

what is Deflation?

Deflation is the opposite of inflation. It is a decrease in the general price level of goods and services and represents an increase in the value of money, where an amount of money can be exchanged for more goods and services.

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Country wise Inflation rate is provided here.

CountryLastPreviousReferenceUnit
Venezuela19462344Sep/21%
Sudan366388Sep/21%
Lebanon138123Aug/21%
Syria71.5161.18May/20%
Suriname59.858.9Aug/21%
Argentina52.551.4Sep/21%
Zimbabwe51.5550.24Sep/21%
Iran43.743.2Sep/21%
Ethiopia34.830.4Sep/21%
Angola26.5726.09Sep/21%
Zambia22.124.4Sep/21%
Turkey19.5819.25Sep/21%
South Sudan18.314Jun/21%
Nigeria16.6317.01Sep/21%
Kyrgyzstan13.514Sep/21%
Guinea13.4812.28Aug/21%
Georgia12.312.8Sep/21%
Haiti12.212.7Jul/21%
Ukraine1110.2Sep/21%
Sierra Leone10.910.5Aug/21%
Uzbekistan10.811.1Sep/21%
Ghana10.69.7Sep/21%
Burundi10.479.7Aug/21%
Brazil10.259.68Sep/21%
Belarus10.29.8Sep/21%
Turkmenistan1013.4Dec/20%
Seychelles9.810.51Sep/21%
Mongolia9.68.9Sep/21%
Tajikistan9.49.1Aug/21%
Pakistan8.988.35Sep/21%
Armenia8.98.8Sep/21%
Kazakhstan8.98.7Sep/21%
Malawi8.98.4Sep/21%
Sao Tome and Principe8.86.9Aug/21%
Botswana8.48.8Sep/21%
Dominican Republic7.747.9Sep/21%
Guyana7.637.7Aug/21%
Uruguay7.417.59Sep/21%
Iraq7.46.5Jul/21%
Russia7.46.68Sep/21%
Liberia7.128.1Jul/21%
Gambia7.016.95Sep/21%
Kenya6.916.57Sep/21%
Moldova6.74.6Sep/21%
Egypt6.65.7Sep/21%
Estonia6.65Sep/21%
Paraguay6.45.6Sep/21%
Madagascar6.376.24Aug/21%
Lithuania6.35.3Sep/21%
Romania6.295.25Sep/21%
Tunisia6.26.2Sep/21%
Jamaica6.15.3Aug/21%
Mozambique6.045.61Sep/21%
Mexico65.59Sep/21%
Poland5.95.5Sep/21%
Serbia5.74.3Sep/21%
Sri Lanka5.76Sep/21%
Togo5.76.8Sep/21%
Bangladesh5.545.36Aug/21%
Hungary5.54.9Sep/21%
Lesotho5.56Jul/21%
Mauritius5.46Sep/21%
United States5.45.3Sep/21%
Chile5.34.8Sep/21%
Peru5.234.95Sep/21%
Azerbaijan5.24.8Sep/21%
Bhutan5.157.42Jul/21%
South Africa54.9Sep/21%
Nicaragua4.984.12Aug/21%
El Salvador4.974.3Sep/21%
Congo4.926.23Feb/21%
Czech Republic4.94.1Sep/21%
Kosovo4.94.7Sep/21%
New Zealand4.93.3Sep/21%
Bulgaria4.83.7Sep/21%
Guinea Bissau4.82.7Jul/21%
Latvia4.83.7Sep/21%
Philippines4.84.9Sep/21%
Central African Republic4.783.59Dec/20%
Eritrea4.7-16.4Dec/20%
Ivory Coast4.73.9Aug/21%
Slovakia4.63.8Sep/21%
Somalia4.594.24Sep/21%
Colombia4.514.44Sep/21%
Canada4.44.1Sep/21%
Iceland4.44.3Sep/21%
Mauritania4.43.5Aug/21%
India4.355.3Sep/21%
Nepal4.354.19Aug/21%
Cuba4.25.6Dec/20%
Algeria4.125.21Jun/21%
Cyprus4.15.04Sep/21%
Germany4.13.9Sep/21%
Norway4.13.4Sep/21%
Spain43.3Sep/21%
Tanzania43.8Sep/21%
Belize3.93.3Aug/21%
East Timor3.93.6Aug/21%
Niger3.94.7Mar/21%
Swaziland3.93.9Aug/21%
Laos3.814.7Aug/21%
Australia3.81.1Jun/21%
Barbados3.72.9Jul/21%
Ireland3.72.8Sep/21%
Macedonia3.73.6Sep/21%
Guatemala3.673.62Sep/21%
European Union3.63.2Sep/21%
Namibia3.53.4Sep/21%
Euro Area3.43Sep/21%
Austria3.33.2Sep/21%
Croatia3.33.1Sep/21%
Papua New Guinea3.34.65Jun/21%
Puerto Rico3.32.9Aug/21%
Faroe Islands3.13.1Sep/21%
Kuwait3.13.2Apr/21%
United Kingdom3.13.2Sep/21%
Equatorial Guinea31.2Dec/20%
Senegal32.6Sep/21%
Montenegro2.93.1Sep/21%
Belgium2.862.73Sep/21%
Burkina Faso2.83.5Aug/21%
Qatar2.712.95Sep/21%
Bahamas2.71.39Apr/21%
Cambodia2.73Jun/21%
Cape Verde2.72.4Sep/21%
Luxembourg2.72.5Sep/21%
Netherlands2.72.4Sep/21%
Honduras2.644.48Sep/21%
Myanmar2.641.51Mar/21%
Taiwan2.632.35Sep/21%
Albania2.52.4Sep/21%
Finland2.52.2Sep/21%
Israel2.52.2Sep/21%
Italy2.52Sep/21%
South Korea2.52.6Sep/21%
Sweden2.52.1Sep/21%
Singapore2.42.5Aug/21%
Slovenia2.42.1Sep/21%
Vanuatu2.45.2Jun/21%
Cameroon2.392.22Jun/21%
Panama2.392.4Aug/21%
Bosnia and Herzegovina2.31.9Aug/21%
Denmark2.21.8Sep/21%
France2.21.9Sep/21%
Greece2.21.9Sep/21%
Trinidad and Tobago2.21.8Jul/21%
Uganda2.21.9Sep/21%
Costa Rica2.091.72Sep/21%
Libya2.081.48Jun/21%
Oman2.082.19Aug/21%
Vietnam2.062.82Sep/21%
Malaysia22.2Aug/21%
Jordan1.852.01Sep/21%
Palestine1.722.55Sep/21%
Thailand1.68-0.02Sep/21%
Hong Kong1.63.7Aug/21%
Indonesia1.61.59Sep/21%
Afghanistan1.561.35Jun/21%
Brunei1.51.7Jul/21%
Mali1.52Aug/21%
Portugal1.51.5Sep/21%
Aruba1.41.8Aug/21%
Benin1.42.7Aug/21%
Djibouti1.35-0.53Aug/21%
Bermuda1.21.4Jun/21%
Ecuador1.070.89Sep/21%
Gabon0.91.3May/21%
Liechtenstein0.90.9Sep/21%
Switzerland0.90.9Sep/21%
Fiji0.8-0.4Aug/21%
Morocco0.82.2Aug/21%
China0.70.8Sep/21%
Malta0.70.4Sep/21%
Saudi Arabia0.60.3Sep/21%
United Arab Emirates0.55-0.02Aug/21%
New Caledonia0.50.7Aug/21%
Macau0.40.38Aug/21%
Maldives0.40.9Aug/21%
Bolivia0.180.2Aug/21%
Bahrain0.10.3Aug/21%
Japan-0.4-0.3Aug/21%
Chad-0.7-0.6Jul/21%
Cayman Islands-1-0.7Mar/21%
Rwanda-3.2-1.8Sep/21%
Comoros-6.02-5.26Mar/21%

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