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.
Country wise Inflation rate is provided here.
| Country | Last | Previous | Reference | Unit |
|---|---|---|---|---|
| Venezuela | 1946 | 2344 | Sep/21 | % |
| Sudan | 366 | 388 | Sep/21 | % |
| Lebanon | 138 | 123 | Aug/21 | % |
| Syria | 71.51 | 61.18 | May/20 | % |
| Suriname | 59.8 | 58.9 | Aug/21 | % |
| Argentina | 52.5 | 51.4 | Sep/21 | % |
| Zimbabwe | 51.55 | 50.24 | Sep/21 | % |
| Iran | 43.7 | 43.2 | Sep/21 | % |
| Ethiopia | 34.8 | 30.4 | Sep/21 | % |
| Angola | 26.57 | 26.09 | Sep/21 | % |
| Zambia | 22.1 | 24.4 | Sep/21 | % |
| Turkey | 19.58 | 19.25 | Sep/21 | % |
| South Sudan | 18.3 | 14 | Jun/21 | % |
| Nigeria | 16.63 | 17.01 | Sep/21 | % |
| Kyrgyzstan | 13.5 | 14 | Sep/21 | % |
| Guinea | 13.48 | 12.28 | Aug/21 | % |
| Georgia | 12.3 | 12.8 | Sep/21 | % |
| Haiti | 12.2 | 12.7 | Jul/21 | % |
| Ukraine | 11 | 10.2 | Sep/21 | % |
| Sierra Leone | 10.9 | 10.5 | Aug/21 | % |
| Uzbekistan | 10.8 | 11.1 | Sep/21 | % |
| Ghana | 10.6 | 9.7 | Sep/21 | % |
| Burundi | 10.47 | 9.7 | Aug/21 | % |
| Brazil | 10.25 | 9.68 | Sep/21 | % |
| Belarus | 10.2 | 9.8 | Sep/21 | % |
| Turkmenistan | 10 | 13.4 | Dec/20 | % |
| Seychelles | 9.8 | 10.51 | Sep/21 | % |
| Mongolia | 9.6 | 8.9 | Sep/21 | % |
| Tajikistan | 9.4 | 9.1 | Aug/21 | % |
| Pakistan | 8.98 | 8.35 | Sep/21 | % |
| Armenia | 8.9 | 8.8 | Sep/21 | % |
| Kazakhstan | 8.9 | 8.7 | Sep/21 | % |
| Malawi | 8.9 | 8.4 | Sep/21 | % |
| Sao Tome and Principe | 8.8 | 6.9 | Aug/21 | % |
| Botswana | 8.4 | 8.8 | Sep/21 | % |
| Dominican Republic | 7.74 | 7.9 | Sep/21 | % |
| Guyana | 7.63 | 7.7 | Aug/21 | % |
| Uruguay | 7.41 | 7.59 | Sep/21 | % |
| Iraq | 7.4 | 6.5 | Jul/21 | % |
| Russia | 7.4 | 6.68 | Sep/21 | % |
| Liberia | 7.12 | 8.1 | Jul/21 | % |
| Gambia | 7.01 | 6.95 | Sep/21 | % |
| Kenya | 6.91 | 6.57 | Sep/21 | % |
| Moldova | 6.7 | 4.6 | Sep/21 | % |
| Egypt | 6.6 | 5.7 | Sep/21 | % |
| Estonia | 6.6 | 5 | Sep/21 | % |
| Paraguay | 6.4 | 5.6 | Sep/21 | % |
| Madagascar | 6.37 | 6.24 | Aug/21 | % |
| Lithuania | 6.3 | 5.3 | Sep/21 | % |
| Romania | 6.29 | 5.25 | Sep/21 | % |
| Tunisia | 6.2 | 6.2 | Sep/21 | % |
| Jamaica | 6.1 | 5.3 | Aug/21 | % |
| Mozambique | 6.04 | 5.61 | Sep/21 | % |
| Mexico | 6 | 5.59 | Sep/21 | % |
| Poland | 5.9 | 5.5 | Sep/21 | % |
| Serbia | 5.7 | 4.3 | Sep/21 | % |
| Sri Lanka | 5.7 | 6 | Sep/21 | % |
| Togo | 5.7 | 6.8 | Sep/21 | % |
| Bangladesh | 5.54 | 5.36 | Aug/21 | % |
| Hungary | 5.5 | 4.9 | Sep/21 | % |
| Lesotho | 5.5 | 6 | Jul/21 | % |
| Mauritius | 5.4 | 6 | Sep/21 | % |
| United States | 5.4 | 5.3 | Sep/21 | % |
| Chile | 5.3 | 4.8 | Sep/21 | % |
| Peru | 5.23 | 4.95 | Sep/21 | % |
| Azerbaijan | 5.2 | 4.8 | Sep/21 | % |
| Bhutan | 5.15 | 7.42 | Jul/21 | % |
| South Africa | 5 | 4.9 | Sep/21 | % |
| Nicaragua | 4.98 | 4.12 | Aug/21 | % |
| El Salvador | 4.97 | 4.3 | Sep/21 | % |
| Congo | 4.92 | 6.23 | Feb/21 | % |
| Czech Republic | 4.9 | 4.1 | Sep/21 | % |
| Kosovo | 4.9 | 4.7 | Sep/21 | % |
| New Zealand | 4.9 | 3.3 | Sep/21 | % |
| Bulgaria | 4.8 | 3.7 | Sep/21 | % |
| Guinea Bissau | 4.8 | 2.7 | Jul/21 | % |
| Latvia | 4.8 | 3.7 | Sep/21 | % |
| Philippines | 4.8 | 4.9 | Sep/21 | % |
| Central African Republic | 4.78 | 3.59 | Dec/20 | % |
| Eritrea | 4.7 | -16.4 | Dec/20 | % |
| Ivory Coast | 4.7 | 3.9 | Aug/21 | % |
| Slovakia | 4.6 | 3.8 | Sep/21 | % |
| Somalia | 4.59 | 4.24 | Sep/21 | % |
| Colombia | 4.51 | 4.44 | Sep/21 | % |
| Canada | 4.4 | 4.1 | Sep/21 | % |
| Iceland | 4.4 | 4.3 | Sep/21 | % |
| Mauritania | 4.4 | 3.5 | Aug/21 | % |
| India | 4.35 | 5.3 | Sep/21 | % |
| Nepal | 4.35 | 4.19 | Aug/21 | % |
| Cuba | 4.2 | 5.6 | Dec/20 | % |
| Algeria | 4.12 | 5.21 | Jun/21 | % |
| Cyprus | 4.1 | 5.04 | Sep/21 | % |
| Germany | 4.1 | 3.9 | Sep/21 | % |
| Norway | 4.1 | 3.4 | Sep/21 | % |
| Spain | 4 | 3.3 | Sep/21 | % |
| Tanzania | 4 | 3.8 | Sep/21 | % |
| Belize | 3.9 | 3.3 | Aug/21 | % |
| East Timor | 3.9 | 3.6 | Aug/21 | % |
| Niger | 3.9 | 4.7 | Mar/21 | % |
| Swaziland | 3.9 | 3.9 | Aug/21 | % |
| Laos | 3.81 | 4.7 | Aug/21 | % |
| Australia | 3.8 | 1.1 | Jun/21 | % |
| Barbados | 3.7 | 2.9 | Jul/21 | % |
| Ireland | 3.7 | 2.8 | Sep/21 | % |
| Macedonia | 3.7 | 3.6 | Sep/21 | % |
| Guatemala | 3.67 | 3.62 | Sep/21 | % |
| European Union | 3.6 | 3.2 | Sep/21 | % |
| Namibia | 3.5 | 3.4 | Sep/21 | % |
| Euro Area | 3.4 | 3 | Sep/21 | % |
| Austria | 3.3 | 3.2 | Sep/21 | % |
| Croatia | 3.3 | 3.1 | Sep/21 | % |
| Papua New Guinea | 3.3 | 4.65 | Jun/21 | % |
| Puerto Rico | 3.3 | 2.9 | Aug/21 | % |
| Faroe Islands | 3.1 | 3.1 | Sep/21 | % |
| Kuwait | 3.1 | 3.2 | Apr/21 | % |
| United Kingdom | 3.1 | 3.2 | Sep/21 | % |
| Equatorial Guinea | 3 | 1.2 | Dec/20 | % |
| Senegal | 3 | 2.6 | Sep/21 | % |
| Montenegro | 2.9 | 3.1 | Sep/21 | % |
| Belgium | 2.86 | 2.73 | Sep/21 | % |
| Burkina Faso | 2.8 | 3.5 | Aug/21 | % |
| Qatar | 2.71 | 2.95 | Sep/21 | % |
| Bahamas | 2.7 | 1.39 | Apr/21 | % |
| Cambodia | 2.7 | 3 | Jun/21 | % |
| Cape Verde | 2.7 | 2.4 | Sep/21 | % |
| Luxembourg | 2.7 | 2.5 | Sep/21 | % |
| Netherlands | 2.7 | 2.4 | Sep/21 | % |
| Honduras | 2.64 | 4.48 | Sep/21 | % |
| Myanmar | 2.64 | 1.51 | Mar/21 | % |
| Taiwan | 2.63 | 2.35 | Sep/21 | % |
| Albania | 2.5 | 2.4 | Sep/21 | % |
| Finland | 2.5 | 2.2 | Sep/21 | % |
| Israel | 2.5 | 2.2 | Sep/21 | % |
| Italy | 2.5 | 2 | Sep/21 | % |
| South Korea | 2.5 | 2.6 | Sep/21 | % |
| Sweden | 2.5 | 2.1 | Sep/21 | % |
| Singapore | 2.4 | 2.5 | Aug/21 | % |
| Slovenia | 2.4 | 2.1 | Sep/21 | % |
| Vanuatu | 2.4 | 5.2 | Jun/21 | % |
| Cameroon | 2.39 | 2.22 | Jun/21 | % |
| Panama | 2.39 | 2.4 | Aug/21 | % |
| Bosnia and Herzegovina | 2.3 | 1.9 | Aug/21 | % |
| Denmark | 2.2 | 1.8 | Sep/21 | % |
| France | 2.2 | 1.9 | Sep/21 | % |
| Greece | 2.2 | 1.9 | Sep/21 | % |
| Trinidad and Tobago | 2.2 | 1.8 | Jul/21 | % |
| Uganda | 2.2 | 1.9 | Sep/21 | % |
| Costa Rica | 2.09 | 1.72 | Sep/21 | % |
| Libya | 2.08 | 1.48 | Jun/21 | % |
| Oman | 2.08 | 2.19 | Aug/21 | % |
| Vietnam | 2.06 | 2.82 | Sep/21 | % |
| Malaysia | 2 | 2.2 | Aug/21 | % |
| Jordan | 1.85 | 2.01 | Sep/21 | % |
| Palestine | 1.72 | 2.55 | Sep/21 | % |
| Thailand | 1.68 | -0.02 | Sep/21 | % |
| Hong Kong | 1.6 | 3.7 | Aug/21 | % |
| Indonesia | 1.6 | 1.59 | Sep/21 | % |
| Afghanistan | 1.56 | 1.35 | Jun/21 | % |
| Brunei | 1.5 | 1.7 | Jul/21 | % |
| Mali | 1.5 | 2 | Aug/21 | % |
| Portugal | 1.5 | 1.5 | Sep/21 | % |
| Aruba | 1.4 | 1.8 | Aug/21 | % |
| Benin | 1.4 | 2.7 | Aug/21 | % |
| Djibouti | 1.35 | -0.53 | Aug/21 | % |
| Bermuda | 1.2 | 1.4 | Jun/21 | % |
| Ecuador | 1.07 | 0.89 | Sep/21 | % |
| Gabon | 0.9 | 1.3 | May/21 | % |
| Liechtenstein | 0.9 | 0.9 | Sep/21 | % |
| Switzerland | 0.9 | 0.9 | Sep/21 | % |
| Fiji | 0.8 | -0.4 | Aug/21 | % |
| Morocco | 0.8 | 2.2 | Aug/21 | % |
| China | 0.7 | 0.8 | Sep/21 | % |
| Malta | 0.7 | 0.4 | Sep/21 | % |
| Saudi Arabia | 0.6 | 0.3 | Sep/21 | % |
| United Arab Emirates | 0.55 | -0.02 | Aug/21 | % |
| New Caledonia | 0.5 | 0.7 | Aug/21 | % |
| Macau | 0.4 | 0.38 | Aug/21 | % |
| Maldives | 0.4 | 0.9 | Aug/21 | % |
| Bolivia | 0.18 | 0.2 | Aug/21 | % |
| Bahrain | 0.1 | 0.3 | Aug/21 | % |
| Japan | -0.4 | -0.3 | Aug/21 | % |
| Chad | -0.7 | -0.6 | Jul/21 | % |
| Cayman Islands | -1 | -0.7 | Mar/21 | % |
| Rwanda | -3.2 | -1.8 | Sep/21 | % |
| Comoros | -6.02 | -5.26 | Mar/21 | % |
